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NZ Govt Bond Tender #868; Tender Date 27 Jul 2023
27th Jul 23, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 868 held on Jul 26, 2023.
Tender Date: Thursday, Jul 27, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, 1 Aug 2023
(1) Series Offered : 0.50% 15 May 2026
| Jul 27 #868 | Jul 13 #866 | May 19 #859 | May 4 #857 | |
| Series Offered | ||||
| Total Amount offered ($million) | 225 | 250 | 200 | 200 |
| Total Amount Allocated ($million) | 225 | 250 | 200 | 200 |
| Total Number of bids Received | 49 | 39 | 35 | 38 |
| Total Amount of bids Received ($million) | 753 | 623 | 486 | 692 |
| Total Number of Successful bids | 14 | 12 | 20 | 5 |
| Highest Yield Accepted (%) | 4.9600 | 4.8450 | 4.7125 | 4.3275 |
| Lowest Yield Accepted (%) | 4.9475 | 4.8250 | 4.6750 | 4.3125 |
| Highest Yield Rejected (%) | 5.1225 | 5.1050 | 4.9425 | 4.4800 |
| Lowest Yield Rejected (%) | 4.9600 | 4.8328 | 4.7125 | 4.3275 |
| Weighted Average Accepted Yield (%) | 4.9505 | 4.9526 | 4.6924 | 4.3232 |
| Weighted Average Rejected Yield (%) | 5.0080 | 4.9526 | 4.8209 | 4.3689 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 17.30 | 50.00 | 26.50 | 50.00 |
| Coverage ratio | 3.35 | 2.49 | 2.43 | 3.46 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Jul 27 #868 | Jul 13 #866 | Dec 9 - #796 | Nov 25 - #794 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 225 | 150 | 200 | 200 |
| Total Amount Allocated ($million) | 225 | 150 | 200 | 200 |
| Total Number of Bids Received | 65 | 38 | 28 | 19 |
| Total Amount of Bids Received ($million) | 758 | 503 | 460 | 280 |
| Total Number of Successful Bids | 24 | 5 | 20 | 16 |
| Highest Yield Accepted (%) | 4.6500 | 4.5700 | 2.4525 | 2.3000 |
| Lowest Yield Accepted (%) | 4.6350 | 4.5575 | 2.4050 | 2.2550 |
| Highest Yield Rejected (%) | 4.9100 | 4.7475 | 2.4900 | 2.3200 |
| Lowest Yield Rejected (%) | 4.6500 | 4.5700 | 2.4550 | 2.3000 |
| Weighted Average Accepted Yield (%) | 4.6437 | 4.5658 | 2.4366 | 2.2800 |
| Weighted Average Rejected Yield (%) | 4.7300 | 4.6273 | 2.4690 | 2.3040 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 8.20 | 50.00 | 100.00. | 50.00 |
| Coverage ratio | 3.37 | 3.35 | 2.30 | 1.40 |
(3) Series Offered : 2.75% 15 May 2051
| Jul 27 #868 | Jul 13 #866 | Jun 29- #865 | Jun 15- #863 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 50 | 100 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 100 | 50 | 50 |
| Total Number of Bids Received | 34 | 52 | 30 | 35 |
| Total Amount of Bids Received ($million) | 200 | 371 | 146 | 196 |
| Total Number of Successful Bids | 1 | 4 | 14 | 7 |
| Highest Yield Accepted (%) | 4.7775 | 4.8050 | 4.6650 | 4.6075 |
| Lowest Yield Accepted (%) | 4.7775 | 4.7950 | 4.6400 | 4.5800 |
| Highest Yield Rejected (%) | 4.9125 | 5.0375 | 4.8550 | 4.7000 |
| Lowest Yield Rejected (%) | 4.7775 | 4.8050 | 4.6650 | 4.6075 |
| Weighted Average Accepted Yield (%) | 4.7775 | 4.7994 | 4.6520 | 4.5955 |
| Weighted Average Rejected Yield (%) | 4.8366 | 4.8732 | 4.7373 | 4.6446 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 83.30 | 80.00 | 20.00 | 50.00 |
| Coverage ratio | 4.00 | 3.71 | 2.9 | 3.92 |
*Individual allotments may vary due to rounding.
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