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NZ Govt Bond Tender #886; Tender Date 30 Nov 2023
30th Nov 23, 2:45pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 886 held on Nov 16, 2023.
Tender Date: Thursday, Nov 16, 2023.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 5 Dec 2023
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Nov 24 #886 | Nov 9 #883 | Nov 2 #882 | Oct 12 #879 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 200 | 175 | 225 | 200 |
| Total Amount Allocated ($million) | 200 | 175 | 225 | 200 |
| Total Number of Bids Received | 55 | 45 | 63 | 47 |
| Total Amount of Bids Received ($million) | 751 | 861 | 1,046 | 516 |
| Total Number of Successful Bids | 13 | 10 | 4 | 12 |
| Highest Yield Accepted (%) | 4.7850 | 4.9200 | 5.1975 | 5.3200 |
| Lowest Yield Accepted (%) | 4.7750 | 4.9100 | 5.1925 | 5.3025 |
| Highest Yield Rejected (%) | 4.8300 | 5.0500 | 5.3450 | 5.4575 |
| Lowest Yield Rejected (%) | 4.7850 | 4.9200 | 5.1975 | 5.3200 |
| Weighted Average Accepted Yield (%) | 4.7806 | 4.9150 | 5.1929 | 5.3128 |
| Weighted Average Rejected Yield (%) | 4.7972 | 4.9475 | 5.2254 | 5.3585 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 63.20 | 20.00 | 12.20 | 53.10 |
| Coverage ratio | 3.75 | 4.92 | 4.65 | 2.58 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Nov 24 #886 | Nov 16 #884 | Nov 9 #883 | Oct 12 #879 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 250 | 200 | 225 | 225 |
| Total Amount Allocated ($million) | 250 | 200 | 225 | 225 |
| Total Number of Bids Received | 63 | 48 | 50 | 50 |
| Total Amount of Bids Received ($million) | 666 | 641 | 767 | 555 |
| Total Number of Successful Bids | 19 | 11 | 217 | 6 |
| Highest Yield Accepted (%) | 4.8375 | 4.9775 | 4.9850 | 5.3500 |
| Lowest Yield Accepted (%) | 4.8250 | 4.9600 | 4.9700 | 5.3350 |
| Highest Yield Rejected (%) | 4.9425 | 5.0200 | 5.1200 | 5.5175 |
| Lowest Yield Rejected (%) | 4.8375 | 4.9775 | 4.9850 | 5.3500 |
| Weighted Average Accepted Yield (%) | 4.8306 | 4.9681 | 4.9758 | 5.3413 |
| Weighted Average Rejected Yield (%) | 4.8628 | 4.9906 | 5.0175 | 5.4055 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 51.40 | 83.30 | 13.30 | 27.50 |
| Coverage ratio | 2.66 | 3.21 | 3.40 | 2.47 |
(3) Series Offered : 2.75% 15 May 2051
| Nov 24 #886 | Nov 16 #884 | Sep 28- #877 | Sep 21- #876 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 50 | 100 | 75 | 75 |
| Total Amount Allocated ($million) | 50 | 100 | 75 | 75 |
| Total Number of Bids Received | 21 | 31 | 31 | 40 |
| Total Amount of Bids Received ($million) | 97 | 205 | 183 | 266 |
| Total Number of Successful Bids | 13 | 21 | 12 | 13 |
| Highest Yield Accepted (%) | 5.0600 | 5.1775 | 5.4725 | 5.3400 |
| Lowest Yield Accepted (%) | 5.0275 | 5.1350 | 5.4500 | 5.3300 |
| Highest Yield Rejected (%) | 5.1000 | 5.2500 | 5.5250 | 5.4000 |
| Lowest Yield Rejected (%) | 5.0600 | 5.1775 | 5.4725 | 5.3400 |
| Weighted Average Accepted Yield (%) | 5.0433 | 5.1573 | 5.4610 | 5.3361 |
| Weighted Average Rejected Yield (%) | 5.0735 | 5.2103 | 5.4916 | 5.3580 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 12.50 | 42.90 | 47.60 | 87.10 |
| Coverage ratio | 1.94 | 2.05 | 2.44 | 3.55 |
*Individual allotments may vary due to rounding.
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