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NZ Govt Bond Tender #977; Tender Date 29 Jan 2026
29th Jan 26, 2:48pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 977 held on Jan 29, 2026.
Tender Date: Thursday, Jan 29, 2026.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 3 Feb 2025
(1) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Jan 29- #977 | Oct 9- #966 | Jan 30- #934 | Jan 25- #933 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 225 | 275 | 200 | 200 |
| Total Amount Allocated ($million) | 225 | 275 | 200 | 200 |
| Total Number of Bids Received | 54 | 41 | 49 | 42 |
| Total Amount of Bids Received ($million) | 1,001 | 858 | 651 | 780 |
| Total Number of Successful Bids | 21 | 12 | 18 | 7 |
| Highest Yield Accepted (%) | 4.0425 | 3.5225 | 4.1675 | 4.2475 |
| Lowest Yield Accepted (%) | 4.0225 | 3.5125 | 4.1350 | 4.2425 |
| Highest Yield Rejected (%) | 4.0925 | 3.6025 | 4.2600 | 4.3525 |
| Lowest Yield Rejected (%) | 4.0425 | 3.5225 | 4.1675 | 4.2475 |
| Weighted Average Accepted Yield (%) | 4.0359 | 3.5168 | 4.1588 | 4.2440 |
| Weighted Average Rejected Yield (%) | 4.0598 | 3.5432 | 4.1961 | 4.2770 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 41.40 | 44.80 | 81.70 | 50.00 |
| Coverage ratio | 4.44 | 3.12 | 3.25 | 3.90 |
(2) Series Offered : 3.50% 14 Apr 2033
| Jan 29- #977 | Dec 11 #974 | Sep 25 #964 | 23 May #948 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 175 | 200 | 200 | 150 |
| Total Amount Allocated ($million) | 175 | 200 | 200 | 150 |
| Total Number of Bids Received | 49 | 41 | 58 | 32 |
| Total Amount of Bids Received ($million) | 610 | 665 | 901 | 500 |
| Total Number of Successful Bids | 24 | 12 | 18 | 15 |
| Highest Yield Accepted (%) | 4.3100 | 4.2850 | 3.9850 | 4.4500 |
| Lowest Yield Accepted (%) | 4.2850 | 4.2675 | 3.9725 | 4.4300 |
| Highest Yield Rejected (%) | 4.3650 | 4.3775 | 4.0275 | 4.4950 |
| Lowest Yield Rejected (%) | 4.3100 | 4.2850 | 3.9850 | 4.4500 |
| Weighted Average Accepted Yield (%) | 4.3000 | 4.2772 | 3.9823 | 4.4420 |
| Weighted Average Rejected Yield (%) | 4.3202 | 4.3288 | 3.9996 | 4.4718 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 9.40 | 92.70 | 51.90 | 60.00 |
| Coverage ratio | 3.40 | 3.32 | 4.50 | 3.33 |
(3) Series Offered : 2.75% 15 May 2051
| Jan 29- #977 | Dec 1 #973 | 19 Jun #952 | 8 May #946 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 50 | 75 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 75 | 50 | 50 |
| Total Number of Bids Received | 31 | 41 | 23 | 32 |
| Total Amount of Bids Received ($million) | 237 | 392 | 176 | 172 |
| Total Number of Successful Bids | 14 | 3 | 2 | 13 |
| Highest Yield Accepted (%) | 5.1950 | 5.0975 | 5.2525 | 5.1350 |
| Lowest Yield Accepted (%) | 5.1625 | 5.0875 | 5.2475 | 5.1000 |
| Highest Yield Rejected (%) | 5.2325 | 5.1800 | 5.3375 | 5.1950 |
| Lowest Yield Rejected (%) | 5.1950 | 5.0975 | 5.2525 | 5.1350 |
| Weighted Average Accepted Yield (%) | 5.1812 | 5.0923 | 5.2495 | 5.1148 |
| Weighted Average Rejected Yield (%) | 5.2118 | 5.1310 | 5.2974 | 5.1522 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 60.00 | 88.50 | 66.70 | 25.00 |
| Coverage ratio | 4.74 | 5.23 | 5.52 | 3.44 |
*Individual allotments may vary due to rounding.
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