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NZ Govt Bond Tender #884; Tender Date 16 Nov 2023
16th Nov 23, 2:50pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 884 held on Nov 11, 2023.
Tender Date: Thursday, Nov 11, 2023.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 16 Nov 2023
(1) Series Offered : 3.00% 20 Apr 2029
| Nov 16 #884 | Sep 28 #877 | Aug 17 - #871 | Sep 22 - #831 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 200 | 225 | 275 | 150 |
| Total Amount Allocated ($million) | 200 | 225 | 275 | 150 |
| Total Number of Bids Received | 55 | 39 | 51 | 43 |
| Total Amount of Bids Received ($million) | 1199 | 371 | 579 | 450 |
| Total Number of Successful Bids | 9 | 21 | 35 | 17 |
| Highest Yield Accepted (%) | 4.8475 | 5.2400 | 5.0300 | 4.0025 |
| Lowest Yield Accepted (%) | 4.8375 | 5.2125 | 4.9800 | 3.9875 |
| Highest Yield Rejected (%) | 4.9000 | 5.2825 | 5.1200 | 4.0750 |
| Lowest Yield Rejected (%) | 4.8475 | 5.2400 | 5.0300 | 4.0025 |
| Weighted Average Accepted Yield (%) | 4.8439 | 5.2260 | 5.0087 | 3.9974 |
| Weighted Average Rejected Yield (%) | 4.8600 | 5.2522 | 5.0602 | 4.0258 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 41.90 | 46.20 | 28.00 | 90.00 |
| Coverage ratio | 5.99 | 1.65 | 2.10 | 3.00 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Nov 16 #884 | Nov 9 #883 | Oct 12 #879 | Sep 7 #874 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 200 | 225 | 225 | 175 |
| Total Amount Allocated ($million) | 200 | 225 | 225 | 175 |
| Total Number of Bids Received | 48 | 50 | 50 | 59 |
| Total Amount of Bids Received ($million) | 641 | 767 | 555 | 708 |
| Total Number of Successful Bids | 11 | 217 | 6 | 10 |
| Highest Yield Accepted (%) | 4.9775 | 4.9850 | 5.3500 | 5.0100 |
| Lowest Yield Accepted (%) | 4.9600 | 4.9700 | 5.3350 | 5.0025 |
| Highest Yield Rejected (%) | 5.0200 | 5.1200 | 5.5175 | 5.1125 |
| Lowest Yield Rejected (%) | 4.9775 | 4.9850 | 5.3500 | 5.0100 |
| Weighted Average Accepted Yield (%) | 4.9681 | 4.9758 | 5.3413 | 5.0085 |
| Weighted Average Rejected Yield (%) | 4.9906 | 5.0175 | 5.4055 | 5.0312 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 83.30 | 13.30 | 27.50 | 76.80 |
| Coverage ratio | 3.21 | 3.40 | 2.47 | 4.045 |
(3) Series Offered : 2.75% 15 May 2051
| Nov 16 #884 | Sep 28- #877 | Sep 21- #876 | Aug 24 #872 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 100 | 75 | 75 | 100 |
| Total Amount Allocated ($million) | 100 | 75 | 75 | 100 |
| Total Number of Bids Received | 31 | 31 | 40 | 37 |
| Total Amount of Bids Received ($million) | 205 | 183 | 266 | 308 |
| Total Number of Successful Bids | 21 | 12 | 13 | 14 |
| Highest Yield Accepted (%) | 5.1775 | 5.4725 | 5.3400 | 5.1500 |
| Lowest Yield Accepted (%) | 5.1350 | 5.4500 | 5.3300 | 5.1225 |
| Highest Yield Rejected (%) | 5.2500 | 5.5250 | 5.4000 | 5.2450 |
| Lowest Yield Rejected (%) | 5.1775 | 5.4725 | 5.3400 | 5.1500 |
| Weighted Average Accepted Yield (%) | 5.1573 | 5.4610 | 5.3361 | 5.1405 |
| Weighted Average Rejected Yield (%) | 5.2103 | 5.4916 | 5.3580 | 5.1643 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 42.90 | 47.60 | 87.10 | 16.50 |
| Coverage ratio | 2.05 | 2.44 | 3.55 | 3.08 |
*Individual allotments may vary due to rounding.
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