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NZGBs Auction Results: 7yr, 10yr & 15yr

BONDS

The NZ Treasury sells 2031, 2034 & 2037 bonds.

NZ$275mn of the 1.5% 15 May 2031 bond

  • Average Yield (%): 4.6725 (prev. 4.5959)
  • High Yield (%): 4.6725 (prev. 4.465)
  • Bid/Cover: 2.4545 (prev. 2.460)
  • Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield (%): 100
  • Bidders: 24 vs 29 prior, Total successful: 1 vs 15 prior, total Amount Of Bids Received: $675m vs $615m prior

NZ$175mn of the 4.25% 15 May 2034 bond

  • Average Yield (%): 4.8075 (prev. 4.5684)
  • High Yield (%): 4.8075 (prev. 4.5900)
  • Bid/Cover: 2.60 (prev. 1.420)
  • Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield (%): 87.50
  • Bidders: 29 vs 25 prior, Total successful: 2 vs 22 prior, total Amount Of Bids Received: $455 vs $355m prior

NZ$50mn of the 2.75% 15 Apr 2037 bond

  • Average Yield (%): 4.9342 (prev. 4.9499)
  • High Yield (%): 4.94 (prev. 4.9575)
  • Bid/Cover: 3.04 (prev. 2.200)
  • Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield (%): 28.60
  • Bidders: 14 vs 30 prior, Total successful: 4 vs 18 prior, total Amount Of Bids Received: $152, vs $165m

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