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NZ Govt Bond Tender #988; Tender Date 16 Apr 2026
16th Apr 26, 3:35pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 988 held on 16 Apr 2026
Tender Date: Thursday, 16 Apr 2026
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 21 Apr 2026
(1) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Apr 16- #988 | Apr 9- #987 | Mar 26- #985 | Mar 19- #984 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 225 | 275 | 200 | 250 |
| Total Amount Allocated ($million) | 225 | 275 | 200 | 250 |
| Total Number of Bids Received | 47 | 51 | 47 | 43 |
| Total Amount of Bids Received ($million) | 1,314 | 803 | 656 | 694 |
| Total Number of Successful Bids | 10 | 16 | 16 | 8 |
| Highest Yield Accepted (%) | 4.1575 | 4.2400 | 4.2575 | 4.1700 |
| Lowest Yield Accepted (%) | 4.1525 | 4.2225 | 4.2325 | 4.1600 |
| Highest Yield Rejected (%) | 4.2150 | 4.3400 | 4.3150 | 4.2800 |
| Lowest Yield Rejected (%) | 4.1575 | 4.2400 | 4.2575 | 4.1700 |
| Weighted Average Accepted Yield (%) | 4.1548 | 4.2318 | 4.2452 | 4.1644 |
| Weighted Average Rejected Yield (%) | 4.1723 | 4.2781 | 4.2743 | 4.1992 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 3.60 | 45.50 | 92.30 | 73.30 |
| Coverage ratio | 5.84 | 2.92 | 3.28 | 2.77 |
(2) Series Offered : 4.25% 15 May 2036
| Apr 16- #988 | Apr 2- #986 | Oct 23 #968 | Jul 17 #955 | |
| Series Offered : 4.25% 15 May 2036 | ||||
| Total Amount Offered ($million) | 175 | 225 | 175 | 200 |
| Total Amount Allocated ($million) | 175 | 225 | 175 | 200 |
| Total Number of Bids Received | 44 | 53 | 52 | 42 |
| Total Amount of Bids Received ($million) | 566 | 617 | 590 | 565 |
| Total Number of Successful Bids | 22 | 29 | 19 | 16 |
| Highest Yield Accepted (%) | 4.6750 | 4.7125 | 4.0725 | 4.6650 |
| Lowest Yield Accepted (%) | 4.6450 | 4.6800 | 4.0550 | 4.6425 |
| Highest Yield Rejected (%) | 4.7700 | 4.7800 | 4.1325 | 4.7325 |
| Lowest Yield Rejected (%) | 4.6750 | 4.7125 | 4.0725 | 4.6650 |
| Weighted Average Accepted Yield (%) | 4.6666 | 4.6981 | 4.0650 | 4.6582 |
| Weighted Average Rejected Yield (%) | 4.7087 | 4.7387 | 4.0958 | 4.6874 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 28.00 | 31.00 | 36.80 | 63.60 |
| Coverage ratio | 3.23 | 2.74 | 3.37 | 2.82 |
(3) Series Offered : 5.00% 15 May 2054
| Apr 16- #988 | Feb 5- #978 | Dec 11 #974 | Nov 13 #969 | |
| Series Offered : 5.00% 15 May 2054 | ||||
| Total Amount Offered ($million) | 50 | 50 | 75 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 75 | 50 |
| Total Number of Bids Received | 41 | 24 | 46 | 31 |
| Total Amount of Bids Received ($million) | 207 | 171 | 283 | 150 |
| Total Number of Successful Bids | 9 | 10 | 11 | 20 |
| Highest Yield Accepted (%) | 5.2550 | 5.1150 | 5.1475 | 5.0600 |
| Lowest Yield Accepted (%) | 5.2425 | 5.0950 | 5.1350 | 5.0350 |
| Highest Yield Rejected (%) | 5.3250 | 5.1675 | 5.2800 | 5.1100 |
| Lowest Yield Rejected (%) | 5.2550 | 5.1150 | 5.1475 | 5.0600 |
| Weighted Average Accepted Yield (%) | 5.2490 | 5.1097 | 5.1403 | 5.0497 |
| Weighted Average Rejected Yield (%) | 5.2845 | 5.1400 | 5.1858 | 5.0730 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 62.50 | 75.90 | 26.70 | 21.90 |
| Coverage ratio | 4.14 | 3.42 | 3.77 | 3.00 |
*Individual allotments may vary due to rounding.
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