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NZ Govt Bond Tender #970; Tender Date 6 Nov 2025
6th Nov 25, 2:50pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 970 held on 6 Nov, 2025.
Tender Date: Thursday, 6 Nov, 2025.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 11 Nov 2025
(1) Series Offered : 3.00% 20 Apr 2029
| 6 Nov #959 | 14 Aug #959 | 24 Jul #956 | 10 Jul #954 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 225 | 200 | 225 | 250 |
| Total Amount Allocated ($million) | 225 | 200 | 225 | 250 |
| Total Number of Bids Received | 54 | 54 | 37 | 46 |
| Total Amount of Bids Received ($million) | 894 | 989 | 875 | 661 |
| Total Number of Successful Bids | 13 | 14 | 10 | 18 |
| Highest Yield Accepted (%) | 3.0725 | 3.4775 | 3.6600 | 3.6550 |
| Lowest Yield Accepted (%) | 3.0600 | 3.4625 | 3.6400 | 3.6375 |
| Highest Yield Rejected (%) | 3.1425 | 3.5525 | 3.7200 | 3.7225 |
| Lowest Yield Rejected (%) | 3.0725 | 3.4775 | 3.6600 | 3.6550 |
| Weighted Average Accepted Yield (%) | 3.0673 | 3.4731 | 3.6511 | 3.6485 |
| Weighted Average Rejected Yield (%) | 3.0974 | 3.4966 | 3.6792 | 3.6747 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 55.60 | 21.40 | 90.00 | 73.30 |
| Coverage ratio | 3.97 | 4.95 | 3.88 | 2.64 |
(2) Series Offered : 4.50% 15 May 2035
| 6 Nov #959 | 16 Oct #967 | Oct 2 #965 | Sep 4 #962 | |
| Series Offered : 4.50% 15 May 2035 | ||||
| Total Amount Offered ($million) | 175 | 200 | 200 | 225 |
| Total Amount Allocated ($million) | 175 | 200 | 200 | 225 |
| Total Number of Bids Received | 55 | 50 | 54 | 53 |
| Total Amount of Bids Received ($million) | 673 | 840 | 770 | 667 |
| Total Number of Successful Bids | 23 | 13 | 16 | 20 |
| Highest Yield Accepted (%) | 4.1375 | 3.9950 | 4.1875 | 4.4300 |
| Lowest Yield Accepted (%) | 4.1150 | 3.9850 | 4.1725 | 4.4175 |
| Highest Yield Rejected (%) | 4.1900 | 4.0625 | 4.2650 | 4.5175 |
| Lowest Yield Rejected (%) | 4.1375 | 3.9950 | 4.1875 | 4.4300 |
| Weighted Average Accepted Yield (%) | 4.1287 | 3.9923 | 4.1817 | 4.4241 |
| Weighted Average Rejected Yield (%) | 4.1560 | 4.0155 | 4.2151 | 4.4558 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 8.20 | 66.10 | 75.00 | 82.50 |
| Coverage ratio | 3.84 | 4.20 | 3.85 | 2.96 |
(3) Series Offered : 5.00% 15 May 2054
| 6 Nov #959 | Oct 30 #969 | Oct 23 #968 | 16 Oct #967 | |
| Series Offered : 5.00% 15 May 2054 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 25 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 25 |
| Total Number of Bids Received | 35 | 36 | 47 | 21 |
| Total Amount of Bids Received ($million) | 162 | 223 | 237 | 146 |
| Total Number of Successful Bids | 18 | 10 | 10 | 1 |
| Highest Yield Accepted (%) | 5.0300 | 5.0050 | 4.8750 | 4.9075 |
| Lowest Yield Accepted (%) | 5.0050 | 4.9950 | 4.8600 | 4.9075 |
| Highest Yield Rejected (%) | 5.0850 | 5.0700 | 4.9200 | 4.9600 |
| Lowest Yield Rejected (%) | 5.0300 | 5.0050 | 4.8750 | 4.9125 |
| Weighted Average Accepted Yield (%) | 5.0200 | 4.9993 | 4.8678 | 4.9075 |
| Weighted Average Rejected Yield (%) | 5.0485 | 5.0309 | 4.9025 | 4.9288 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 9.10 | 62.50 | 72.70 | 100.00 |
| Coverage ratio | .3.2 | 4.46 | 4.74 | 5.84 |
*Individual allotments may vary due to rounding.
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