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NZ Govt Bond Tender #989; Tender Date 23 Apr 2026
23rd Apr 26, 2:45pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 989 held on 23 Apr 2026
Tender Date: Thursday, 23 Apr 2026
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 29 Apr 2025
(1) Series Offered : 4.50% 15 May 2030
| Apr 23- #989 | Apr 2- #986 | Feb 5 #978 | Jan 22 #976 | |
| Series Offered : 4.50% 14 Apr 2030 | ||||
| Total Amount Offered ($million) | 250 | 225 | 225 | 225 |
| Total Amount Allocated ($million) | 250 | 225 | 225 | 225 |
| Total Number of Bids Received | 40 | 59 | 53 | 54 |
| Total Amount of Bids Received ($million) | 1,043 | 747 | 965 | 987 |
| Total Number of Successful Bids | 9 | 21 | 9 | 13 |
| Highest Yield Accepted (%) | .4.0075 | .4.0000 | 3.7475 | 3.7300 |
| Lowest Yield Accepted (%) | .4.0000 | 3.9800 | 3.7350 | 3.7075 |
| Highest Yield Rejected (%) | .4.0825 | 4.0850 | 3.8175 | 3.8225 |
| Lowest Yield Rejected (%) | .4.0075 | 4.0000 | 3.7500 | 3.7300 |
| Weighted Average Accepted Yield (%) | .4.0039 | 3.9927 | 3.7422 | 3.7225 |
| Weighted Average Rejected Yield (%) | .4.0369 | 4.0268 | 3.7753 | 3.7579 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | .82.40 | 23.50 | 100.00 | 45.50 |
| Coverage ratio | .4.17 | 3.32 | 4.29 | 4.38 |
(2) Series Offered : 4.25% 15 May 2034
| Apr 23- #989 | Apr 9- #987 | Mar 12- #983 | Feb 26- #981 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 150 | 175 | 150 | 200 |
| Total Amount Allocated ($million) | 150 | 175 | 150 | 200 |
| Total Number of Bids Received | 35 | 47 | 37 | 52 |
| Total Amount of Bids Received ($million) | 444 | 486 | 576 | 924 |
| Total Number of Successful Bids | 11 | 19 | 14 | 19 |
| Highest Yield Accepted (%) | 4.5550 | 4.5600 | 4.4700 | 4.1675 |
| Lowest Yield Accepted (%) | 4.5300 | 4.5325 | 4.4600 | 4.1525 |
| Highest Yield Rejected (%) | 4.6275 | 4.6600 | 4.5125 | 4.2275 |
| Lowest Yield Rejected (%) | 4.5550 | 4.5600 | 4.4700 | 4.1675 |
| Weighted Average Accepted Yield (%) | 4.5453 | 4.5478 | 4.4643 | 4.1602 |
| Weighted Average Rejected Yield (%) | 4.5774 | 4.5972 | 4.4928 | 4.1856 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 83.30 | 27.30 | 2.40 |
| Coverage ratio | 2.96 | 2.77 | 3.84 | 4.62 |
(3) Series Offered : 5.00% 15 May 2054
| Apr 23- #989 | Apr 16- #988 | Feb 5- #978 | Dec 11 #974 | |
| Series Offered : 5.00% 15 May 2054 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 75 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 75 |
| Total Number of Bids Received | 28 | 41 | 24 | 46 |
| Total Amount of Bids Received ($million) | 169 | 207 | 171 | 283 |
| Total Number of Successful Bids | 11 | 9 | 10 | 11 |
| Highest Yield Accepted (%) | 5.3075 | 5.2550 | 5.1150 | 5.1475 |
| Lowest Yield Accepted (%) | 5.2800 | 5.2425 | 5.0950 | 5.1350 |
| Highest Yield Rejected (%) | 5.3850 | 5.3250 | 5.1675 | 5.2800 |
| Lowest Yield Rejected (%) | 5.3075 | 5.2550 | 5.1150 | 5.1475 |
| Weighted Average Accepted Yield (%) | 5.2955 | 5.2490 | 5.1097 | 5.1403 |
| Weighted Average Rejected Yield (%) | 5.3321 | 5.2845 | 5.1400 | 5.1858 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 62.50 | 75.90 | 26.70 |
| Coverage ratio | 3.38 | 4.14 | 3.42 | 3.77 |
*Individual allotments may vary due to rounding.
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