$2.9 billion of bids

New Zealand’s Debt Management Office got about $2.9 billion of bids for the $900 million of government bonds sold in a tender today, underlining the appeal of the nation’s relatively attractive yields.

The DMO sold $300 million of 6 percent bonds maturing on Dec. 15, 2017, bonds at a weighted average yield of 3.33 percent.

It sold $300 million of 6 percent, March 15, 2019, bonds at a yield of 3.54 percent and $300 million of 5.5 percent April 15, 2023, bonds at a yield of 4.01 percent.

The 2017 bonds were the most popular, receiving bids of $1.58 billion, while the 2019s garnered $802 million and the 2023s attracted $535 million of bids.

The tender was the largest since September. The DMO has a target of $13.5 billion of debt sales this fiscal year but has slipped behind the run rate needed to meet that total by June 30.

The DMO has nine more sales scheduled before June 30.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations
CNU - Q4 FY25 Connections Update
MOVE FY25 Results and Investor Briefing 29 August 2025
RYM - First quarter trading update
July 11th Morning Report
IKE Announces equity raising of A$20 million
Chorus full year results date
FPH 2025 Notice of Annual Meeting and Voting Form
July 10th Morning Report