Bonds
Latest bond tender of NZ$200 mln received bids for $454 mln with weighted average accepted yield of 1.4804% (versus 1.0971% previously)
11th Jun 13, 9:49am
by
The New Zealand Debt Management Office (NZDMO) auctioned $200 million 20 September 2025 inflation-indexed New Zealand Government bonds with a successful weighted average yield of 1.4804%.
Inflation is currently running at 0.95% which would mean a nominal yield of 2.4304%.
By comparison the yield on 10-year NZ government stock which is not inflation adjusted is trading at approximately 3.59% p.a.
This latest tender was also over-subscribed with a coverage ratio of 2.06 times.
Details of the tender follows.
Tender Date: Thu, 6 June 2013
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tue, 11 June 2013
| Current | Previous | |
| Series Offered | 2.00% 20 Sept 2025 | 2.00% 20 Sept 2025 |
| Total Amount Offered ($million) | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 |
| Total Number of Bids Received | 39 | 40 |
| Total Amount of Bids Received ($million) | 454 | 412 |
| Total Number of Successful Bids | 11 | 25 |
| Highest Yield Accepted (%) | 1.500 | 1.120 |
| Lowest Yield Accepted (%) | 1.450 | 1.080 |
| Highest Yield Rejected (%) | 1.780 | 1.200 |
| Lowest Yield Rejected (%) | 1.510 | 1.120 |
| Weighted Average Accepted Yield (%) | 1.4804 | 1.0971 |
| Weighted Average Rejected Yield (%) | 1.5578 | 1.1574 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 89 | 24 |
| Coverage Ratio | 2.27 | 2.06 |
*Individual allotments may vary due to rounding.
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