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NZ Govt Bond Tender #949; Tender Date 29 May 2025
29th May 25, 2:35pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 949 held on 29 May, 2025.
Tender Date: Thursday, 29 May, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 4 Jun 2025
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| May 29 #949 | May 15 #947 | May 1 #945 | Apr 24 #944 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 225 | 200 | 250 | 250 |
| Total Amount Allocated ($million) | 225 | 200 | 250 | 250 |
| Total Number of Bids Received | 48 | 51 | 51 | 55 |
| Total Amount of Bids Received ($million) | 796 | 1,199 | 943 | 1,095 |
| Total Number of Successful Bids | 11 | 12 | 13 | 14 |
| Highest Yield Accepted (%) | 4.0050 | 3.9825 | 3.7975 | 3.8750 |
| Lowest Yield Accepted (%) | 3.9875 | 3.9775 | 3.7850 | 3.8575 |
| Highest Yield Rejected (%) | 4.1150 | 4.0500 | 3.9300 | 3.9900 |
| Lowest Yield Rejected (%) | 4.0050 | 3.9825 | 3.7975 | 3.8750 |
| Weighted Average Accepted Yield (%) | 3.9948 | 3.9792 | 3.7948 | 3.8662 |
| Weighted Average Rejected Yield (%) | 4.0453 | 4.0002 | 3.8249 | 3.9074 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 18.20 | 5.60 | 66.70 | 23.80 |
| Coverage ratio | 3.53 | 5.99 | 3.77 | 4.38 |
(2) Series Offered : 4.25% 15 May 2036
| May 29 #949 | May 15 #947 | 8 May #946 | 24 Apr #944 | |
| Series Offered : 4.25% 15 May 2036 | ||||
| Total Amount Offered ($million) | 225 | 200 | 175 | 250 |
| Total Amount Allocated ($million) | 225 | 200 | 175 | 250 |
| Total Number of Bids Received | 55 | 50 | 44 | 53 |
| Total Amount of Bids Received ($million) | 736 | 726 | 682 | 830 |
| Total Number of Successful Bids | 16 | 14 | 15 | 14 |
| Highest Yield Accepted (%) | 4.7675 | 4.7875 | 4.5800 | 4.6775 |
| Lowest Yield Accepted (%) | 4.7450 | 4.7700 | 4.5650 | 4.6625 |
| Highest Yield Rejected (%) | 4.8650 | 4.8525 | 4.6250 | 4.7825 |
| Lowest Yield Rejected (%) | 4.7675 | 4.7875 | 4.5800 | 4.6775 |
| Weighted Average Accepted Yield (%) | 4.7560 | 4.7811 | 4.5733 | 4.6722 |
| Weighted Average Rejected Yield (%) | 4.8049 | 4.8115 | 4.6025 | 4.7103 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 25.00 | 2.00 | 72.50 | 50.00 |
| Coverage ratio | 3.27 | 3.63 | 3.89 | 3.32 |
*Individual allotments may vary due to rounding.
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