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NZ Govt Bond Tender #824; Tender Date 28 Jul 2022
28th Jul 22, 2:10pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 824 held on July 28, 2022.
Tender Date: Thursday, Jul 28, 2022.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Aug 2 2022
(1) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| Jul 28- #824 | Jul 14- #822 | Jun 30- #820 | Jun 16- #818 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount offered ($million) | 200 | 200 | 100 | 100 |
| Total Amount Allocated ($million) | 200 | 200 | 100 | 100 |
| Total Number of bids Received | 33 | 28 | 32 | 25 |
| Total Amount of bids Received ($million) | 495 | 356 | 309 | 285 |
| Total Number of Successful bids | 16 | 13 | 11 | 10 |
| Highest Yield Accepted (%) | 3.3475 | 3.5450 | 3.6550 | 3.9800 |
| Lowest Yield Accepted (%) | 3.3350 | 3.5230 | 3.6350 | 3.9550 |
| Highest Yield Rejected (%) | 3.4000 | 3.6000 | 3.7250 | 4.1075 |
| Lowest Yield Rejected (%) | 3.3475 | 3.5480 | 3.6550 | 3.9800 |
| Weighted Average Accepted Yield (%) | 3.3431 | 3.5380 | 3.6450 | 3.9716 |
| Weighted Average Rejected Yield (%) | 3.5578 | 3.5650 | 3.6808 | 4.0249 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 70.40 | 100.00 | 25.00 | 58.80 |
| Coverage ratio | 2.48 | 1.78 | 3.09 | 2.85 |
(2) Series Offered : 3.50% 14 Apr 2033
| Jul 28- #824 | Jul 14 - #822 | Sep 30 - #786 | Sep 2 - #783 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 150 | 150 | 100 | 100 |
| Total Amount Allocated ($million) | 150 | 150 | 100 | 100 |
| Total Number of Bids Received | 37 | 12 | 13 | 30 |
| Total Amount of Bids Received ($million) | 408 | 351 | 105 | 252 |
| Total Number of Successful Bids | 11 | 12 | 13 | 14 |
| Highest Yield Accepted (%) | 3.5100 | 3.7525 | 2.1900 | 2.0500 |
| Lowest Yield Accepted (%) | 3.4975 | 3.7300 | 2.1000 | 2.0300 |
| Highest Yield Rejected (%) | 3.5800 | 3.8125 | 2.1900 | 2.0850 |
| Lowest Yield Rejected (%) | 3.5100 | 3.7525 | 2.1900 | 2.0500 |
| Weighted Average Accepted Yield (%) | 3.5028 | 3.7459 | 2.1392 | 2.0400 |
| Weighted Average Rejected Yield (%) | 3.5238 | 3.7657 | 2.1900 | 2.0610 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 42.90 | 97.10 | 75.00 | 75.00 |
| Coverage ratio | 2.72 | 2.34 | 1.05 | 2.52 |
(3) Series Offered : 2.75% 15 Apr 2037
| Jul 28 - #822 | Jul 14 - #822 | Feb 24 - #803 | Feb 10 - #801 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 50 | 50 | 100 | 100 |
| Total Amount Allocated ($million) | 50 | 50 | 100 | 100 |
| Total Number of Bids Received | 25 | 26 | 28 | 21 |
| Total Amount of Bids Received ($million) | 130 | 186 | 294 | 116 |
| Total Number of Successful Bids | 7 | 6 | 4 | 19 |
| Highest Yield Accepted (%) | 3.6650 | 3.9200 | 3.0180 | 2.9950 |
| Lowest Yield Accepted (%) | 3.6500 | 3.8975 | 2.9950 | 2.9250 |
| Highest Yield Rejected (%) | 3.7700 | 4.0125 | 3.1100 | 3.0700 |
| Lowest Yield Rejected (%) | 3.6650 | 3.9200 | 3.0180 | 2.9950 |
| Weighted Average Accepted Yield (%) | 3.6570 | 3.9102 | 3.0160 | 2.9639 |
| Weighted Average Rejected Yield (%) | 3.7006 | 3.9423 | 3.0440 | 3.0294 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 33.30 | 50.00 | 66.0 | 76.00 |
| Coverage ratio | 2.60 | 3.72 | 2.94 | 1.16 |
*Individual allotments may vary due to rounding.
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