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NZ Govt Bond Tender #954; Tender Date 10 Jul 2025
10th Jul 25, 2:50pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 954 held on 10 Jul, 2025.
Tender Date: Thursday, 10 Jul, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 15 Jul 2025
(1) Series Offered : 3.00% 20 Apr 2029
| 10 Jul #954 | 19 Jun #952 | 5 Jun #950 | 23 May #948 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 250 | 225 | 200 | 250 |
| Total Amount Allocated ($million) | 250 | 225 | 200 | 250 |
| Total Number of Bids Received | 46 | 40 | 44 | 32 |
| Total Amount of Bids Received ($million) | 661 | 817 | 1,060 | 731 |
| Total Number of Successful Bids | 18 | 10 | 13 | 12 |
| Highest Yield Accepted (%) | 3.6550 | 3.7775 | 3.7225 | 3.7200 |
| Lowest Yield Accepted (%) | 3.6375 | 3.7650 | 3.7000 | 3.6900 |
| Highest Yield Rejected (%) | 3.7225 | 3.8625 | 3.8175 | 3.7700 |
| Lowest Yield Rejected (%) | 3.6550 | 3.7800 | 3.7225 | 3.7200 |
| Weighted Average Accepted Yield (%) | 3.6485 | 3.7719 | 3.7131 | 3.7091 |
| Weighted Average Rejected Yield (%) | 3.6747 | 3.8067 | 3.7445 | 3.7429 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 73.30 | 100.00 | 4.20 | 44.00 |
| Coverage ratio | 2.64 | 3.60 | 5.30 | 2.92 |
(2) Series Offered : 4.50% 15 May 2035
| 10 Jul #954 | 26 Jun #953 | 5 Jun #950 | 12 Dec #931 | |
| Series Offered : 4.50% 15 May 2035 | ||||
| Total Amount Offered ($million) | 200 | 175 | 200 | 225 |
| Total Amount Allocated ($million) | 200 | 175 | 200 | 225 |
| Total Number of Bids Received | 39 | 36 | 42 | 33 |
| Total Amount of Bids Received ($million) | 699 | 438 | 548 | 475 |
| Total Number of Successful Bids | 12 | 9 | 13 | 21 |
| Highest Yield Accepted (%) | 4.5250 | 4.5125 | 4.5575 | 4.5175 |
| Lowest Yield Accepted (%) | 4.5125 | 4.4900 | 4.5225 | 4.4750 |
| Highest Yield Rejected (%) | 4.5975 | 4.5975 | 4.6500 | 4.5775 |
| Lowest Yield Rejected (%) | 4.5250 | 4.5125 | 4.5575 | 4.5175 |
| Weighted Average Accepted Yield (%) | 4.5170 | 4.5042 | 4.5476 | 4.4937 |
| Weighted Average Rejected Yield (%) | 4.5479 | 4.5368 | 4.5920 | 4.5350 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 57.90 | 69.20 | 16.00 | 32.10 |
| Coverage ratio | 3.49 | 2.50 | 2.74 | 2.11 |
*Individual allotments may vary due to rounding.
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