Bonds
/ news
NZ Govt Bond Tender #994; Tender Date 29 May 2026
29th May 26, 2:50pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 994 held on 29 May 2026
Tender Date: Thursday, 29 May 2026
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 4 Jun 2026
(1) Series Offered : 3.00% 20 Apr 2029
| 29 May #994 | 19 Feb #980 | 6 Nov #959 | 14 Aug #959 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 225 | 200 | 225 | 200 |
| Total Amount Allocated ($million) | 2025 | 200 | 225 | 200 |
| Total Number of Bids Received | 30 | 30 | 54 | 54 |
| Total Amount of Bids Received ($million) | 600 | 887 | 894 | 989 |
| Total Number of Successful Bids | 14 | 12 | 13 | 14 |
| Highest Yield Accepted (%) | 3.7300 | 3.3575 | 3.0725 | 3.4775 |
| Lowest Yield Accepted (%) | 3.7150 | 3.3500 | 3.0600 | 3.4625 |
| Highest Yield Rejected (%) | 3.7650 | 3.3900 | 3.1425 | 3.5525 |
| Lowest Yield Rejected (%) | 3.7300 | 3.3575 | 3.0725 | 3.4775 |
| Weighted Average Accepted Yield (%) | 3.7230 | 3.3546 | 3.0673 | 3.4731 |
| Weighted Average Rejected Yield (%) | 3.7399 | 3.3734 | 3.0974 | 3.4966 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 12.50 | 34.20 | 55.60 | 21.40 |
| Coverage ratio | 2.67 | 4.43 | 3.97 | 4.95 |
(2) Series Offered : 4.25% 15 May 2036
| 29 May #994 | May 21 #993 | May 14 #992 | May 7 #991 | |
| Series Offered : 4.25% 15 May 2036 | ||||
| Total Amount Offered ($million) | 175 | 200 | 175 | 175 |
| Total Amount Allocated ($million) | 175 | 200 | 175 | 175 |
| Total Number of Bids Received | 43 | 38 | 48 | 56 |
| Total Amount of Bids Received ($million) | 670 | 465 | 691 | 702 |
| Total Number of Successful Bids | 11 | 18 | 12 | 12 |
| Highest Yield Accepted (%) | 4.5325 | 4.7175 | 4.7150 | 4.6150 |
| Lowest Yield Accepted (%) | 4.5200 | 4.7050 | 4.7050 | 4.6050 |
| Highest Yield Rejected (%) | 4.5875 | 4.7650 | 4.7975 | 4.6950 |
| Lowest Yield Rejected (%) | 4.5325 | 4.7175 | 4.7150 | 4.6150 |
| Weighted Average Accepted Yield (%) | 4.5274 | 4.7114 | 4.7121 | 4.6102 |
| Weighted Average Rejected Yield (%) | 4.5461 | 4.7386 | 4.7445 | 4.6454 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 63.60 | 5.00 | 80.00 | 70.00 |
| Coverage ratio | 3.82 | 2.32 | 3.94 | 4.01 |
(3) Series Offered : 5.00% 15 May 2054
| 29 May #994 | May 7 #991 | Apr 16 #988 | Feb 5 #978 | |
| Series Offered : 5.00% 15 May 2054 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 26 | 31 | 41 | 24 |
| Total Amount of Bids Received ($million) | 119 | 221 | 207 | 171 |
| Total Number of Successful Bids | 12 | 17 | 9 | 10 |
| Highest Yield Accepted (%) | 5.1375 | 5.1825 | 5.2550 | 5.1150 |
| Lowest Yield Accepted (%) | 5.1200 | 5.1600 | 5.2425 | 5.0950 |
| Highest Yield Rejected (%) | 5.1775 | 5.2325 | 5.3250 | 5.1675 |
| Lowest Yield Rejected (%) | 5.1375 | 5.1825 | 5.2550 | 5.1150 |
| Weighted Average Accepted Yield (%) | 5.1271 | 5.1730 | 5.2490 | 5.1097 |
| Weighted Average Rejected Yield (%) | 5.1569 | 5.2055 | 5.2845 | 5.1400 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 40.00 | 7.70 | 62.50 | 75.90 |
| Coverage ratio | 2.38 | 4.42 | 4.14 | 3.42 |
*Individual allotments may vary due to rounding.
We welcome your comments below. If you are not already registered, please register to comment
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.