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NZ Govt Bond Tender #864; Tender Date 22 Jun 2023
22nd Jun 23, 2:10pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 864 held on Jun 22, 2023.
Tender Date: Thursday, Jun 22, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, 27 Jun 2023
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Jun 22- #864 | Jun 8- #862 | |
| Series Offered : 4.50% 15 May 2030 | ||
| Total Amount Offered ($million) | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 |
| Total Number of Bids Received | 50 | 34 |
| Total Amount of Bids Received ($million) | 820 | 448 |
| Total Number of Successful Bids | 10 | 20 |
| Highest Yield Accepted (%) | 4.5050 | 4.5400 |
| Lowest Yield Accepted (%) | 4.4900 | 4.4925 |
| Highest Yield Rejected (%) | 4.6700 | 4.7150 |
| Lowest Yield Rejected (%) | 4.5050 | 4.5400 |
| Weighted Average Accepted Yield (%) | 4.4954 | 4.5220 |
| Weighted Average Rejected Yield (%) | 4.5563 | 4.6164 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 82.30 | 96.70 |
| Coverage ratio | 4.10 | 2.24 |
(2) Series Offered : 3.50% 14 Apr 2033
| Jun 22- #864 | Jun 8- #862 | May 25- #860 | May 11- #858 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 52 | 50 | 47 | 53 |
| Total Amount of Bids Received ($million) | 739 | 464 | 469 | 436 |
| Total Number of Successful Bids | 7 | 16 | 12 | 21 |
| Highest Yield Accepted (%) | 4.5250 | 4.5900 | 4.4000 | 4.1475 |
| Lowest Yield Accepted (%) | 4.5200 | 4.5600 | 4.3725 | 4.1275 |
| Highest Yield Rejected (%) | 4.7275 | 4.7400 | 4.6100 | 4.3500 |
| Lowest Yield Rejected (%) | 4.5250 | 4.5900 | 4.4000 | 4.1475 |
| Weighted Average Accepted Yield (%) | 4.5243 | 4.5778 | 4.3888 | 4.1386 |
| Weighted Average Rejected Yield (%) | 4.5671 | 4.6403 | 4.4533 | 4.2090 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 76.60 | 45.50 | 78.90 | 22.20 |
| Coverage ratio | 4.93 | 3.09 | 3.13 | 2.91 |
(3) Series Offered : 2.75% 15 Apr 2037
| Jun 22- #864 | Jun 8- #862 | Mar 23- #851 | Feb 16- #847 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 29 | 23 | 30 | 22 |
| Total Amount of Bids Received ($million) | 199 | 164 | 181 | 136 |
| Total Number of Successful Bids | 8 | 5 | 16 | 10 |
| Highest Yield Accepted (%) | 4.6350 | 4.7000 | 4.3900 | 4.5350 |
| Lowest Yield Accepted (%) | 4.6050 | 4.6850 | 4.3600 | 4.5075 |
| Highest Yield Rejected (%) | 4.8050 | 4.7950 | 4.6600 | 4.6950 |
| Lowest Yield Rejected (%) | 4.6350 | 4.7000 | 4.3900 | 4.5400 |
| Weighted Average Accepted Yield (%) | 4.6260 | 4.6910 | 4.3754 | 4.5225 |
| Weighted Average Rejected Yield (%) | 4.6748 | 4.7391 | 4.4559 | 4.5888 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 66.70 | 33.30 | 8.1 | 100.00 |
| Coverage ratio | 3.98 | 3.28 | 3.62 | 2.72 |
*Individual allotments may vary due to rounding.
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