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NZ Govt Bond Tender #893; Tender Date 15 Feb 2024
15th Feb 24, 2:50pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 893 held on Feb 15, 2024.
Tender Date: Thursday, Feb 15, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 20 Feb 2024
(1) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| Feb 15 #893 | Jan 25 #890 | Dec 7 #887 | Oct 26 #881 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount offered ($million) | 275 | 250 | 250 | 200 |
| Total Amount Allocated ($million) | 275 | 250 | 250 | 200 |
| Total Number of bids Received | 31 | 33 | 28 | 42 |
| Total Amount of bids Received ($million) | 1,046 | 448 | 352 | 528 |
| Total Number of Successful bids | 7 | 18 | 23 | 10 |
| Highest Yield Accepted (%) | 4.8025 | 4.5175 | 4.8200 | 5.3325 |
| Lowest Yield Accepted (%) | 4.7975 | 4.4800 | 4.7550 | 5.3100 |
| Highest Yield Rejected (%) | 4.8925 | 4.5575 | 4.8750 | 5.4100 |
| Lowest Yield Rejected (%) | 4.8025 | 4.5175 | 4.8200 | 5.3325 |
| Weighted Average Accepted Yield (%) | 4.7996 | 4.4992 | 4.7862 | 5.3216 |
| Weighted Average Rejected Yield (%) | 4.8147 | 4.5362 | 4.8421 | 5.3575 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 48.90 | 87.50 | ||
| Coverage ratio | 3.80 | 1.79 | 1.41 | 2.64 |
(2) Series Offered : 3.50% 14 Apr 2033
| Feb 15 #893 | Feb 8 #892 | Feb 1 #891 | Dec 14 #889 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 150 | 150 | 175 | 175 |
| Total Amount Allocated ($million) | 150 | 150 | 175 | 175 |
| Total Number of Bids Received | 33 | 40 | 25 | 30 |
| Total Amount of Bids Received ($million) | 472 | 424 | 231 | 239 |
| Total Number of Successful Bids | 10 | 23 | 14 | 27 |
| Highest Yield Accepted (%) | 4.8200 | 4.7550 | 4.5425 | 4.6775 |
| Lowest Yield Accepted (%) | 4.8075 | 4.7150 | 4.4875 | 4.6400 |
| Highest Yield Rejected (%) | 4.9025 | 4.8050 | 4.5775 | 4.7000 |
| Lowest Yield Rejected (%) | 4.8200 | 4.7550 | 4.5475 | 4.6775 |
| Weighted Average Accepted Yield (%) | 4.8129 | 4.7454 | 4.5127 | 4.6595 |
| Weighted Average Rejected Yield (%) | 4.8341 | 4.7717 | 4.5593 | 4.6867 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 15.40 | |||
| Coverage ratio | 3.15 | 2.82 | 1.32 | 1.37 |
(3) Series Offered : 2.75% 15 May 2051
| Feb 15 #893 | Feb 1 #891 | Dec 14 #888 | Nov 16 #886 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 75 | 75 | 75 | 50 |
| Total Amount Allocated ($million) | 75 | 75 | 75 | 50 |
| Total Number of Bids Received | 28 | 33 | 26 | 21 |
| Total Amount of Bids Received ($million) | 271 | 141 | 155 | 97 |
| Total Number of Successful Bids | 7 | 10 | 17 | 13 |
| Highest Yield Accepted (%) | 5.0800 | 4.8275 | 4.8450 | 5.0600 |
| Lowest Yield Accepted (%) | 5.0675 | 4.8025 | 4.8000 | 5.0275 |
| Highest Yield Rejected (%) | 5.1600 | 4.8775 | 4.9450 | 5.1000 |
| Lowest Yield Rejected (%) | 5.0800 | 4.8275 | 4.8450 | 5.0600 |
| Weighted Average Accepted Yield (%) | 5.0750 | 4.8099 | 4.8240 | 5.0433 |
| Weighted Average Rejected Yield (%) | 5.1005 | 4.8444 | 4.8725 | 5.0735 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 25 | 12.50 | ||
| Coverage ratio | 3.61 | 1.88 | 2.01 | 1.94 |
*Individual allotments may vary due to rounding.
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