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NZ Govt Bond Tender #956; Tender Date 24 Jul 2025
24th 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 24 Jul, 2025.
Tender Date: Thursday, 24 Jul, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 29 Jul 2025
(1) Series Offered : 3.00% 20 Apr 2029
| 24 Jul #956 | 10 Jul #954 | 19 Jun #952 | 5 Jun #950 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 225 | 250 | 225 | 200 |
| Total Amount Allocated ($million) | 225 | 250 | 225 | 200 |
| Total Number of Bids Received | 37 | 46 | 40 | 44 |
| Total Amount of Bids Received ($million) | 875 | 661 | 817 | 1,060 |
| Total Number of Successful Bids | 10 | 18 | 10 | 13 |
| Highest Yield Accepted (%) | 3.6600 | 3.6550 | 3.7775 | 3.7225 |
| Lowest Yield Accepted (%) | 3.6400 | 3.6375 | 3.7650 | 3.7000 |
| Highest Yield Rejected (%) | 3.7200 | 3.7225 | 3.8625 | 3.8175 |
| Lowest Yield Rejected (%) | 3.6600 | 3.6550 | 3.7800 | 3.7225 |
| Weighted Average Accepted Yield (%) | 3.6511 | 3.6485 | 3.7719 | 3.7131 |
| Weighted Average Rejected Yield (%) | 3.6792 | 3.6747 | 3.8067 | 3.7445 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 90.00 | 73.30 | 100.00 | 4.20 |
| Coverage ratio | 3.88 | 2.64 | 3.60 | 5.30 |
(2) Series Offered : 2.75% 15 Apr 2037
| 24 Jul #956 | 19 Jun #952 | 12 Dec #931 | 5 Dec #930 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 175 | 175 | 25 | 50 |
| Total Amount Allocated ($million) | 175 | 175 | 25 | 50 |
| Total Number of Bids Received | 42 | 45 | 15 | 22 |
| Total Amount of Bids Received ($million) | 486 | 622 | 93 | 141 |
| Total Number of Successful Bids | 26 | 11 | 2 | 10 |
| Highest Yield Accepted (%) | 4.8100 | 4.8000 | 4.6525 | 4.6250 |
| Lowest Yield Accepted (%) | 4.7750 | 4.7875 | 4.6425 | 4.5950 |
| Highest Yield Rejected (%) | 4.8550 | 4.8650 | 4.7175 | 4.6975 |
| Lowest Yield Rejected (%) | 4.8100 | 4.8000 | 4.6575 | 4.6250 |
| Weighted Average Accepted Yield (%) | 4.7976 | 4.7953 | 4.6445 | 4.6118 |
| Weighted Average Rejected Yield (%) | 4.8294 | 4.8219 | 4.6844 | 4.6493 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 41.70 | 20.70 | 100.00 | 50.00 |
| Coverage ratio | 2.77 | 3.55 | 3.72 | 2.82 |
(3) Series Offered : 5.00% 15 May 2054
| 24 Jul #956 | 5 Jun #950 | May 1 #945 | Mar 20 #940 | |
| Series Offered : 5.00% 15 May 2054 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 35 | 41 | 32 | 31 |
| Total Amount of Bids Received ($million) | 181 | 160 | 142 | 242 |
| Total Number of Successful Bids | 14 | 18 | 16 | 8 |
| Highest Yield Accepted (%) | 5.300 | 5.2675 | 5.2050 | 5.1950 |
| Lowest Yield Accepted (%) | 5.2750 | 5.2475 | 5.1775 | 5.1800 |
| Highest Yield Rejected (%) | 5.3800 | 5.3300 | 5.2675 | 5.2675 |
| Lowest Yield Rejected (%) | 5.3025 | 5.2675 | 5.2050 | 5.1950 |
| Weighted Average Accepted Yield (%) | 5.2905 | 5.2574 | 5.1969 | 5.1898 |
| Weighted Average Rejected Yield (%) | 5.3234 | 5.2871 | 5.2288 | 5.2256 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 9.10 | 60.90 | 52.00 |
| Coverage ratio | 3.62 | 3.20 | 2.84 | 4.84 |
*Individual allotments may vary due to rounding.
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