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NZ Govt Bond Tender #903; Tender Date 9 May 2024
9th May 24, 2:45pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 903 held on 9 May, 2024.
Tender Date: Thursday, 9 May, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 14 May 2024
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| May 9 #903 | Apr 18 #900 | Feb 1 #891 | Dec 14 #888 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 250 | 275 | 200 | 200 |
| Total Amount Allocated ($million) | 250 | 275 | 200 | 200 |
| Total Number of Bids Received | 30 | 28 | 34 | 49 |
| Total Amount of Bids Received ($million) | 465 | 695 | 393 | 707 |
| Total Number of Successful Bids | 12 | 11 | 19 | 12 |
| Highest Yield Accepted (%) | 4.6000 | 4.7325 | 4.4400 | 4.4525 |
| Lowest Yield Accepted (%) | 4.5800 | 4.7200 | 4.3525 | 4.4400 |
| Highest Yield Rejected (%) | 4.6650 | 4.7925 | 4.4450 | 4.5175 |
| Lowest Yield Rejected (%) | 4.6050 | 4.7325 | 4.4000 | 4.4525 |
| Weighted Average Accepted Yield (%) | 4.5944 | 4.7271 | 4.3768 | 4.4454 |
| Weighted Average Rejected Yield (%) | 4.6264 | 4.7451 | 4.4173 | 4.4709 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 70.60 | ||
| Coverage ratio | 1.86 | 2.53 | 1.57 | 3.53 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| May 9 #903 | Apr 18 #900 | Apr 11 #899 | Mar 14- #896 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 225 | 175 | 175 | 225 |
| Total Amount Allocated ($million) | 225 | 175 | 175 | 225 |
| Total Number of Bids Received | 34 | 34 | 34 | 31 |
| Total Amount of Bids Received ($million) | 482 | 607 | 557 | 684 |
| Total Number of Successful Bids | 13 | 11 | 10 | 9 |
| Highest Yield Accepted (%) | 4.6725 | 4.8250 | 4.7250 | 4.5650 |
| Lowest Yield Accepted (%) | 4.6550 | 4.8150 | 4.7175 | 4.5525 |
| Highest Yield Rejected (%) | 4.7400 | 4.8950 | 4.7725 | 4.5900 |
| Lowest Yield Rejected (%) | 4.6725 | 4.8250 | 4.7250 | 4.5650 |
| Weighted Average Accepted Yield (%) | 4.6611 | 4.8196 | 4.7220 | 4.5606 |
| Weighted Average Rejected Yield (%) | 4.6922 | 4.8360 | 4.7408 | 4.5752 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 25.00 | 40.00 | 33.30 | 76.70 |
| Coverage ratio | 2.14 | 3.47 | 3.18 | 3.04 |
(3) Series Offered : 1.75% 15 May 2041
| May 9 #903 | Mar 7 #895 | Feb 29- #894 | Oct 20- #880 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 25 | 50 | 50 | 200 |
| Total Amount Allocated ($million) | 25 | 50 | 50 | 200 |
| Total Number of Bids Received | 17 | 18 | 19 | 42 |
| Total Amount of Bids Received ($million) | 85 | 155 | 135 | 738 |
| Total Number of Successful Bids | 6 | 6 | 7 | 3 |
| Highest Yield Accepted (%) | 5.0300 | 4.8425 | 4.9650 | 5.4400 |
| Lowest Yield Accepted (%) | 5.0200 | 4.8275 | 4.9525 | 5.4325 |
| Highest Yield Rejected (%) | 5.0900 | 4.9000 | 5.0300 | 5.5475 |
| Lowest Yield Rejected (%) | 5.0300 | 4.8475 | 4.9650 | 5.4400 |
| Weighted Average Accepted Yield (%) | 5.0265 | 4.8348 | 4.9569 | 5.4381 |
| Weighted Average Rejected Yield (%) | 5.0504 | 4.8696 | 4.9931 | 5.4655 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 66.70 | 100.00 | 5.90 | 88.20 |
| Coverage ratio | 3.40 | 3.10 | 2.70 | 3.69 |
*Individual allotments may vary due to rounding.
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