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NZ Govt Bond Tender #965; Tender Date 2 Oct 2025
2nd Oct 25, 2:45pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 965 held on 2 Oct, 2025.
Tender Date: Thursday, 2 Oct, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 7 Oct 2025
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Oct 2 #965 | Sep 25 #964 | Sep 18 #963 | Sep 4 #962 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 250 | 250 | 225 | 225 |
| Total Amount Allocated ($million) | 250 | 250 | 225 | 225 |
| Total Number of Bids Received | 50 | 54 | 60 | 52 |
| Total Amount of Bids Received ($million) | 917 | 1,140 | 768 | 986 |
| Total Number of Successful Bids | 22 | 15 | 18 | 11 |
| Highest Yield Accepted (%) | 3.3500 | 3.4025 | 3.4300 | 3.6100 |
| Lowest Yield Accepted (%) | 3.3250 | 3.3950 | 3.4175 | 3.6025 |
| Highest Yield Rejected (%) | 3.4400 | 3.4375 | 3.5450 | 3.7075 |
| Lowest Yield Rejected (%) | 3.3500 | 3.4025 | 3.4300 | 3.6100 |
| Weighted Average Accepted Yield (%) | 3.3388 | 3.4000 | 3.4232 | 3.6058 |
| Weighted Average Rejected Yield (%) | 3.3736 | 3.4158 | 3.4480 | 3.6282 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 20.00 | 65.20 | 27.30 | 71.40 |
| Coverage ratio | 3.66 | 4.56 | 3.41 | 4.38 |
(2) Series Offered : 4.50% 15 May 2035
| Oct 2 #965 | Sep 4 #962 | Aug 28 #961 | Aug 21 #960 | |
| Series Offered : 4.50% 15 May 2035 | ||||
| Total Amount Offered ($million) | 200 | 225 | 200 | 175 |
| Total Amount Allocated ($million) | 200 | 225 | 200 | 175 |
| Total Number of Bids Received | 54 | 53 | 42 | 45 |
| Total Amount of Bids Received ($million) | 770 | 667 | 920 | 545 |
| Total Number of Successful Bids | 16 | 20 | 9 | 23 |
| Highest Yield Accepted (%) | 4.1875 | 4.4300 | 4.3375 | 4.3700 |
| Lowest Yield Accepted (%) | 4.1725 | 4.4175 | 4.3300 | 4.3400 |
| Highest Yield Rejected (%) | 4.2650 | 4.5175 | 4.4100 | 4.4575 |
| Lowest Yield Rejected (%) | 4.1875 | 4.4300 | 4.3375 | 4.3700 |
| Weighted Average Accepted Yield (%) | 4.1817 | 4.4241 | 4.3334 | 4.3565 |
| Weighted Average Rejected Yield (%) | 4.2151 | 4.4558 | 4.3606 | 4.4006 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 75.00 | 82.50 | 77.80 | 60.00 |
| Coverage ratio | 3.85 | 2.96 | 4.60 | 3.11 |
*Individual allotments may vary due to rounding.
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