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NZ Govt Bond Tender #870; Tender Date 10 Aug 2023
10th Aug 23, 2:45pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 870 held on Aug 10, 2023.
Tender Date: Thursday, Aug 10, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, 15 Aug 2023
(1) Series Offered : 0.50% 15 May 2026
| Aug 10 #870 | Jul 27 #868 | Jul 13 #866 | May 19 #859 | |
| Series Offered | ||||
| Total Amount offered ($million) | 275 | 225 | 250 | 200 |
| Total Amount Allocated ($million) | 275 | 225 | 250 | 200 |
| Total Number of bids Received | 45 | 49 | 39 | 35 |
| Total Amount of bids Received ($million) | 762 | 753 | 623 | 486 |
| Total Number of Successful bids | 28 | 14 | 12 | 20 |
| Highest Yield Accepted (%) | 5.0750 | 4.9600 | 4.8450 | 4.7125 |
| Lowest Yield Accepted (%) | 5.0450 | 4.9475 | 4.8250 | 4.6750 |
| Highest Yield Rejected (%) | 5.3075 | 5.1225 | 5.1050 | 4.9425 |
| Lowest Yield Rejected (%) | 5.0750 | 4.9600 | 4.8328 | 4.7125 |
| Weighted Average Accepted Yield (%) | 5.0600 | 4.9505 | 4.9526 | 4.6924 |
| Weighted Average Rejected Yield (%) | 5.1682 | 5.0080 | 4.9526 | 4.8209 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 34.30 | 17.30 | 50.00 | 26.50 |
| Coverage ratio | 2.77 | 3.35 | 2.49 | 2.43 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Aug 10 #870 | Jul 20- #867 | May 19 #859 | May 4 #857 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 150 | 225 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 225 | 150 | 150 |
| Total Number of Bids Received | 47 | 53 | 51 | 48 |
| Total Amount of Bids Received ($million) | 452 | 532 | 769 | 519 |
| Total Number of Successful Bids | 23 | 35 | 3 | 24 |
| Highest Yield Accepted (%) | 4.8150 | 4.5750 | 4.4075 | 4.1475 |
| Lowest Yield Accepted (%) | 4.7925 | 4.5325 | 4.3950 | 4.1050 |
| Highest Yield Rejected (%) | 5.0550 | 4.7650 | 4.6775 | 4.2925 |
| Lowest Yield Rejected (%) | 4.8150 | 4.5750 | 4.4100 | 4.1475 |
| Weighted Average Accepted Yield (%) | 4.8033 | 4.5602 | 4.4046 | 4.1336 |
| Weighted Average Rejected Yield (%) | 4.8987 | 4.6581 | 4.4739 | 4.1934 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 12.90 | 77.80 | 100.00 | 48.10 |
| Coverage ratio | 3.01 | 2.36 | 5.13 | 3.46 |
(3) Series Offered : 2.75% 15 Apr 2037
| Aug 10 #870 | Jul 20- #867 | Jun 22- #864 | Jun 8- #862 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 75 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 75 | 50 | 50 | 50 |
| Total Number of Bids Received | 32 | 25 | 29 | 23 |
| Total Amount of Bids Received ($million) | 162 | 158 | 199 | 164 |
| Total Number of Successful Bids | 15 | 5 | 8 | 5 |
| Highest Yield Accepted (%) | 4.9500 | 4.6950 | 4.6350 | 4.7000 |
| Lowest Yield Accepted (%) | 4.9300 | 4.6850 | 4.6050 | 4.6850 |
| Highest Yield Rejected (%) | 5.1000 | 4.7700 | 4.8050 | 4.7950 |
| Lowest Yield Rejected (%) | 4.9500 | 4.6950 | 4.6350 | 4.7000 |
| Weighted Average Accepted Yield (%) | 4.9388 | 4.6912 | 4.6260 | 4.6910 |
| Weighted Average Rejected Yield (%) | 4.9993 | 4.7203 | 4.6748 | 4.7391 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 12.50 | 96.00 | 66.70 | 33.30 |
| Coverage ratio | 2.16 | 3.16 | 3.98 | 3.28 |
*Individual allotments may vary due to rounding.
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