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NZ Govt Bond Tender #881; Tender Date 26 Oct 2023
26th Oct 23, 2:45pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 881 held on Oct 26, 2023.
Tender Date: Thursday, Aug 24, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, 31 Oct 2023
(1) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| Oct 26 #881 | Aug 24 #872 | Mar 23- #851 | Feb 23- #848 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount offered ($million) | 200 | 250 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 250 | 200 | 200 |
| Total Number of bids Received | 42 | 34 | 47 | 32 |
| Total Amount of bids Received ($million) | 528 | 342 | 558 | 491 |
| Total Number of Successful bids | 10 | 31 | 19 | 21 |
| Highest Yield Accepted (%) | 5.3325 | 5.0950 | 4.2500 | 4.6875 |
| Lowest Yield Accepted (%) | 5.3100 | 5.0400 | 4.2275 | 4.6325 |
| Highest Yield Rejected (%) | 5.4100 | 5.1650 | 4.5500 | 4.8375 |
| Lowest Yield Rejected (%) | 5.3325 | 5.0950 | 4.2500 | 4.6875 |
| Weighted Average Accepted Yield (%) | 5.3216 | 5.0631 | 4.2385 | 4.6544 |
| Weighted Average Rejected Yield (%) | 5.3575 | 5.1358 | 4.3455 | 4.7100 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 87.50 | 71.70 | 62.50 | 38.00 |
| Coverage ratio | 2.64 | 1.38 | 2.79 | 2.45 |
(2) Series Offered : 3.50% 14 Apr 2033
| Oct 26 #881 | Oct 5- #878 | Jun 22- #864 | Jun 8- #862 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 200 | 225 | 150 | 150 |
| Total Amount Allocated ($million) | 200 | 225 | 150 | 150 |
| Total Number of Bids Received | 56 | 47 | 52 | 50 |
| Total Amount of Bids Received ($million) | 574 | 381 | 739 | 464 |
| Total Number of Successful Bids | 9 | 23 | 7 | 16 |
| Highest Yield Accepted (%) | 5.4900 | 5.5475 | 4.5250 | 4.5900 |
| Lowest Yield Accepted (%) | 5.4800 | 5.5250 | 4.5200 | 4.5600 |
| Highest Yield Rejected (%) | 5.5900 | 5.6500 | 4.7275 | 4.7400 |
| Lowest Yield Rejected (%) | 5.5075 | 5.5475 | 4.5250 | 4.5900 |
| Weighted Average Accepted Yield (%) | 5.4860 | 5.5353 | 4.5243 | 4.5778 |
| Weighted Average Rejected Yield (%) | 5.5322 | 5.5893 | 4.5671 | 4.6403 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 40.00 | 76.60 | 45.50 |
| Coverage ratio | 2.87 | 1.69 | 4.93 | 3.09 |
(3) Series Offered : 2.75% 15 May 2051
| Oct 26 #881 | Aug 24 #872 | Aug 3 #869 | Jul 27 #868 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 100 | 100 | 75 | 50 |
| Total Amount Allocated ($million) | 100 | 100 | 75 | 50 |
| Total Number of Bids Received | 40 | 37 | 31 | 34 |
| Total Amount of Bids Received ($million) | 279 | 308 | 220 | 200 |
| Total Number of Successful Bids | 16 | 14 | 9 | 1 |
| Highest Yield Accepted (%) | 5.6550 | 5.1500 | 4.9150 | 4.7775 |
| Lowest Yield Accepted (%) | 5.6300 | 5.1225 | 4.9025 | 4.7775 |
| Highest Yield Rejected (%) | 5.7300 | 5.2450 | 4.9850 | 4.9125 |
| Lowest Yield Rejected (%) | 5.6550 | 5.1500 | 4.9200 | 4.7775 |
| Weighted Average Accepted Yield (%) | 5.6440 | 5.1405 | 4.9098 | 4.7775 |
| Weighted Average Rejected Yield (%) | 5.6674 | 5.1643 | 4.9519 | 4.8366 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 15.40 | 16.50 | 100.00 | 83.30 |
| Coverage ratio | 2.79 | 3.08 | 2.93 | 4.00 |
*Individual allotments may vary due to rounding.
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