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NZ Govt Bond Tender #951; Tender Date 12 Jun 2025
12th Jun 25, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 951 held on 12 Jun, 2025.
Tender Date: Thursday, 12 Jun, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 17 Jun 2025
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Jun 12 #951 | May 29 #949 | May 15 #947 | May 1 #945 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 250 | 225 | 200 | 250 |
| Total Amount Allocated ($million) | 250 | 225 | 200 | 250 |
| Total Number of Bids Received | 64 | 48 | 51 | 51 |
| Total Amount of Bids Received ($million) | 1,075 | 796 | 1,199 | 943 |
| Total Number of Successful Bids | 22 | 11 | 12 | 13 |
| Highest Yield Accepted (%) | 3.9250 | 4.0050 | 3.9825 | 3.7975 |
| Lowest Yield Accepted (%) | 3.9000 | 3.9875 | 3.9775 | 3.7850 |
| Highest Yield Rejected (%) | 4.0150 | 4.1150 | 4.0500 | 3.9300 |
| Lowest Yield Rejected (%) | 3.9250 | 4.0050 | 3.9825 | 3.7975 |
| Weighted Average Accepted Yield (%) | 3.9172 | 3.9948 | 3.9792 | 3.7948 |
| Weighted Average Rejected Yield (%) | 3.9479 | 4.0453 | 4.0002 | 3.8249 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 65.40 | 18.20 | 5.60 | 66.70 |
| Coverage ratio | 4.30 | 3.53 | 5.99 | 3.77 |
(2) Series Offered : 4.25% 15 May 2036
| Jun 12 #951 | May 29 #949 | May 15 #947 | 8 May #946 | |
| Series Offered : 4.25% 15 May 2036 | ||||
| Total Amount Offered ($million) | 200 | 225 | 200 | 175 |
| Total Amount Allocated ($million) | 200 | 225 | 200 | 175 |
| Total Number of Bids Received | 47 | 55 | 50 | 44 |
| Total Amount of Bids Received ($million) | 644 | 736 | 726 | 682 |
| Total Number of Successful Bids | 12 | 16 | 14 | 15 |
| Highest Yield Accepted (%) | 4.6600 | 4.7675 | 4.7875 | 4.5800 |
| Lowest Yield Accepted (%) | 4.6450 | 4.7450 | 4.7700 | 4.5650 |
| Highest Yield Rejected (%) | 4.7675 | 4.8650 | 4.8525 | 4.6250 |
| Lowest Yield Rejected (%) | 4.6600 | 4.7675 | 4.7875 | 4.5800 |
| Weighted Average Accepted Yield (%) | 4.6542 | 4.7560 | 4.7811 | 4.5733 |
| Weighted Average Rejected Yield (%) | 4.6999 | 4.8049 | 4.8115 | 4.6025 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 56.20 | 25.00 | 2.00 | 72.50 |
| Coverage ratio | 3.22 | 3.27 | 3.63 | 3.89 |
*Individual allotments may vary due to rounding.
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