Bonds
Latest bond tender of NZ$200 mln received bids for $767 mln with weighted average accepted yield of 1.3768%
4th Apr 13, 4:29pm
by
The New Zealand Debt Management Office (NZDMO) auctioned $200 million 20 September 2025 inflation-indexed New Zealand Government bonds today with a successful weighted average yield of 1.3768%.
Inflation is currently running at 0.95% which would mean a nominal yield of 2.3268%.
By comparison the yield on 10-year NZ government stock which is not inflation adjusted is trading at approximately 3.52% p.a.
This latest tender was also heavily over-subscribed with a coverage ratio of 3.835 times.
Details of the tender follows.
Tender Date: Thu, 4 Apr 2013
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tue, 9 Apr 2013
| Series Offered | 2.00% 20 Sept 2025 |
| Total Amount Offered ($million) | 200 |
| Total Amount Allocated ($million) | 200 |
| Total Number of Bids Received | 62 |
| Total Amount of Bids Received ($million) | 767 |
| Total Number of Successful Bids | 9 |
| Highest Yield Accepted (%) | 1.385 |
| Lowest Yield Accepted (%) | 1.350 |
| Highest Yield Rejected (%) | 1.700 |
| Lowest Yield Rejected (%) | 1.390 |
| Weighted Average Accepted Yield (%) | 1.3768 |
| Weighted Average Rejected Yield (%) | 1.4640 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 67 |
| Coverage Ratio | 3.835 |
*Individual allotments may vary due to rounding.
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