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NZ Govt Bond Tender #955; Tender Date 17 Jul 2025
17th Jul 25, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 955 held on 17 Jul, 2025.
Tender Date: Thursday, 17 Jul, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 22 Jul 2025
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Jul 17 #955 | Jun 12 #951 | May 29 #949 | May 15 #947 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 200 | 250 | 225 | 200 |
| Total Amount Allocated ($million) | 200 | 250 | 225 | 200 |
| Total Number of Bids Received | 38 | 64 | 48 | 51 |
| Total Amount of Bids Received ($million) | 736 | 1,075 | 796 | 1,199 |
| Total Number of Successful Bids | 16 | 22 | 11 | 12 |
| Highest Yield Accepted (%) | 3.8525 | 3.9250 | 4.0050 | 3.9825 |
| Lowest Yield Accepted (%) | 3.8275 | 3.9000 | 3.9875 | 3.9775 |
| Highest Yield Rejected (%) | 3.9050 | 4.0150 | 4.1150 | 4.0500 |
| Lowest Yield Rejected (%) | 3.8525 | 3.9250 | 4.0050 | 3.9825 |
| Weighted Average Accepted Yield (%) | 3.8413 | 3.9172 | 3.9948 | 3.9792 |
| Weighted Average Rejected Yield (%) | 3.8629 | 3.9479 | 4.0453 | 4.0002 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 5.90 | 65.40 | 18.20 | 5.60 |
| Coverage ratio | 3.68 | 4.30 | 3.53 | 5.99 |
(2) Series Offered : 4.25% 15 May 2036
| Jul 17 #955 | Jun 12 #951 | May 29 #949 | May 15 #947 | |
| Series Offered : 4.25% 15 May 2036 | ||||
| Total Amount Offered ($million) | 200 | 200 | 225 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 225 | 200 |
| Total Number of Bids Received | 42 | 47 | 55 | 50 |
| Total Amount of Bids Received ($million) | 565 | 644 | 736 | 726 |
| Total Number of Successful Bids | 16 | 12 | 16 | 14 |
| Highest Yield Accepted (%) | 4.6650 | 4.6600 | 4.7675 | 4.7875 |
| Lowest Yield Accepted (%) | 4.6425 | 4.6450 | 4.7450 | 4.7700 |
| Highest Yield Rejected (%) | 4.7325 | 4.7675 | 4.8650 | 4.8525 |
| Lowest Yield Rejected (%) | 4.6650 | 4.6600 | 4.7675 | 4.7875 |
| Weighted Average Accepted Yield (%) | 4.6582 | 4.6542 | 4.7560 | 4.7811 |
| Weighted Average Rejected Yield (%) | 4.6874 | 4.6999 | 4.8049 | 4.8115 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 63.60 | 56.20 | 25.00 | 2.00 |
| Coverage ratio | 2.82 | 3.22 | 3.27 | 3.63 |
(3) Series Offered : 1.75% 15 May 2041
| Jul 17 #955 | 26 Jun #953 | 23 May #948 | May 1 #945 | |
| 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 | 36 | 28 | 20 | 30 |
| Total Amount of Bids Received ($million) | 183 | 165 | 150 | 171 |
| Total Number of Successful Bids | 5 | 10 | 7 | 7 |
| Highest Yield Accepted (%) | 5.0325 | 4.9574 | 5.1700 | 5.1425 |
| Lowest Yield Accepted (%) | 5.0250 | 4.9425 | 5.1500 | 5.1350 |
| Highest Yield Rejected (%) | 5.1075 | 5.0225 | 5.2200 | 5.5075 |
| Lowest Yield Rejected (%) | 5.0375 | 4.9575 | 5.1700 | 5.1450 |
| Weighted Average Accepted Yield (%) | 5.0288 | 4.9505 | 5.1630 | 5.1395 |
| Weighted Average Rejected Yield (%) | 5.0553 | 4.9818 | 5.1920 | 5.1710 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 25.00 | 66.70 | 100.00 |
| Coverage ratio | 3.66 | 3.30 | 3.00 | 3.42 |
*Individual allotments may vary due to rounding.
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