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NZ Govt Bond Tender #828; Tender Date 1 Sep 2022
1st Sep 22, 2:15pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 828 held on Sep 1, 2022.
Tender Date: Thursday, Sep 1, 2022.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Sep 6 2022
(1) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| Sep 1- #828 | Aug 11- #826 | Jul 28- #824 | Jul 14- #822 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of bids Received | 35 | 34 | 33 | 28 |
| Total Amount of bids Received ($million) | 448 | 485 | 495 | 356 |
| Total Number of Successful bids | 14 | 17 | 16 | 13 |
| Highest Yield Accepted (%) | 3.9750 | 3.3750 | 3.3475 | 3.5450 |
| Lowest Yield Accepted (%) | 3.9500 | 3.3400 | 3.3350 | 3.5230 |
| Highest Yield Rejected (%) | 4.0200 | 3.4350 | 3.4000 | 3.6000 |
| Lowest Yield Rejected (%) | 3.9750 | 3.3750 | 3.3475 | 3.5480 |
| Weighted Average Accepted Yield (%) | 3.9661 | 3.3621 | 3.3431 | 3.5380 |
| Weighted Average Rejected Yield (%) | 3.9925 | 3.3901 | 3.5578 | 3.5650 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 85.10 | 5.60. | 70.40 | 100.00 |
| Coverage ratio | 2.24 | 2.42 | 2.48 | 1.78 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Sep 1 #828 | Aug 11 #826 | Jun 23 #819 | Jun 09 #817 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 150 | 150 | 100 | 100 |
| Total Amount Allocated ($million) | 150 | 150 | 100 | 100 |
| Total Number of Bids Received | 40 | 34 | 32 | 30 |
| Total Amount of Bids Received ($million) | 287 | 420 | 275 | 157 |
| Total Number of Successful Bids | 21 | 9 | 9 | 20 |
| Highest Yield Accepted (%) | 4.0825 | 3.4375 | 4.0075 | 3.8800 |
| Lowest Yield Accepted (%) | 4.0550 | 3.4225 | 3.9775 | 3.8150 |
| Highest Yield Rejected (%) | 4.1450 | 3.4775 | 4.0625 | 3.9280 |
| Lowest Yield Rejected (%) | 4.0825 | 3.4375 | 4.0075 | 3.8800 |
| Weighted Average Accepted Yield (%) | 4.0734 | 3.4300 | 3.9956 | 3.8670 |
| Weighted Average Rejected Yield (%) | 4.1089 | 3.4526 | 4.0246 | 3.9080 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 90.00 | 6.80 | 66.70 | 80.00 |
| Coverage ratio | 1.91 | 2.80 | 2.75 | 1.57 |
(2) Series Offered : 1.75% 15 May 2041
| Sep 1 #828 | Jan 27 - #799 | Dec 9 - #796 | Nov 18 - #793 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 50 | 100 | 100 | 100 |
| Total Amount Allocated ($million) | 50 | 100 | 100 | 100 |
| Total Number of Bids Received | 27 | 33 | 19 | 21 |
| Total Amount of Bids Received ($million) | 125 | 306 | 108 | 180 |
| Total Number of Successful Bids | 11 | 12 | 17 | 6 |
| Highest Yield Accepted (%) | 4.3900 | 2.9950 | 2.8900 | 2.9050 |
| Lowest Yield Accepted (%) | 4.3650 | 2.9575 | 2.8275 | 2.8875 |
| Highest Yield Rejected (%) | 4.4550 | 3.0775 | 2.9225 | 2.9700 |
| Lowest Yield Rejected (%) | 4.3950 | 2.9950 | 2.8900 | 2.9050 |
| Weighted Average Accepted Yield (%) | 4.3786 | 2.9848 | 2.8620 | 2.8935 |
| Weighted Average Rejected Yield (%) | 4.4250 | 3.0064 | 2.9069 | 2.9278 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.0 | 13.0 | 92.0 | 57.10 |
| Coverage ratio | 2.50 | 3.06 | 1.08 | 1.80 |
*Individual allotments may vary due to rounding.
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