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NZ Govt Bond Tender #875; Tender Date 14 Sep 2023
14th Sep 23, 2:20pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 875 held on Sep 14, 2023.
Tender Date: Thursday, Sep 14, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, 19 Sep 2023
(1) Series Offered : 0.50% 15 May 2026
| Sep 14 #875 | Aug 10 #870 | Jul 27 #868 | Jul 13 #866 | |
| Series Offered | ||||
| Total Amount offered ($million) | 200 | 275 | 225 | 250 |
| Total Amount Allocated ($million) | 200 | 275 | 225 | 250 |
| Total Number of bids Received | 34 | 45 | 49 | 39 |
| Total Amount of bids Received ($million) | 475 | 762 | 753 | 623 |
| Total Number of Successful bids | 21 | 28 | 14 | 12 |
| Highest Yield Accepted (%) | 5.2175 | 5.0750 | 4.9600 | 4.8450 |
| Lowest Yield Accepted (%) | 5.1900 | 5.0450 | 4.9475 | 4.8250 |
| Highest Yield Rejected (%) | 5.2825 | 5.3075 | 5.1225 | 5.1050 |
| Lowest Yield Rejected (%) | 5.2175 | 5.0750 | 4.9600 | 4.8328 |
| Weighted Average Accepted Yield (%) | 5.2025 | 5.0600 | 4.9505 | 4.9526 |
| Weighted Average Rejected Yield (%) | 5.2312 | 5.1682 | 5.0080 | 4.9526 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 34.30 | 34.30 | 17.30 | 50.00 |
| Coverage ratio | 2.37 | 2.77 | 3.35 | 2.49 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Sep 14 #875 | Aug 31- #873 | Jul 27 #868 | Jul 13 #866 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 200 | 175 | 225 | 150 |
| Total Amount Allocated ($million) | 200 | 175 | 225 | 150 |
| Total Number of Bids Received | 43 | 63 | 65 | 38 |
| Total Amount of Bids Received ($million) | 630 | 554 | 758 | 503 |
| Total Number of Successful Bids | 9 | 22 | 24 | 5 |
| Highest Yield Accepted (%) | 4.9525 | 4.9000 | 4.6500 | 4.5700 |
| Lowest Yield Accepted (%) | 4.9400 | 4.8850 | 4.6350 | 4.5575 |
| Highest Yield Rejected (%) | 5.0375 | 5.0250 | 4.9100 | 4.7475 |
| Lowest Yield Rejected (%) | 4.9525 | 4.9000 | 4.6500 | 4.5700 |
| Weighted Average Accepted Yield (%) | 4.9459 | 4.8928 | 4.6437 | 4.5658 |
| Weighted Average Rejected Yield (%) | 4.9776 | 4.9303 | 4.7300 | 4.6273 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 46.90 | 54.80 | 8.20 | 50.00 |
| Coverage ratio | 3.15 | 3.16 | 3.37 | 3.35 |
(3) Series Offered : 1.75% 15 May 2041
| Sep 14 #875 | Aug 31 #873 | Aug 17 #871 | May 19 #859 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 100 | 100 | 75 | 50 |
| Total Amount Allocated ($million) | 100 | 100 | 75 | 50 |
| Total Number of Bids Received | 41 | 45 | 34 | 24 |
| Total Amount of Bids Received ($million) | 221 | 307 | 213 | 133 |
| Total Number of Successful Bids | 19 | 8 | 12 | 12 |
| Highest Yield Accepted (%) | 5.1750 | 5.0850 | 5.2725 | 4.6900 |
| Lowest Yield Accepted (%) | 5.1575 | 5.0700 | 5.2525 | 4.6350 |
| Highest Yield Rejected (%) | 5.2425 | 5.2150 | 5.3600 | 4.8700 |
| Lowest Yield Rejected (%) | 5.1750 | 5.0850 | 5.2725 | 4.6900 |
| Weighted Average Accepted Yield (%) | 5.1676 | 5.0802 | 5.2668 | 4.6520 |
| Weighted Average Rejected Yield (%) | 5.2076 | 5.1231 | 5.3123 | 4.7598 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 83.30 | 66.70 | 88.20 | 15.40 |
| Coverage ratio | 2.21 | 3.07 | 2.84 | 2.66 |
*Individual allotments may vary due to rounding.
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