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NZ Govt Bond Tender #948; Tender Date 23 May 2025
23rd May 25, 3:15pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 948 held on 23 May, 2025.
Tender Date: Thursday, 23 May, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 28 May 2025
(1) Series Offered : 3.00% 20 Apr 2029
| 23 May #948 | 8 May #946 | 17 Apr #944 | 27 Mar #941 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 250 | 225 | 275 | 250 |
| Total Amount Allocated ($million) | 250 | 225 | 275 | 250 |
| Total Number of Bids Received | 32 | 43 | 48 | 35 |
| Total Amount of Bids Received ($million) | 731 | 840 | 881 | 765 |
| Total Number of Successful Bids | 12 | 9 | 16 | 10 |
| Highest Yield Accepted (%) | 3.7200 | 3.5975 | 3.6675 | 3.9325 |
| Lowest Yield Accepted (%) | 3.6900 | 3.5800 | 3.6300 | 3.9050 |
| Highest Yield Rejected (%) | 3.7700 | 3.6700 | 3.7175 | 4.0350 |
| Lowest Yield Rejected (%) | 3.7200 | 3.6000 | 3.6675 | 3.9325 |
| Weighted Average Accepted Yield (%) | 3.7091 | 3.5881 | 3.6556 | 3.9202 |
| Weighted Average Rejected Yield (%) | 3.7429 | 3.6249 | 3.6884 | 3.9602 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 44.00 | 100.00 | 33.30 | 72.70 |
| Coverage ratio | 2.92 | 3.73 | 3.20 | 3.06 |
(2) Series Offered : 3.50% 14 Apr 2033
| 23 May #948 | 27 Feb #937 | 15 Jan #932 | 28 Nov #929 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 150 | 225 | 175 | 175 |
| Total Amount Allocated ($million) | 150 | 225 | 175 | 175 |
| Total Number of Bids Received | 32 | 37 | 44 | 41 |
| Total Amount of Bids Received ($million) | 500 | 530 | 576 | 673 |
| Total Number of Successful Bids | 15 | 21 | 18 | 4 |
| Highest Yield Accepted (%) | 4.4500 | 4.4550 | 4.6000 | 4.3675 |
| Lowest Yield Accepted (%) | 4.4300 | 4.4125 | 4.5850 | 4.3625 |
| Highest Yield Rejected (%) | 4.4950 | 4.5300 | 4.6700 | 4.4625 |
| Lowest Yield Rejected (%) | 4.4500 | 4.4550 | 4.6000 | 4.3675 |
| Weighted Average Accepted Yield (%) | 4.4420 | 4.4339 | 4.5932 | 4.3650 |
| Weighted Average Rejected Yield (%) | 4.4718 | 4.4836 | 4.6244 | 4.3914 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 60.00 | 14.30 | 25.50 | 71.40 |
| Coverage ratio | 3.33 | 2.35 | 3.29 | 3.84 |
(3) Series Offered : 1.75% 15 May 2041
| 23 May #948 | May 1 #945 | 6 Mar #938 | 27 Feb #937 | |
| 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 | 20 | 30 | 35 | 26 |
| Total Amount of Bids Received ($million) | 150 | 171 | 210 | 209 |
| Total Number of Successful Bids | 7 | 7 | 7 | 6 |
| Highest Yield Accepted (%) | 5.1700 | 5.1425 | 5.0825 | 4.9700 |
| Lowest Yield Accepted (%) | 5.1500 | 5.1350 | 5.0700 | 4.9550 |
| Highest Yield Rejected (%) | 5.2200 | 5.5075 | 5.1975 | 5.0575 |
| Lowest Yield Rejected (%) | 5.1700 | 5.1450 | 5.0850 | 4.9700 |
| Weighted Average Accepted Yield (%) | 5.1630 | 5.1395 | 5.0758 | 4.9612 |
| Weighted Average Rejected Yield (%) | 5.1920 | 5.1710 | 5.1302 | 5.0011 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 66.70 | 100.00 | 100.00 | 59.10 |
| Coverage ratio | 3.00 | 3.42 | 4.20 | 4.18 |
*Individual allotments may vary due to rounding.
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