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NZ Govt Bond Tender #998; Tender Date 25 Jun 2026
25th Jun 26, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 998 held on 25 Jun 2026
Tender Date: Thursday, 25 Jun 2026.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 23 Jun 2026
(1) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| 25 Jun #998 | 18 Jun #997 | 16 Oct #967 | 5 Feb #935 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 225 | 250 | 225 | 225 |
| Total Amount Allocated ($million) | 225 | 250 | 225 | 225 |
| Total Number of Bids Received | 35 | 28 | 41 | 51 |
| Total Amount of Bids Received ($million) | 785 | 845 | 904 | 882 |
| Total Number of Successful Bids | 19 | 11 | 9 | 10 |
| Highest Yield Accepted (%) | 3.9525 | 4.0175 | 3.6050 | 4.2600 |
| Lowest Yield Accepted (%) | 3.9400 | 4.0100 | 3.5925 | 4.2500 |
| Highest Yield Rejected (%) | 3.9950 | 4.0725 | 3.6750 | 4.3350 |
| Lowest Yield Rejected (%) | 3.9525 | 4.0175 | 3.6050 | 4.2600 |
| Weighted Average Accepted Yield (%) | 3.9464 | 4.0125 | 3.5982 | 4.2563 |
| Weighted Average Rejected Yield (%) | 3.9719 | 4.0336 | 3.6192 | 4.2799 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 26.30 | 35.70 | 26.10 | 47.60 |
| Coverage ratio | 3.49 | 3.38 | 4.02 | 3.92 |
(2) Series Offered : 4.25% 15 May 2034
| 25 Jun #998 | 18 Jun #997 | Apr 23- #989 | Apr 9- #987 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 175 | 200 | 150 | 175 |
| Total Amount Allocated ($million) | 175 | 200 | 150 | 175 |
| Total Number of Bids Received | 32 | 29 | 35 | 47 |
| Total Amount of Bids Received ($million) | 580 | 735 | 444 | 486 |
| Total Number of Successful Bids | 15 | 7 | 11 | 19 |
| Highest Yield Accepted (%) | 4.1500 | 4.2225 | 4.5550 | 4.5600 |
| Lowest Yield Accepted (%) | 4.1425 | 4.2150 | 4.5300 | 4.5325 |
| Highest Yield Rejected (%) | 4.1900 | 4.2900 | 4.6275 | 4.6600 |
| Lowest Yield Rejected (%) | 4.1500 | 4.2225 | 4.5550 | 4.5600 |
| Weighted Average Accepted Yield (%) | 4.1466 | 4.2184 | 4.5453 | 4.5478 |
| Weighted Average Rejected Yield (%) | 4.1700 | 4.2456 | 4.5774 | 4.5972 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 66.70 | 50.00 | 50.00 | 83.30 |
| Coverage ratio | 3.31 | 3.67 | 2.96 | 2.77 |
(3) Series Offered : 2.75% 15 May 2051
| 25 Jun #998 | May 14- #992 | Mar 26- #985 | Jan 29- #977 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 27 | 36 | 40 | 31 |
| Total Amount of Bids Received ($million) | 199 | 214 | 207 | 237 |
| Total Number of Successful Bids | 7 | 4 | 9 | 14 |
| Highest Yield Accepted (%) | 4.9650 | 5.2900 | 5.3225 | 5.1950 |
| Lowest Yield Accepted (%) | 4.9575 | 5.2825 | 5.3075 | 5.1625 |
| Highest Yield Rejected (%) | 5.0050 | 5.3700 | 5.3950 | 5.2325 |
| Lowest Yield Rejected (%) | 4.9650 | 5.2900 | 5.3225 | 5.1950 |
| Weighted Average Accepted Yield (%) | 4.9615 | 5.2856 | 5.3127 | 5.1812 |
| Weighted Average Rejected Yield (%) | 4.9909 | 5.3157 | 5.3545 | 5.2118 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 87.00 | 30.00 | 33.30 | 60.00 |
| Coverage ratio | 3.98 | 4.28 | 4.14 | 4.74 |
*Individual allotments may vary due to rounding.
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