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NZ Govt Bond Tender #883; Tender Date 3 Nov 2023
9th Nov 23, 2:45pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 883 held on Nov 9, 2023.
Tender Date: Thursday, Nov 9, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, 14 Nov 2023
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Nov 9 #883 | Nov 2 #882 | Oct 12 #879 | Sep 7 #874 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 175 | 225 | 200 | 225 |
| Total Amount Allocated ($million) | 175 | 225 | 200 | 225 |
| Total Number of Bids Received | 45 | 63 | 47 | 41 |
| Total Amount of Bids Received ($million) | 861 | 1,046 | 516 | 554 |
| Total Number of Successful Bids | 10 | 4 | 12 | 22 |
| Highest Yield Accepted (%) | 4.9200 | 5.1975 | 5.3200 | 5.0125 |
| Lowest Yield Accepted (%) | 4.9100 | 5.1925 | 5.3025 | 4.9850 |
| Highest Yield Rejected (%) | 5.0500 | 5.3450 | 5.4575 | 5.0900 |
| Lowest Yield Rejected (%) | 4.9200 | 5.1975 | 5.3200 | 5.0125 |
| Weighted Average Accepted Yield (%) | 4.9150 | 5.1929 | 5.3128 | 5.0017 |
| Weighted Average Rejected Yield (%) | 4.9475 | 5.2254 | 5.3585 | 5.0438 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 20.00 | 12.20 | 53.10 | 90.90 |
| Coverage ratio | 4.92 | 4.65 | 2.58 | 2.46 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Nov 9 #883 | Oct 12 #879 | Sep 7 #874 | Aug 24 #872 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 225 | 225 | 175 | 150 |
| Total Amount Allocated ($million) | 225 | 225 | 175 | 150 |
| Total Number of Bids Received | 50 | 50 | 59 | 42 |
| Total Amount of Bids Received ($million) | 767 | 555 | 708 | 467 |
| Total Number of Successful Bids | 217 | 6 | 10 | 20 |
| Highest Yield Accepted (%) | 4.9850 | 5.3500 | 5.0100 | 4.9800 |
| Lowest Yield Accepted (%) | 4.9700 | 5.3350 | 5.0025 | 4.9525 |
| Highest Yield Rejected (%) | 5.1200 | 5.5175 | 5.1125 | 5.0300 |
| Lowest Yield Rejected (%) | 4.9850 | 5.3500 | 5.0100 | 4.9800 |
| Weighted Average Accepted Yield (%) | 4.9758 | 5.3413 | 5.0085 | 4.9719 |
| Weighted Average Rejected Yield (%) | 5.0175 | 5.4055 | 5.0312 | 4.9926 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 13.30 | 27.50 | 76.80 | 39.70 |
| Coverage ratio | 3.40 | 2.47 | 4.045 | 3.11 |
(3) Series Offered : 2.75% 15 Apr 2037
| Nov 9 #883 | Sep 7 #874 | Aug 10 #870 | Jul 20- #867 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 100 | 100 | 75 | 50 |
| Total Amount Allocated ($million) | 100 | 100 | 75 | 50 |
| Total Number of Bids Received | 36 | 43 | 32 | 25 |
| Total Amount of Bids Received ($million) | 374 | 315 | 162 | 158 |
| Total Number of Successful Bids | 7 | 14 | 15 | 5 |
| Highest Yield Accepted (%) | 5.1450 | 5.1350 | 4.9500 | 4.6950 |
| Lowest Yield Accepted (%) | 5.1350 | 5.1225 | 4.9300 | 4.6850 |
| Highest Yield Rejected (%) | 5.5925 | 5.2075 | 5.1000 | 4.7700 |
| Lowest Yield Rejected (%) | 5.1450 | 5.1350 | 4.9500 | 4.6950 |
| Weighted Average Accepted Yield (%) | 5.1403 | 5.1294 | 4.9388 | 4.6912 |
| Weighted Average Rejected Yield (%) | 5.1864 | 5.1560 | 4.9993 | 4.7203 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 60.00 | 7.10 | 12.50 | 96.00 |
| Coverage ratio | 3.74 | 3.15 | 2.16 | 3.16 |
*Individual allotments may vary due to rounding.7
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