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NZ Govt Bond Tender #873; Tender Date 31 Aug 2023
31st Aug 23, 2:40pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 873 held on Aug 31, 2023.
Tender Date: Thursday, Aug 31, 2023.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 5 Sep 2023
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Aug 31- #873 | Aug 3- #869 | Jul 20- #867 | Jun 15- #863 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 225 | 250 | 225 | 200 |
| Total Amount Allocated ($million) | 225 | 250 | 225 | 200 |
| Total Number of Bids Received | 40 | 45 | 45 | 28 |
| Total Amount of Bids Received ($million) | 477 | 477 | 603 | 495 |
| Total Number of Successful Bids | 24 | 33 | 16 | 16 |
| Highest Yield Accepted (%) | 4.9400 | 4.7525 | 4.6525 | 4.4950 |
| Lowest Yield Accepted (%) | 4.9000 | 4.7125 | 4.6300 | 4.4600 |
| Highest Yield Rejected (%) | 5.0875 | 4.8825 | 4.8075 | 4.6200 |
| Lowest Yield Rejected (%) | 4.9400 | 4.7525 | 4.6525 | 4.4950 |
| Weighted Average Accepted Yield (%) | 4.9195 | 4.7301 | 4.6373 | 4.4806 |
| Weighted Average Rejected Yield (%) | 4.9835 | 4.8189 | 4.7155 | 4.5496 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 6.00 | 81.50 | 50.00 | 56.00 |
| Coverage ratio | 2.12 | 1.91 | 2.68 | 2.47 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Aug 31- #873 | Jul 27 #868 | Jul 13 #866 | Dec 9 - #796 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 175 | 225 | 150 | 200 |
| Total Amount Allocated ($million) | 175 | 225 | 150 | 200 |
| Total Number of Bids Received | 63 | 65 | 38 | 28 |
| Total Amount of Bids Received ($million) | 554 | 758 | 503 | 460 |
| Total Number of Successful Bids | 22 | 24 | 5 | 20 |
| Highest Yield Accepted (%) | 4.9000 | 4.6500 | 4.5700 | 2.4525 |
| Lowest Yield Accepted (%) | 4.8850 | 4.6350 | 4.5575 | 2.4050 |
| Highest Yield Rejected (%) | 5.0250 | 4.9100 | 4.7475 | 2.4900 |
| Lowest Yield Rejected (%) | 4.9000 | 4.6500 | 4.5700 | 2.4550 |
| Weighted Average Accepted Yield (%) | 4.8928 | 4.6437 | 4.5658 | 2.4366 |
| Weighted Average Rejected Yield (%) | 4.9303 | 4.7300 | 4.6273 | 2.4690 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 54.80 | 8.20 | 50.00 | 100.00. |
| Coverage ratio | 3.16 | 3.37 | 3.35 | 2.30 |
(3) Series Offered : 2.75% 15 May 2051
| Aug 31- #873 | Jul 27 #868 | Jul 13 #866 | Jun 29- #865 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 100 | 50 | 100 | 50 |
| Total Amount Allocated ($million) | 100 | 50 | 100 | 50 |
| Total Number of Bids Received | 45 | 34 | 52 | 30 |
| Total Amount of Bids Received ($million) | 307 | 200 | 371 | 146 |
| Total Number of Successful Bids | 8 | 1 | 4 | 14 |
| Highest Yield Accepted (%) | 5.0850 | 4.7775 | 4.8050 | 4.6650 |
| Lowest Yield Accepted (%) | 5.0700 | 4.7775 | 4.7950 | 4.6400 |
| Highest Yield Rejected (%) | 5.2150 | 4.9125 | 5.0375 | 4.8550 |
| Lowest Yield Rejected (%) | 5.0850 | 4.7775 | 4.8050 | 4.6650 |
| Weighted Average Accepted Yield (%) | 5.0802 | 4.7775 | 4.7994 | 4.6520 |
| Weighted Average Rejected Yield (%) | 5.1231 | 4.8366 | 4.8732 | 4.7373 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 66.70 | 83.30 | 80.00 | 20.00 |
| Coverage ratio | 3.07 | 4.00 | 3.71 | 2.9 |
*Individual allotments may vary due to rounding.
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