Bonds
/ news
NZ Govt Bond Tender #878; Tender Date 5 Oct 2023
5th Oct 23, 2:45pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 878 held on Oct 5, 2023.
Tender Date: Thursday, Oct 5, 2023.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 10 Oct 2023
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Oct 5- #878 | Sep 21- #876 | Aug 31- #873 | Aug 3- #869 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 225 | 200 | 225 | 250 |
| Total Amount Allocated ($million) | 225 | 200 | 225 | 250 |
| Total Number of Bids Received | 42 | 29 | 40 | 45 |
| Total Amount of Bids Received ($million) | 410 | 460 | 477 | 477 |
| Total Number of Successful Bids | 26 | 14 | 24 | 33 |
| Highest Yield Accepted (%) | 5.4900 | 5.2175 | 4.9400 | 4.7525 |
| Lowest Yield Accepted (%) | 5.4400 | 5.1925 | 4.9000 | 4.7125 |
| Highest Yield Rejected (%) | 5.6000 | 5.2975 | 5.0875 | 4.8825 |
| Lowest Yield Rejected (%) | 5.4900 | 5.2175 | 4.9400 | 4.7525 |
| Weighted Average Accepted Yield (%) | 5.4614 | 5.2077 | 4.9195 | 4.7301 |
| Weighted Average Rejected Yield (%) | 5.5371 | 5.2475 | 4.9835 | 4.8189 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 94.10 | 50.00 | 6.00 | 81.50 |
| Coverage ratio | 1.82 | 2.30 | 2.12 | 1.91 |
(2) Series Offered : 3.50% 14 Apr 2033
| Oct 5- #878 | Jun 22- #864 | Jun 8- #862 | May 25- #860 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 225 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 225 | 150 | 150 | 150 |
| Total Number of Bids Received | 47 | 52 | 50 | 47 |
| Total Amount of Bids Received ($million) | 381 | 739 | 464 | 469 |
| Total Number of Successful Bids | 23 | 7 | 16 | 12 |
| Highest Yield Accepted (%) | 5.5475 | 4.5250 | 4.5900 | 4.4000 |
| Lowest Yield Accepted (%) | 5.5250 | 4.5200 | 4.5600 | 4.3725 |
| Highest Yield Rejected (%) | 5.6500 | 4.7275 | 4.7400 | 4.6100 |
| Lowest Yield Rejected (%) | 5.5475 | 4.5250 | 4.5900 | 4.4000 |
| Weighted Average Accepted Yield (%) | 5.5353 | 4.5243 | 4.5778 | 4.3888 |
| Weighted Average Rejected Yield (%) | 5.5893 | 4.5671 | 4.6403 | 4.4533 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 40.00 | 76.60 | 45.50 | 78.90 |
| Coverage ratio | 1.69 | 4.93 | 3.09 | 3.13 |
(3) Series Offered : 1.75% 15 May 2041
| Oct 5- #878 | Sep 14 #875 | Aug 31 #873 | Aug 17 #871 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 50 | 100 | 100 | 75 |
| Total Amount Allocated ($million) | 50 | 100 | 100 | 75 |
| Total Number of Bids Received | 23 | 41 | 45 | 34 |
| Total Amount of Bids Received ($million) | 167 | 221 | 307 | 213 |
| Total Number of Successful Bids | 3 | 19 | 8 | 12 |
| Highest Yield Accepted (%) | 5.7475 | 5.1750 | 5.0850 | 5.2725 |
| Lowest Yield Accepted (%) | 5.7450 | 5.1575 | 5.0700 | 5.2525 |
| Highest Yield Rejected (%) | 5.8200 | 5.2425 | 5.2150 | 5.3600 |
| Lowest Yield Rejected (%) | 5.7475 | 5.1750 | 5.0850 | 5.2725 |
| Weighted Average Accepted Yield (%) | 5.7462 | 5.1676 | 5.0802 | 5.2668 |
| Weighted Average Rejected Yield (%) | 5.7654 | 5.2076 | 5.1231 | 5.3123 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 83.30 | 66.70 | 88.20 |
| Coverage ratio | 3.34 | 2.21 | 3.07 | 2.84 |
*Individual allotments may vary due to rounding.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.