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NZ Govt Bond Tender #905; Tender Date 23 May 2024
23rd May 24, 2:41pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 905 held on 23 May, 2024.
Tender Date: Thursday, 23 May, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 28 May 2024
(1) Series Offered : 3.00% 20 Apr 2029
| May 23 #905 | Apr 24 #901 | Apr 11 #899 | Mar 28 #898 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 250 | 275 | 275 | 275 |
| Total Amount Allocated ($million) | 250 | 275 | 275 | 275 |
| Total Number of Bids Received | 27 | 21 | 29 | 31 |
| Total Amount of Bids Received ($million) | 471 | 540 | 489 | 619 |
| Total Number of Successful Bids | 8 | 8 | 22 | 13 |
| Highest Yield Accepted (%) | 4.5600 | 4.7375 | 4.6250 | 4.3650 |
| Lowest Yield Accepted (%) | 4.5550 | 4.7225 | 4.5875 | 4.3525 |
| Highest Yield Rejected (%) | 4.5975 | 4.8000 | 4.6500 | 4.4425 |
| Lowest Yield Rejected (%) | 4.5600 | 4.7375 | 4.6250 | 4.3650 |
| Weighted Average Accepted Yield (%) | 4.5590 | 4.7313 | 4.6031 | 4.3580 |
| Weighted Average Rejected Yield (%) | 4.5766 | 4.7584 | 4.6382 | 4.3793 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 88.60 | 47.80 | 28.60 | 10.30 |
| Coverage ratio | 1.88 | 1.96 | 1.7782 | 2.25 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| May 23 #905 | May 9 #903 | Apr 18 #900 | Apr 11 #899 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 175 | 225 | 175 | 175 |
| Total Amount Allocated ($million) | 175 | 225 | 175 | 175 |
| Total Number of Bids Received | 20 | 34 | 34 | 34 |
| Total Amount of Bids Received ($million) | 227 | 482 | 607 | 557 |
| Total Number of Successful Bids | 16 | 13 | 11 | 10 |
| Highest Yield Accepted (%) | 4.7000 | 4.6725 | 4.8250 | 4.7250 |
| Lowest Yield Accepted (%) | 4.6600 | 4.6550 | 4.8150 | 4.7175 |
| Highest Yield Rejected (%) | 4.7125 | 4.7400 | 4.8950 | 4.7725 |
| Lowest Yield Rejected (%) | 4.7000 | 4.6725 | 4.8250 | 4.7250 |
| Weighted Average Accepted Yield (%) | 4.6748 | 4.6611 | 4.8196 | 4.7220 |
| Weighted Average Rejected Yield (%) | 4.7078 | 4.6922 | 4.8360 | 4.7408 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 25.00 | 40.00 | 33.30 |
| Coverage ratio | 1.29 | 2.14 | 3.47 | 3.18 |
(3) Series Offered : 1.75% 15 May 2041
| May 23 #905 | May 9 #903 | Mar 7 #895 | Feb 29- #894 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 75 | 25 | 50 | 50 |
| Total Amount Allocated ($million) | 75 | 25 | 50 | 50 |
| Total Number of Bids Received | 18 | 17 | 18 | 19 |
| Total Amount of Bids Received ($million) | 150 | 85 | 155 | 135 |
| Total Number of Successful Bids | 5 | 6 | 6 | 7 |
| Highest Yield Accepted (%) | 4.9775 | 5.0300 | 4.8425 | 4.9650 |
| Lowest Yield Accepted (%) | 4.9700 | 5.0200 | 4.8275 | 4.9525 |
| Highest Yield Rejected (%) | 5.0300 | 5.0900 | 4.9000 | 5.0300 |
| Lowest Yield Rejected (%) | 4.9800 | 5.0300 | 4.8475 | 4.9650 |
| Weighted Average Accepted Yield (%) | 4.8718 | 5.0265 | 4.8348 | 4.9569 |
| Weighted Average Rejected Yield (%) | 4.9943 | 5.0504 | 4.8696 | 4.9931 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 66.70 | 100.00 | 5.90 |
| Coverage ratio | 2.00 | 3.40 | 3.10 | 2.70 |
*Individual allotments may vary due to rounding.
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