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NZ Govt Bond Tender #885; Tender Date 23 Nov 2023
23rd Nov 23, 2:45pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 885 held on Nov 23, 2023.
Tender Date: Thursday, Nov 23, 2023.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 28 Nov 2023
(1) Series Offered : 3.00% 20 Apr 2029
| Nov 23 #885 | Nov 16 #884 | Sep 28 #877 | Aug 17 - #871 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 225 | 200 | 225 | 275 |
| Total Amount Allocated ($million) | 225 | 200 | 225 | 275 |
| Total Number of Bids Received | 43 | 55 | 39 | 51 |
| Total Amount of Bids Received ($million) | 544 | 1199 | 371 | 579 |
| Total Number of Successful Bids | 13 | 9 | 21 | 35 |
| Highest Yield Accepted (%) | 4.8150 | 4.8475 | 5.2400 | 5.0300 |
| Lowest Yield Accepted (%) | 4.7925 | 4.8375 | 5.2125 | 4.9800 |
| Highest Yield Rejected (%) | 4.8750 | 4.9000 | 5.2825 | 5.1200 |
| Lowest Yield Rejected (%) | 4.8150 | 4.8475 | 5.2400 | 5.0300 |
| Weighted Average Accepted Yield (%) | 4.8086 | 4.8439 | 5.2260 | 5.0087 |
| Weighted Average Rejected Yield (%) | 4.8346 | 4.8600 | 5.2522 | 5.0602 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 73.90 | 41.90 | 46.20 | 28.00 |
| Coverage ratio | 2.42 | 5.99 | 1.65 | 2.10 |
(2) Series Offered : 3.50% 14 Apr 2033
| Nov 23 #885 | Oct 26 #881 | Oct 5- #878 | Jun 22- #864 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 225 | 200 | 225 | 150 |
| Total Amount Allocated ($million) | 225 | 200 | 225 | 150 |
| Total Number of Bids Received | 59 | 56 | 47 | 52 |
| Total Amount of Bids Received ($million) | 719 | 574 | 381 | 739 |
| Total Number of Successful Bids | 11 | 9 | 23 | 7 |
| Highest Yield Accepted (%) | 4.9250 | 5.4900 | 5.5475 | 4.5250 |
| Lowest Yield Accepted (%) | 4.9150 | 5.4800 | 5.5250 | 4.5200 |
| Highest Yield Rejected (%) | 4.9975 | 5.5900 | 5.6500 | 4.7275 |
| Lowest Yield Rejected (%) | 4.9250 | 5.5075 | 5.5475 | 4.5250 |
| Weighted Average Accepted Yield (%) | 4.9211 | 5.4860 | 5.5353 | 4.5243 |
| Weighted Average Rejected Yield (%) | 4.9444 | 5.5322 | 5.5893 | 4.5671 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 64.30 | 100.00 | 40.00 | 76.60 |
| Coverage ratio | 3.19 | 2.87 | 1.69 | 4.93 |
(3) Series Offered : 2.75% 15 Apr 2037
| Nov 23 #885 | Nov 9 #883 | Sep 7 #874 | Aug 10 #870 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 50 | 100 | 100 | 75 |
| Total Amount Allocated ($million) | 50 | 100 | 100 | 75 |
| Total Number of Bids Received | 28 | 36 | 43 | 32 |
| Total Amount of Bids Received ($million) | 213 | 374 | 315 | 162 |
| Total Number of Successful Bids | 9 | 7 | 14 | 15 |
| Highest Yield Accepted (%) | 5.1000 | 5.1450 | 5.1350 | 4.9500 |
| Lowest Yield Accepted (%) | 5.0850 | 5.1350 | 5.1225 | 4.9300 |
| Highest Yield Rejected (%) | 5.1700 | 5.5925 | 5.2075 | 5.1000 |
| Lowest Yield Rejected (%) | 5.1000 | 5.1450 | 5.1350 | 4.9500 |
| Weighted Average Accepted Yield (%) | 5.0936 | 5.1403 | 5.1294 | 4.9388 |
| Weighted Average Rejected Yield (%) | 5.1258 | 5.1864 | 5.1560 | 4.9993 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 54.20 | 60.00 | 7.10 | 12.50 |
| Coverage ratio | 4.26 | 3.74 | 3.15 | 2.16 |
*Individual allotments may vary due to rounding.
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