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Latest bond tender of NZ$200 mln received bids for $251 mln with weighted average accepted yield of 2.6314% (versus 2.8293% previously)

Bonds
Latest bond tender of NZ$200 mln received bids for $251 mln with weighted average accepted yield of 2.6314% (versus 2.8293% previously)

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 2.6314%.

Inflation is currently running at approximately 0.7% which would mean a nominal yield of 3.3314%.

By comparison the yield on 10-year NZ government stock (maturing 2023) which is not inflation adjusted is trading at approximately 4.58% p.a. (previously 4.69%)

This latest tender was also over-subscribed with a coverage ratio of 1.255 times.

  Current Previous
Series Offered 2.00% 20 Sept 2025 2.00% 20 Sept 2025
Total Amount Offered ($million) 200 300
Total Amount Allocated ($million) 200 300
Total Number of Bids Received 51 70
Total Amount of Bids Received ($million) 251 703
Total Number of Successful Bids 40 27
Highest Yield Accepted (%) 2.700 2.860
Lowest Yield Accepted (%) 2.590 2.800
Highest Yield Rejected (%) 2.890 3.250
Lowest Yield Rejected (%) 2.700 2.860
Weighted Average Accepted Yield (%) 2.6314 2.8293
Weighted Average Rejected Yield (%) 2.7369 2.9550
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 90 27
Coverage Ratio 1.2550 2.3433

*Individual allotments may vary due to rounding.

Tender Date: Thu, 3 October 2013

Settlement Date: Tue, 8 October 2013

 

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