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NZ Govt Bond Tender #920; Tender Date 19 Sep 2024
19th Sep 24, 3:40pm
by
The New Zealand Debt Management Office (NZDMO) has announced the results of NZ Govt Bond tender number 920 held on 19 Sep 2024.
Tender Date: Thursday, 19 Sep 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 24 Sep 2024
(1) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Sep 19 #920 | Aug 8 #915 | Jul 4 #910 | Jun 20 #908 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 250 | 275 | 225 | 250 |
| Total Amount Allocated ($million) | 250 | 275 | 225 | 250 |
| Total Number of Bids Received | 40 | 36 | 22 | 25 |
| Total Amount of Bids Received ($million) | 436 | 485 | 242 | 311 |
| Total Number of Successful Bids | 28 | 24 | 21 | 20 |
| Highest Yield Accepted (%) | 4.0425 | 4.1425 | 4.6000 | 4.4775 |
| Lowest Yield Accepted (%) | 4.0075 | 4.1000 | 4.5500 | 4.4375 |
| Highest Yield Rejected (%) | 4.1125 | 4.2325 | 4.6200 | 4.5350 |
| Lowest Yield Rejected (%) | 4.0425 | 4.1425 | 4.6000 | 4.4775 |
| Weighted Average Accepted Yield (%) | 4.0292 | 4.1213 | 4.5786 | 4.4576 |
| Weighted Average Rejected Yield (%) | 4.0763 | 4.1798 | 4.6118 | 4.4986 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 40.00 | 87.50 | 72.00 | 50.00 |
| Coverage ratio | 1.74 | 1.76 | 1.07 | 1.24 |
(2) Series Offered : 4.25% 15 May 2034
| Sep 19 #920 | Sep 5 #918 | Aug 15 #916 | Aug 1 #914 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 200 | 225 | 200 | 150 |
| Total Amount Allocated ($million) | 200 | 225 | 200 | 150 |
| Total Number of Bids Received | 53 | 38 | 30 | 43 |
| Total Amount of Bids Received ($million) | 642 | 411 | 318 | 482 |
| Total Number of Successful Bids | 16 | 19 | 24 | 9 |
| Highest Yield Accepted (%) | 4.2425 | 4.2050 | 4.1925 | 4.2850 |
| Lowest Yield Accepted (%) | 4.2275 | 4.1725 | 4.1425 | 4.2750 |
| Highest Yield Rejected (%) | 4.3425 | 4.2450 | 4.2325 | 4.3650 |
| Lowest Yield Rejected (%) | 4.2425 | 4.2100 | 4.1925 | 4.2875 |
| Weighted Average Accepted Yield (%) | 4.2368 | 4.1884 | 4.1687 | 4.2821 |
| Weighted Average Rejected Yield (%) | 4.2668 | 4.2227 | 4.2116 | 4.3124 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 83.30 | 100.00 | 56.70 | 100.00 |
| Coverage ratio | 3.21 | 1.82 | 1.59 | 3.21 |
(3) Series Offered : 2.75% 15 Apr 2037
| Sep 19 #920 | 12 Sep #919 | Aug 1 #914 | 18 Jul #912 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 32 | 32 | 31 | 27 |
| Total Amount of Bids Received ($million) | 150 | 162 | 315 | 158 |
| Total Number of Successful Bids | 12 | 11 | 2 | 7 |
| Highest Yield Accepted (%) | 4.5200 | 4.4050 | 4.4850 | 4.5450 |
| Lowest Yield Accepted (%) | 4.5025 | 4.3925 | 4.4850 | 4.5350 |
| Highest Yield Rejected (%) | 4.6025 | 4.4525 | 4.5650 | 4.6200 |
| Lowest Yield Rejected (%) | 4.5200 | 4.4050 | 4.4850 | 4.5475 |
| Weighted Average Accepted Yield (%) | 4.5092 | 4.3996 | 4.4850 | 4.5398 |
| Weighted Average Rejected Yield (%) | 4.5374 | 4.4202 | 4.5065 | 4.5766 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 7.70 | 60.00 | 62.50 | 100.00 |
| Coverage ratio | 3.0 | 3.24 | 6.32 | 3.16 |
*Individual allotments may vary due to rounding.
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