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NZ Govt Bond Tender #921; Tender Date 26 Sep 2024
26th Sep 24, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 921 held on 12 Sep 2024.
Tender Date: Thursday, 26 Sep 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 1 Oct 2024
(1) Series Offered : 3.00% 20 Apr 2029
| 26 Sep #921 | 12 Sep #919 | 25 Jul #913 | 18 Jul #912 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 250 | 300 | 300 | 225 |
| Total Amount Allocated ($million) | 250 | 300 | 300 | 225 |
| Total Number of Bids Received | 46 | 35 | 49 | 52 |
| Total Amount of Bids Received ($million) | 544 | 604 | 777 | 748 |
| Total Number of Successful Bids | 26 | 23 | 24 | 11 |
| Highest Yield Accepted (%) | 3.7875 | 3.7600 | 4.0925 | 4.0900 |
| Lowest Yield Accepted (%) | 3.7550 | 3.7350 | 4.0700 | 4.0775 |
| Highest Yield Rejected (%) | 3.8700 | 3.8300 | 4.2100 | 4.2100 |
| Lowest Yield Rejected (%) | 3.7875 | 3.7600 | 4.0925 | 4.0900 |
| Weighted Average Accepted Yield (%) | 3.7739 | 3.7496 | 4.0813 | 4.0837 |
| 3. | 3.8144 | 3.7846 | 4.1258 | 4.1168 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 45.70 | 57.40 | 34.40 | 74.50 |
| Coverage ratio | 2.17 | 2.01 | 2.59 | 3.32 |
(2) Series Offered : 4.50% 15 May 2035
| 26 Sep #921 | 12 Sep #919 | 25 Jul #913 | |
| Series Offered : 4.50% 15 May 2035 | |||
| Total Amount Offered ($million) | 225 | 150 | 200 |
| Total Amount Allocated ($million) | 225 | 150 | 200 |
| Total Number of Bids Received | 41 | 59 | 48 |
| Total Amount of Bids Received ($million) | 365 | 685 | 433 |
| Total Number of Successful Bids | 29 | 19 | 22 |
| Highest Yield Accepted (%) | 4.3625 | 4.2250 | 4.4925 |
| Lowest Yield Accepted (%) | 4.3275 | 4.2075 | 4.4675 |
| Highest Yield Rejected (%) | 4.4200 | 4.3325 | 4.6050 |
| Lowest Yield Rejected (%) | 4.3650 | 4.2250 | 4.4925 |
| Weighted Average Accepted Yield (%) | 4.3423 | 4.2191 | 4.4779 |
| Weighted Average Rejected Yield (%) | 4.3896 | 4.2560 | 4.5444 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 83.30 | 42.90 |
| Coverage ratio | 1.62 | 4.56 | 2.16 |
(3) Series Offered : 2.75% 15 Apr 2037
| 26 Sep #921 | 12 Sep #919 | Aug 1 #914 | 18 Jul #912 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 25 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 25 | 50 | 50 | 50 |
| Total Number of Bids Received | 22 | 32 | 31 | 27 |
| Total Amount of Bids Received ($million) | 121 | 162 | 315 | 158 |
| Total Number of Successful Bids | 3 | 11 | 2 | 7 |
| Highest Yield Accepted (%) | 4.5300 | 4.4050 | 4.4850 | 4.5450 |
| Lowest Yield Accepted (%) | 4.5250 | 4.3925 | 4.4850 | 4.5350 |
| Highest Yield Rejected (%) | 4.6025 | 4.4525 | 4.5650 | 4.6200 |
| Lowest Yield Rejected (%) | 4.5300 | 4.4050 | 4.4850 | 4.5475 |
| Weighted Average Accepted Yield (%) | 4.5270 | 4.3996 | 4.4850 | 4.5398 |
| Weighted Average Rejected Yield (%) | 4.5501 | 4.4202 | 4.5065 | 4.5766 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 60.00 | 62.50 | 100.00 |
| Coverage ratio | 4.84 | 3.24 | 6.32 | 3.16 |
*Individual allotments may vary due to rounding.
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