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NZ Govt Bond Tender #872; Tender Date 24 Aug 2023
24th Aug 23, 2:35pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 872 held on Aug 24, 2023.
Tender Date: Thursday, Aug 24, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, 29 Aug 2023
(1) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| Aug 24 #872 | Mar 23- #851 | Feb 23- #848 | Feb 9- #846 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount offered ($million) | 250 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 250 | 200 | 200 | 188 |
| Total Number of bids Received | 34 | 47 | 32 | 28 |
| Total Amount of bids Received ($million) | 342 | 558 | 491 | 188 |
| Total Number of Successful bids | 31 | 19 | 21 | 28 |
| Highest Yield Accepted (%) | 5.0950 | 4.2500 | 4.6875 | 4.1500 |
| Lowest Yield Accepted (%) | 5.0400 | 4.2275 | 4.6325 | 4.0625 |
| Highest Yield Rejected (%) | 5.1650 | 4.5500 | 4.8375 | |
| Lowest Yield Rejected (%) | 5.0950 | 4.2500 | 4.6875 | |
| Weighted Average Accepted Yield (%) | 5.0631 | 4.2385 | 4.6544 | 4.0973 |
| Weighted Average Rejected Yield (%) | 5.1358 | 4.3455 | 4.7100 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 71.70 | 62.50 | 38.00 | 100.00 |
| Coverage ratio | 1.38 | 2.79 | 2.45 | 0.94 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Aug 24 #872 | Aug 10 #870 | Jul 20- #867 | May 19 #859 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 150 | 150 | 225 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 225 | 150 |
| Total Number of Bids Received | 42 | 47 | 53 | 51 |
| Total Amount of Bids Received ($million) | 467 | 452 | 532 | 769 |
| Total Number of Successful Bids | 20 | 23 | 35 | 3 |
| Highest Yield Accepted (%) | 4.9800 | 4.8150 | 4.5750 | 4.4075 |
| Lowest Yield Accepted (%) | 4.9525 | 4.7925 | 4.5325 | 4.3950 |
| Highest Yield Rejected (%) | 5.0300 | 5.0550 | 4.7650 | 4.6775 |
| Lowest Yield Rejected (%) | 4.9800 | 4.8150 | 4.5750 | 4.4100 |
| Weighted Average Accepted Yield (%) | 4.9719 | 4.8033 | 4.5602 | 4.4046 |
| Weighted Average Rejected Yield (%) | 4.9926 | 4.8987 | 4.6581 | 4.4739 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 39.70 | 12.90 | 77.80 | 100.00 |
| Coverage ratio | 3.11 | 3.01 | 2.36 | 5.13 |
(3) Series Offered : 2.75% 15 May 2051
| Aug 24 #872 | Aug 3 #869 | Jul 27 #868 | Jul 13 #866 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 100 | 75 | 50 | 100 |
| Total Amount Allocated ($million) | 100 | 75 | 50 | 100 |
| Total Number of Bids Received | 37 | 31 | 34 | 52 |
| Total Amount of Bids Received ($million) | 308 | 220 | 200 | 371 |
| Total Number of Successful Bids | 14 | 9 | 1 | 4 |
| Highest Yield Accepted (%) | 5.1500 | 4.9150 | 4.7775 | 4.8050 |
| Lowest Yield Accepted (%) | 5.1225 | 4.9025 | 4.7775 | 4.7950 |
| Highest Yield Rejected (%) | 5.2450 | 4.9850 | 4.9125 | 5.0375 |
| Lowest Yield Rejected (%) | 5.1500 | 4.9200 | 4.7775 | 4.8050 |
| Weighted Average Accepted Yield (%) | 5.1405 | 4.9098 | 4.7775 | 4.7994 |
| Weighted Average Rejected Yield (%) | 5.1643 | 4.9519 | 4.8366 | 4.8732 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 16.50 | 100.00 | 83.30 | 80.00 |
| Coverage ratio | 3.08 | 2.93 | 4.00 | 3.71 |
*Individual allotments may vary due to rounding.
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