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NZ Govt Bond Tender #960; Tender Date 21 Aug 2025
21st Aug 25, 2:45pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 960 held on 21 Aug, 2025.
Tender Date: Thursday, 21 Aug, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 26 Aug 2025
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Aug 21 #960 | Aug 7 #958 | Jul 31 #957 | Jul 17 #955 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 225 | 225 | 275 | 200 |
| Total Amount Allocated ($million) | 225 | 225 | 275 | 200 |
| Total Number of Bids Received | 60 | 56 | 69 | 38 |
| Total Amount of Bids Received ($million) | 900 | 1,177 | 1,347 | 736 |
| Total Number of Successful Bids | 13 | 13 | 22 | 16 |
| Highest Yield Accepted (%) | 3.6100 | 3.7300 | 3.8175 | 3.8525 |
| Lowest Yield Accepted (%) | 3.5975 | 3.7150 | 3.7900 | 3.8275 |
| Highest Yield Rejected (%) | 3.7400 | 3.7825 | 3.8625 | 3.9050 |
| Lowest Yield Rejected (%) | 3.6100 | 3.7300 | 3.8175 | 3.8525 |
| Weighted Average Accepted Yield (%) | 3.6061 | 3.7231 | 3.8083 | 3.8413 |
| Weighted Average Rejected Yield (%) | 3.6449 | 3.7453 | 3.8307 | 3.8629 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 83.30 | 18.00 | 12.30 | 5.90 |
| Coverage ratio | 4.00 | 5.23 | 4.89 | 3.68 |
(2) Series Offered : 4.50% 15 May 2035
| Aug 21 #960 | Aug 7 #958 | 10 Jul #954 | 26 Jun #953 | |
| Series Offered : 4.50% 15 May 2035 | ||||
| Total Amount Offered ($million) | 175 | 175 | 200 | 175 |
| Total Amount Allocated ($million) | 175 | 175 | 200 | 175 |
| Total Number of Bids Received | 45 | 43 | 39 | 36 |
| Total Amount of Bids Received ($million) | 545 | 548 | 699 | 438 |
| Total Number of Successful Bids | 23 | 13 | 12 | 9 |
| Highest Yield Accepted (%) | 4.3700 | 4.4375 | 4.5250 | 4.5125 |
| Lowest Yield Accepted (%) | 4.3400 | 4.4175 | 4.5125 | 4.4900 |
| Highest Yield Rejected (%) | 4.4575 | 4.5075 | 4.5975 | 4.5975 |
| Lowest Yield Rejected (%) | 4.3700 | 4.4375 | 4.5250 | 4.5125 |
| Weighted Average Accepted Yield (%) | 4.3565 | 4.4281 | 4.5170 | 4.5042 |
| Weighted Average Rejected Yield (%) | 4.4006 | 4.4635 | 4.5479 | 4.5368 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 60.00 | 24.00 | 57.90 | 69.20 |
| Coverage ratio | 3.11 | 3.13 | 3.49 | 2.50 |
(3) Series Offered : 1.75% 15 May 2041
| Aug 21 #960 | Aug 7 #958 | Jul 17 #955 | 26 Jun #953 | |
| 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 | 26 | 44 | 36 | 28 |
| Total Amount of Bids Received ($million) | 167 | 333 | 183 | 165 |
| Total Number of Successful Bids | 11 | 6 | 5 | 10 |
| Highest Yield Accepted (%) | 4.8850 | 4.9250 | 5.0325 | 4.9574 |
| Lowest Yield Accepted (%) | 4.8775 | 4.9175 | 5.0250 | 4.9425 |
| Highest Yield Rejected (%) | 4.9450 | 4.9875 | 5.1075 | 5.0225 |
| Lowest Yield Rejected (%) | 4.8850 | 4.9250 | 5.0375 | 4.9575 |
| Weighted Average Accepted Yield (%) | 4.8811 | 4.9232 | 5.0288 | 4.9505 |
| Weighted Average Rejected Yield (%) | 4.9105 | 4.9467 | 5.0553 | 4.9818 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 43.81 | 75.00 | 100.00 | 25.00 |
| Coverage ratio | 3.34 | 6.66 | 3.66 | 3.30 |
*Individual allotments may vary due to rounding.
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