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NZ Govt Bond Tender #966; Tender Date 9 Oct 2025
9th Oct 25, 2:50pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 966 held on Oct 9, 2025.
Tender Date: Thursday, Oct 9, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 14 Oct 2025
(1) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Oct 9- #966 | Jan 30- #934 | Jan 25- #933 | Oct 17- #924 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 275 | 200 | 200 | 175 |
| Total Amount Allocated ($million) | 275 | 200 | 200 | 175 |
| Total Number of Bids Received | 41 | 49 | 42 | 30 |
| Total Amount of Bids Received ($million) | 858 | 651 | 780 | 402 |
| Total Number of Successful Bids | 12 | 18 | 7 | 13 |
| Highest Yield Accepted (%) | 3.5225 | 4.1675 | 4.2475 | 4.1950 |
| Lowest Yield Accepted (%) | 3.5125 | 4.1350 | 4.2425 | 4.1750 |
| Highest Yield Rejected (%) | 3.6025 | 4.2600 | 4.3525 | 4.2750 |
| Lowest Yield Rejected (%) | 3.5225 | 4.1675 | 4.2475 | 4.1950 |
| Weighted Average Accepted Yield (%) | 3.5168 | 4.1588 | 4.2440 | 4.1892 |
| Weighted Average Rejected Yield (%) | 3.5432 | 4.1961 | 4.2770 | 4.2160 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 44.80 | 81.70 | 50.00 | 58.50 |
| Coverage ratio | 3.12 | 3.25 | 3.90 | 2.29 |
(2) Series Offered : 4.25% 15 May 2034
| Oct 9- #966 | Sep 18 #963 | Jul 31 #957 | May 1 #945 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 175 | 225 | 175 | 150 |
| Total Amount Allocated ($million) | 175 | 225 | 175 | 150 |
| Total Number of Bids Received | 43 | 64 | 66 | 49 |
| Total Amount of Bids Received ($million) | 1,090 | 725 | 651 | 458 |
| Total Number of Successful Bids | 5 | 23 | 15 | 17 |
| Highest Yield Accepted (%) | 3.9950 | 4.1400 | 4.4100 | 4.3725 |
| Lowest Yield Accepted (%) | 3.9850 | 4.1200 | 4.3950 | 4.3525 |
| Highest Yield Rejected (%) | 4.0375 | 4.2500 | 4.4650 | 4.4850 |
| Lowest Yield Rejected (%) | 3.9950 | 4.1400 | 4.4100 | 4.3725 |
| Weighted Average Accepted Yield (%) | 3.9850 | 4.1284 | 4.4053 | 4.3646 |
| Weighted Average Rejected Yield (%) | 4.0375 | 4.1618 | 4.4363 | 4.4104 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 4.01 | 4.30 | 52.90 | 77.50 |
| Coverage ratio | 6.22 | 3.22 | 3.72 | 3.05 |
*Individual allotments may vary due to rounding.
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