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NZ Govt Bond Tender #867; Tender Date 20 July 2023
20th Jul 23, 2:45pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 867 held on Jul 20, 2023.
Tender Date: Thursday, Jul 20, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, 25 Jul 2023
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Jul 20- #867 | Jun 15- #863 | Jun 1- #861 | May 25- #860 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 225 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 225 | 200 | 200 | 200 |
| Total Number of Bids Received | 45 | 28 | 27 | 43 |
| Total Amount of Bids Received ($million) | 603 | 495 | 528 | 680 |
| Total Number of Successful Bids | 16 | 16 | 17 | 15 |
| Highest Yield Accepted (%) | 4.6525 | 4.4950 | 4.2400 | 4.3150 |
| Lowest Yield Accepted (%) | 4.6300 | 4.4600 | 4.1950 | 4.2900 |
| Highest Yield Rejected (%) | 4.8075 | 4.6200 | 4.3600 | 4.4650 |
| Lowest Yield Rejected (%) | 4.6525 | 4.4950 | 4.2400 | 4.3150 |
| Weighted Average Accepted Yield (%) | 4.6373 | 4.4806 | 4.2203 | 4.3020 |
| Weighted Average Rejected Yield (%) | 4.7155 | 4.5496 | 4.2929 | 4.3616 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 56.00 | 34.00 | 35.50 |
| Coverage ratio | 2.68 | 2.47 | 2.64 | 3.40 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Jul 20- #867 | May 19 #859 | May 4 #857 | Mar 23 #851 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 225 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 225 | 150 | 150 | 150 |
| Total Number of Bids Received | 53 | 51 | 48 | 41 |
| Total Amount of Bids Received ($million) | 532 | 769 | 519 | 406 |
| Total Number of Successful Bids | 35 | 3 | 24 | 25 |
| Highest Yield Accepted (%) | 4.5750 | 4.4075 | 4.1475 | 4.1900 |
| Lowest Yield Accepted (%) | 4.5325 | 4.3950 | 4.1050 | 4.1525 |
| Highest Yield Rejected (%) | 4.7650 | 4.6775 | 4.2925 | 4.4775 |
| Lowest Yield Rejected (%) | 4.5750 | 4.4100 | 4.1475 | 4.1950 |
| Weighted Average Accepted Yield (%) | 4.5602 | 4.4046 | 4.1336 | 4.1739 |
| Weighted Average Rejected Yield (%) | 4.6581 | 4.4739 | 4.1934 | 4.3062 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 77.80 | 100.00 | 48.10 | 100.00 |
| Coverage ratio | 2.36 | 5.13 | 3.46 | 2.71 |
(3) Series Offered : 2.75% 15 Apr 2037
| Jul 20- #867 | Jun 22- #864 | Jun 8- #862 | Mar 23- #851 | |
| 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 | 25 | 29 | 23 | 30 |
| Total Amount of Bids Received ($million) | 158 | 199 | 164 | 181 |
| Total Number of Successful Bids | 5 | 8 | 5 | 16 |
| Highest Yield Accepted (%) | 4.6950 | 4.6350 | 4.7000 | 4.3900 |
| Lowest Yield Accepted (%) | 4.6850 | 4.6050 | 4.6850 | 4.3600 |
| Highest Yield Rejected (%) | 4.7700 | 4.8050 | 4.7950 | 4.6600 |
| Lowest Yield Rejected (%) | 4.6950 | 4.6350 | 4.7000 | 4.3900 |
| Weighted Average Accepted Yield (%) | 4.6912 | 4.6260 | 4.6910 | 4.3754 |
| Weighted Average Rejected Yield (%) | 4.7203 | 4.6748 | 4.7391 | 4.4559 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 96.00 | 66.70 | 33.30 | 8.1 |
| Coverage ratio | 3.16 | 3.98 | 3.28 | 3.62 |
*Individual allotments may vary due to rounding.
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