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NZ Govt Bond Tender #945; Tender Date 1 May 2025
1st May 25, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 945 held on 1 May, 2025.
Tender Date: Thursday, 1 May, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 6 May 2025
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| May 1 #945 | Apr 24 #944 | Mar 20 #940 | Mar 13 #939 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 250 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 250 |
| Total Number of Bids Received | 51 | 55 | 46 | 58 |
| Total Amount of Bids Received ($million) | 943 | 1,095 | 1,011 | 1,225 |
| Total Number of Successful Bids | 13 | 14 | 10 | 10 |
| Highest Yield Accepted (%) | 3.7975 | 3.8750 | 4.0450 | 4.0875 |
| Lowest Yield Accepted (%) | 3.7850 | 3.8575 | 4.0400 | 4.0825 |
| Highest Yield Rejected (%) | 3.9300 | 3.9900 | 4.0975 | 4.1625 |
| Lowest Yield Rejected (%) | 3.7975 | 3.8750 | 4.0450 | 4.0875 |
| Weighted Average Accepted Yield (%) | 3.7948 | 3.8662 | 4.0424 | 4.0852 |
| Weighted Average Rejected Yield (%) | 3.8249 | 3.9074 | 4.0653 | 4.1072 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 66.70 | 23.80 | 72.70 | 87.50 |
| Coverage ratio | 3.77 | 4.38 | 4.04 | 4.90 |
(2) Series Offered : 4.25% 15 May 2034
| May 1 #945 | Apr 10 #942 | Mar 13 #939 | 20 Feb #936 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 150 | 275 | 200 | 200 |
| Total Amount Allocated ($million) | 150 | 275 | 200 | 200 |
| Total Number of Bids Received | 49 | 53 | 50 | 48 |
| Total Amount of Bids Received ($million) | 458 | 960 | 1,010 | 968 |
| Total Number of Successful Bids | 17 | 7 | 11 | 12 |
| Highest Yield Accepted (%) | 4.3725 | 3.4950 | 4.5900 | 4.5900 |
| Lowest Yield Accepted (%) | 4.3525 | 3.4875 | 4.5825 | 4.5750 |
| Highest Yield Rejected (%) | 4.4850 | 3.6125 | 4.6750 | 4.6900 |
| Lowest Yield Rejected (%) | 4.3725 | 3.4950 | 4.5900 | 4.5900 |
| Weighted Average Accepted Yield (%) | 4.3646 | 3.4929 | 4.5881 | 4.5862 |
| Weighted Average Rejected Yield (%) | 4.4104 | 3.5383 | 4.6157 | 4.6134 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 77.50 | 72.00 | 81.50 | 54.50 |
| Coverage ratio | 3.05 | 3.49 | 5.05 | 4.84 |
(3) Series Offered : 5.00% 15 May 2054
| May 1 #945 | Mar 20 #940 | Mar 13 #939 | Nov 7- #924 | |
| Series Offered : 5.00% 15 May 2054 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 32 | 31 | 48 | 28 |
| Total Amount of Bids Received ($million) | 142 | 242 | 252 | 180 |
| Total Number of Successful Bids | 16 | 8 | 12 | 10 |
| Highest Yield Accepted (%) | 5.2050 | 5.1950 | 5.2575 | 5.1575 |
| Lowest Yield Accepted (%) | 5.1775 | 5.1800 | 5.2425 | 5.1425 |
| Highest Yield Rejected (%) | 5.2675 | 5.2675 | 5.3550 | 5.2175 |
| Lowest Yield Rejected (%) | 5.2050 | 5.1950 | 5.2575 | 5.1600 |
| Weighted Average Accepted Yield (%) | 5.1969 | 5.1898 | 5.2532 | 5.1490 |
| Weighted Average Rejected Yield (%) | 5.2288 | 5.2256 | 5.2840 | 5.1777 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 60.90 | 52.00 | 10.00 | 100.00 |
| Coverage ratio | 2.84 | 4.84 | 5.04 | 3.60 |
*Individual allotments may vary due to rounding.
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