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NZ Govt Bond Tender #947; Tender Date 15 May 2025
15th May 25, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 947 held on 15 May, 2025.
Tender Date: Thursday, 15 May, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 20 May 2025
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| May 1 #945 | May 1 #945 | Apr 24 #944 | Mar 20 #940 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 200 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 200 | 250 | 250 | 250 |
| Total Number of Bids Received | 51 | 51 | 55 | 46 |
| Total Amount of Bids Received ($million) | 1,199 | 943 | 1,095 | 1,011 |
| Total Number of Successful Bids | 12 | 13 | 14 | 10 |
| Highest Yield Accepted (%) | 3.9825 | 3.7975 | 3.8750 | 4.0450 |
| Lowest Yield Accepted (%) | 3.9775 | 3.7850 | 3.8575 | 4.0400 |
| Highest Yield Rejected (%) | 4.0500 | 3.9300 | 3.9900 | 4.0975 |
| Lowest Yield Rejected (%) | 3.9825 | 3.7975 | 3.8750 | 4.0450 |
| Weighted Average Accepted Yield (%) | 3.9792 | 3.7948 | 3.8662 | 4.0424 |
| Weighted Average Rejected Yield (%) | 4.0002 | 3.8249 | 3.9074 | 4.0653 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 5.60 | 66.70 | 23.80 | 72.70 |
| Coverage ratio | 5.99 | 3.77 | 4.38 | 4.04 |
(2) Series Offered : 4.25% 15 May 2036
| May 1 #945 | 8 May #946 | 24 Apr #944 | 17 Apr #943 | |
| Series Offered : 4.25% 15 May 2036 | ||||
| Total Amount Offered ($million) | 200 | 175 | 250 | 225 |
| Total Amount Allocated ($million) | 200 | 175 | 250 | 225 |
| Total Number of Bids Received | 50 | 44 | 53 | 58 |
| Total Amount of Bids Received ($million) | 726 | 682 | 830 | 900 |
| Total Number of Successful Bids | 14 | 15 | 14 | 12 |
| Highest Yield Accepted (%) | 4.7875 | 4.5800 | 4.6775 | 4.6325 |
| Lowest Yield Accepted (%) | 4.7700 | 4.5650 | 4.6625 | 4.6225 |
| Highest Yield Rejected (%) | 4.8525 | 4.6250 | 4.7825 | 4.7350 |
| Lowest Yield Rejected (%) | 4.7875 | 4.5800 | 4.6775 | 4.6325 |
| Weighted Average Accepted Yield (%) | 4.7811 | 4.5733 | 4.6722 | 4.6278 |
| Weighted Average Rejected Yield (%) | 4.8115 | 4.6025 | 4.7103 | 4.6614 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 2.00 | 72.50 | 50.00 | 55.60 |
| Coverage ratio | 3.63 | 3.89 | 3.32 | 4.00 |
(3) Series Offered : 1.75% 15 May 2041
| May 1 #945 | 6 Mar #938 | 27 Feb #937 | 20 Feb #936 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 30 | 35 | 26 | 29 |
| Total Amount of Bids Received ($million) | 171 | 210 | 209 | 232 |
| Total Number of Successful Bids | 7 | 7 | 6 | 7 |
| Highest Yield Accepted (%) | 5.1425 | 5.0825 | 4.9700 | 5.0575 |
| Lowest Yield Accepted (%) | 5.1350 | 5.0700 | 4.9550 | 5.0500 |
| Highest Yield Rejected (%) | 5.5075 | 5.1975 | 5.0575 | 5.1175 |
| Lowest Yield Rejected (%) | 5.1450 | 5.0850 | 4.9700 | 5.0600 |
| Weighted Average Accepted Yield (%) | 5.1395 | 5.0758 | 4.9612 | 5.0530 |
| Weighted Average Rejected Yield (%) | 5.1710 | 5.1302 | 5.0011 | 5.0874 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 100.00 | 59.10 | 100.00 |
| Coverage ratio | 3.42 | 4.20 | 4.18 | 4.64 |
*Individual allotments may vary due to rounding.
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