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NZ Govt Bond Tender #874; Tender Date 7 Sep 2023
7th Sep 23, 2:40pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 874 held on Sep 7, 2023.
Tender Date: Thursday, Sep 7, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, 12 Sep 2023
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Sep 7 #874 | Jun 22- #864 | Jun 8- #862 | |
| Series Offered : 4.50% 15 May 2030 | |||
| Total Amount Offered ($million) | 225 | 200 | 200 |
| Total Amount Allocated ($million) | 225 | 200 | 200 |
| Total Number of Bids Received | 41 | 50 | 34 |
| Total Amount of Bids Received ($million) | 554 | 820 | 448 |
| Total Number of Successful Bids | 22 | 10 | 20 |
| Highest Yield Accepted (%) | 5.0125 | 4.5050 | 4.5400 |
| Lowest Yield Accepted (%) | 4.9850 | 4.4900 | 4.4925 |
| Highest Yield Rejected (%) | 5.0900 | 4.6700 | 4.7150 |
| Lowest Yield Rejected (%) | 5.0125 | 4.5050 | 4.5400 |
| Weighted Average Accepted Yield (%) | 5.0017 | 4.4954 | 4.5220 |
| Weighted Average Rejected Yield (%) | 5.0438 | 4.5563 | 4.6164 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 90.90 | 82.30 | 96.70 |
| Coverage ratio | 2.46 | 4.10 | 2.24 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Sep 7 #874 | Aug 24 #872 | Aug 10 #870 | Jul 20- #867 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 175 | 150 | 150 | 225 |
| Total Amount Allocated ($million) | 175 | 150 | 150 | 225 |
| Total Number of Bids Received | 59 | 42 | 47 | 53 |
| Total Amount of Bids Received ($million) | 708 | 467 | 452 | 532 |
| Total Number of Successful Bids | 10 | 20 | 23 | 35 |
| Highest Yield Accepted (%) | 5.0100 | 4.9800 | 4.8150 | 4.5750 |
| Lowest Yield Accepted (%) | 5.0025 | 4.9525 | 4.7925 | 4.5325 |
| Highest Yield Rejected (%) | 5.1125 | 5.0300 | 5.0550 | 4.7650 |
| Lowest Yield Rejected (%) | 5.0100 | 4.9800 | 4.8150 | 4.5750 |
| Weighted Average Accepted Yield (%) | 5.0085 | 4.9719 | 4.8033 | 4.5602 |
| Weighted Average Rejected Yield (%) | 5.0312 | 4.9926 | 4.8987 | 4.6581 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 76.80 | 39.70 | 12.90 | 77.80 |
| Coverage ratio | 4.045 | 3.11 | 3.01 | 2.36 |
(3) Series Offered : 2.75% 15 Apr 2037
| Sep 7 #874 | Aug 10 #870 | Jul 20- #867 | Jun 22- #864 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 100 | 75 | 50 | 50 |
| Total Amount Allocated ($million) | 100 | 75 | 50 | 50 |
| Total Number of Bids Received | 43 | 32 | 25 | 29 |
| Total Amount of Bids Received ($million) | 315 | 162 | 158 | 199 |
| Total Number of Successful Bids | 14 | 15 | 5 | 8 |
| Highest Yield Accepted (%) | 5.1350 | 4.9500 | 4.6950 | 4.6350 |
| Lowest Yield Accepted (%) | 5.1225 | 4.9300 | 4.6850 | 4.6050 |
| Highest Yield Rejected (%) | 5.2075 | 5.1000 | 4.7700 | 4.8050 |
| Lowest Yield Rejected (%) | 5.1350 | 4.9500 | 4.6950 | 4.6350 |
| Weighted Average Accepted Yield (%) | 5.1294 | 4.9388 | 4.6912 | 4.6260 |
| Weighted Average Rejected Yield (%) | 5.1560 | 4.9993 | 4.7203 | 4.6748 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 7.10 | 12.50 | 96.00 | 66.70 |
| Coverage ratio | 3.15 | 2.16 | 3.16 | 3.98 |
*Individual allotments may vary due to rounding.
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