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NZ Govt Bond Tender #946; Tender Date 8 May 2025
8th May 25, 2:50pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 946 held on 8 May, 2025.
Tender Date: Thursday, 8 May, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 13 May 2025
(1) Series Offered : 3.00% 20 Apr 2029
| 8 May #946 | 17 Apr #944 | 27 Mar #941 | 27 Feb #937 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 225 | 275 | 250 | 225 |
| Total Amount Allocated ($million) | 225 | 275 | 250 | 225 |
| Total Number of Bids Received | 43 | 48 | 35 | 48 |
| Total Amount of Bids Received ($million) | 840 | 881 | 765 | 959 |
| Total Number of Successful Bids | 9 | 16 | 10 | 13 |
| Highest Yield Accepted (%) | 3.5975 | 3.6675 | 3.9325 | 3.9575 |
| Lowest Yield Accepted (%) | 3.5800 | 3.6300 | 3.9050 | 3.9450 |
| Highest Yield Rejected (%) | 3.6700 | 3.7175 | 4.0350 | 4.0575 |
| Lowest Yield Rejected (%) | 3.6000 | 3.6675 | 3.9325 | 3.9575 |
| Weighted Average Accepted Yield (%) | 3.5881 | 3.6556 | 3.9202 | 3.9518 |
| Weighted Average Rejected Yield (%) | 3.6249 | 3.6884 | 3.9602 | 3.9813 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 33.30 | 72.70 | 54.10 |
| Coverage ratio | 3.73 | 3.20 | 3.06 | 4.26 |
(2) Series Offered : 4.25% 15 May 2036
| 8 May #946 | 24 Apr #944 | 17 Apr #943 | 27 Mar #941 | |
| Series Offered : 4.25% 15 May 2036 | ||||
| Total Amount Offered ($million) | 175 | 250 | 225 | 200 |
| Total Amount Allocated ($million) | 175 | 250 | 225 | 200 |
| Total Number of Bids Received | 44 | 53 | 58 | 33 |
| Total Amount of Bids Received ($million) | 682 | 830 | 900 | 530 |
| Total Number of Successful Bids | 15 | 14 | 12 | 11 |
| Highest Yield Accepted (%) | 4.5800 | 4.6775 | 4.6325 | 4.7625 |
| Lowest Yield Accepted (%) | 4.5650 | 4.6625 | 4.6225 | 4.7450 |
| Highest Yield Rejected (%) | 4.6250 | 4.7825 | 4.7350 | 4.8325 |
| Lowest Yield Rejected (%) | 4.5800 | 4.6775 | 4.6325 | 4.7625 |
| Weighted Average Accepted Yield (%) | 4.5733 | 4.6722 | 4.6278 | 4.7536 |
| Weighted Average Rejected Yield (%) | 4.6025 | 4.7103 | 4.6614 | 4.7908 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 72.50 | 50.00 | 55.60 | 33.30 |
| Coverage ratio | 3.89 | 3.32 | 4.00 | 2.65 |
(3) Series Offered : 2.75% 15 May 2051
| 8 May #946 | 5 Feb #935 | Aug 29 #917 | Apr 18 #900 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 32 | 35 | 17 | 19 |
| Total Amount of Bids Received ($million) | 172 | 209 | 76 | 101 |
| Total Number of Successful Bids | 13 | 7 | 11 | 11 |
| Highest Yield Accepted (%) | 5.1350 | 5.0875 | 4.7475 | 5.1750 |
| Lowest Yield Accepted (%) | 5.1000 | 5.0825 | 4.7125 | 5.1500 |
| Highest Yield Rejected (%) | 5.1950 | 5.1700 | 4.8050 | 5.1950 |
| Lowest Yield Rejected (%) | 5.1350 | 5.0900 | 4.7450 | 5.1750 |
| Weighted Average Accepted Yield (%) | 5.1148 | 5.0855 | 4.7246 | 5.1598 |
| Weighted Average Rejected Yield (%) | 5.1522 | 5.1236 | 4.7577 | 5.1878 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 25.00 | 100.00 | 33.30 | 56.0 |
| Coverage ratio | 3.44 | 4.18 | 1.52 | 2.02 |
*Individual allotments may vary due to rounding.
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