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NZ Govt Bond Tender #991; Tender Date 7 May 2026
7th May 26, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 991 held on 7 May 2026
Tender Date: Thursday, 7 May 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
| May 7- #991 | Apr 16- #988 | Apr 9- #987 | Mar 26- #985 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 225 | 225 | 275 | 200 |
| Total Amount Allocated ($million) | 225 | 225 | 275 | 200 |
| Total Number of Bids Received | 57 | 47 | 51 | 47 |
| Total Amount of Bids Received ($million) | 972 | 1,314 | 803 | 656 |
| Total Number of Successful Bids | 12 | 10 | 16 | 16 |
| Highest Yield Accepted (%) | 4.1200 | 4.1575 | 4.2400 | 4.2575 |
| Lowest Yield Accepted (%) | 4.1100 | 4.1525 | 4.2225 | 4.2325 |
| Highest Yield Rejected (%) | 4.2025 | 4.2150 | 4.3400 | 4.3150 |
| Lowest Yield Rejected (%) | 4.1200 | 4.1575 | 4.2400 | 4.2575 |
| Weighted Average Accepted Yield (%) | 4.1153 | 4.1548 | 4.2318 | 4.2452 |
| Weighted Average Rejected Yield (%) | 4.1521 | 4.1723 | 4.2781 | 4.2743 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 18.50 | 3.60 | 45.50 | 92.30 |
| Coverage ratio | 4.32 | 5.84 | 2.92 | 3.28 |
(2) Series Offered : 4.25% 15 May 2036
| May 7- #991 | Apr 16- #988 | Apr 2- #986 | Oct 23 #968 | |
| Series Offered : 4.25% 15 May 2036 | ||||
| Total Amount Offered ($million) | 175 | 175 | 225 | 175 |
| Total Amount Allocated ($million) | 175 | 175 | 225 | 175 |
| Total Number of Bids Received | 56 | 44 | 53 | 52 |
| Total Amount of Bids Received ($million) | 702 | 566 | 617 | 590 |
| Total Number of Successful Bids | 12 | 22 | 29 | 19 |
| Highest Yield Accepted (%) | 4.6150 | 4.6750 | 4.7125 | 4.0725 |
| Lowest Yield Accepted (%) | 4.6050 | 4.6450 | 4.6800 | 4.0550 |
| Highest Yield Rejected (%) | 4.6950 | 4.7700 | 4.7800 | 4.1325 |
| Lowest Yield Rejected (%) | 4.6150 | 4.6750 | 4.7125 | 4.0725 |
| Weighted Average Accepted Yield (%) | 4.6102 | 4.6666 | 4.6981 | 4.0650 |
| Weighted Average Rejected Yield (%) | 4.6454 | 4.7087 | 4.7387 | 4.0958 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 70.00 | 28.00 | 31.00 | 36.80 |
| Coverage ratio | 4.01 | 3.23 | 2.74 | 3.37 |
(3) Series Offered : 5.00% 15 May 2054
| May 7- #991 | 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 | 31 | 41 | 24 | 46 |
| Total Amount of Bids Received ($million) | 221 | 207 | 171 | 283 |
| Total Number of Successful Bids | 17 | 9 | 10 | 11 |
| Highest Yield Accepted (%) | 5.1825 | 5.2550 | 5.1150 | 5.1475 |
| Lowest Yield Accepted (%) | 5.1600 | 5.2425 | 5.0950 | 5.1350 |
| Highest Yield Rejected (%) | 5.2325 | 5.3250 | 5.1675 | 5.2800 |
| Lowest Yield Rejected (%) | 5.1825 | 5.2550 | 5.1150 | 5.1475 |
| Weighted Average Accepted Yield (%) | 5.1730 | 5.2490 | 5.1097 | 5.1403 |
| Weighted Average Rejected Yield (%) | 5.2055 | 5.2845 | 5.1400 | 5.1858 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 7.70 | 62.50 | 75.90 | 26.70 |
| Coverage ratio | 4.42 | 4.14 | 3.42 | 3.77 |
*Individual allotments may vary due to rounding.
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