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NZ Govt Bond Tender #983; Tender Date 12 Mar 2026
12th Mar 26, 2:45pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 983 held on 9 Mar 2026
Tender Date: Thursday, 12 Mar 2026
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 17 Mar 2025
(1) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Mar 12- #983 | Mar 5- #982 | Feb 26- #981 | Feb 12- #979 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 250 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 250 |
| Total Number of Bids Received | 36 | 48 | 53 | 46 |
| Total Amount of Bids Received ($million) | 950 | 1,244 | 1,238 | 1,030 |
| Total Number of Successful Bids | 16 | 13 | 22 | 20 |
| Highest Yield Accepted (%) | 4.1175 | 3.8975 | 3.7950 | 3.9850 |
| Lowest Yield Accepted (%) | 4.1075 | 3.8850 | 3.7800 | 3.9700 |
| Highest Yield Rejected (%) | 4.1650 | 3.9525 | 3.8425 | 4.0250 |
| Lowest Yield Rejected (%) | 4.1175 | 3.8975 | 3.7950 | 3.9850 |
| Weighted Average Accepted Yield (%) | 4.1118 | 3.8914 | 3.7906 | 3.9773 |
| Weighted Average Rejected Yield (%) | 4.1414 | 3.9156 | 3.8142 | .4.0005 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 9.50 | 59.10 | 39.50 | 21.70 |
| Coverage ratio | 3.80 | 4.97 | 4.95 | 4.12 |
(2) Series Offered : 4.25% 15 May 2034
| Mar 12- #983 | Feb 26- #981 | Feb 5 #978 | Nov 27 #972 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 150 | 200 | 175 | 225 |
| Total Amount Allocated ($million) | 150 | 200 | 175 | 225 |
| Total Number of Bids Received | 37 | 52 | 52 | 59 |
| Total Amount of Bids Received ($million) | 576 | 924 | 663 | 1,228 |
| Total Number of Successful Bids | 14 | 19 | 14 | 7 |
| Highest Yield Accepted (%) | 4.4700 | 4.1675 | 4.3375 | 4.1000 |
| Lowest Yield Accepted (%) | 4.4600 | 4.1525 | 4.3175 | 4.0900 |
| Highest Yield Rejected (%) | 4.5125 | 4.2275 | 4.3925 | 4.2000 |
| Lowest Yield Rejected (%) | 4.4700 | 4.1675 | 4.3375 | 4.1000 |
| Weighted Average Accepted Yield (%) | 4.4643 | 4.1602 | 4.3304 | 4.0940 |
| Weighted Average Rejected Yield (%) | 4.4928 | 4.1856 | 4.3588 | 4.1292 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 27.30 | 2.40 | 93.80 | 64.70 |
| Coverage ratio | 3.84 | 4.62 | 3.78 | 5.45 |
(3) Series Offered : 1.75% 15 May 2041
| Mar 12- #983 | Aug 21 #960 | Aug 7 #958 | Jul 17 #955 | |
| 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 | 26 | 44 | 36 |
| Total Amount of Bids Received ($million) | 316 | 167 | 333 | 183 |
| Total Number of Successful Bids | 2 | 11 | 6 | 5 |
| Highest Yield Accepted (%) | 4.9900 | 4.8850 | 4.9250 | 5.0325 |
| Lowest Yield Accepted (%) | 4.9875 | 4.8775 | 4.9175 | 5.0250 |
| Highest Yield Rejected (%) | 5.0550 | 4.9450 | 4.9875 | 5.1075 |
| Lowest Yield Rejected (%) | 4.9950 | 4.8850 | 4.9250 | 5.0375 |
| Weighted Average Accepted Yield (%) | 4.9885 | 4.8811 | 4.9232 | 5.0288 |
| Weighted Average Rejected Yield (%) | 5.0137 | 4.9105 | 4.9467 | 5.0553 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 43.81 | 75.00 | 100.00 |
| Coverage ratio | 6.32 | 3.34 | 6.66 | 3.66 |
*Individual allotments may vary due to rounding.
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