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NZ Govt Bond Tender #826; Tender Date 11 Aug 2022
11th Aug 22, 2:10pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 826 held on Aug 11, 2022.
Tender Date: Thursday, Aug 11, 2022.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Aug 16 2022
(1) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| Aug 11- #826 | Jul 28- #824 | Jul 14- #822 | Jun 30- #820 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount offered ($million) | 200 | 200 | 200 | 100 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 100 |
| Total Number of bids Received | 34 | 33 | 28 | 32 |
| Total Amount of bids Received ($million) | 485 | 495 | 356 | 309 |
| Total Number of Successful bids | 17 | 16 | 13 | 11 |
| Highest Yield Accepted (%) | 3.3750 | 3.3475 | 3.5450 | 3.6550 |
| Lowest Yield Accepted (%) | 3.3400 | 3.3350 | 3.5230 | 3.6350 |
| Highest Yield Rejected (%) | 3.4350 | 3.4000 | 3.6000 | 3.7250 |
| Lowest Yield Rejected (%) | 3.3750 | 3.3475 | 3.5480 | 3.6550 |
| Weighted Average Accepted Yield (%) | 3.3621 | 3.3431 | 3.5380 | 3.6450 |
| Weighted Average Rejected Yield (%) | 3.3901 | 3.5578 | 3.5650 | 3.6808 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 5.60. | 70.40 | 100.00 | 25.00 |
| Coverage ratio | 2.42 | 2.48 | 1.78 | 3.09 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Aug 11 #826 | Jun 23 #819 | Jun 09 #817 | May 26- #815 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 150 | 100 | 100 | 100 |
| Total Amount Allocated ($million) | 150 | 100 | 100 | 100 |
| Total Number of Bids Received | 34 | 32 | 30 | 45 |
| Total Amount of Bids Received ($million) | 420 | 275 | 157 | 494 |
| Total Number of Successful Bids | 9 | 9 | 20 | 12 |
| Highest Yield Accepted (%) | 3.4375 | 4.0075 | 3.8800 | 3.5500 |
| Lowest Yield Accepted (%) | 3.4225 | 3.9775 | 3.8150 | 3.5100 |
| Highest Yield Rejected (%) | 3.4775 | 4.0625 | 3.9280 | 3.6050 |
| Lowest Yield Rejected (%) | 3.4375 | 4.0075 | 3.8800 | 3.5500 |
| Weighted Average Accepted Yield (%) | 3.4300 | 3.9956 | 3.8670 | 3.5384 |
| Weighted Average Rejected Yield (%) | 3.4526 | 4.0246 | 3.9080 | 3.5700 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 6.80 | 66.70 | 80.00 | 93.80 |
| Coverage ratio | 2.80 | 2.75 | 1.57 | 4.94 |
(3) Series Offered : 2.75% 15 Apr 2037
| Aug 11 - #826 | Jul 28 - #822 | Jul 14 - #822 | Feb 24 - #803 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 100 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 100 |
| Total Number of Bids Received | 24 | 25 | 26 | 28 |
| Total Amount of Bids Received ($million) | 88 | 130 | 186 | 294 |
| Total Number of Successful Bids | 17 | 7 | 6 | 4 |
| Highest Yield Accepted (%) | 3.7500 | 3.6650 | 3.9200 | 3.0180 |
| Lowest Yield Accepted (%) | 3.6975 | 3.6500 | 3.8975 | 2.9950 |
| Highest Yield Rejected (%) | 3.7700 | 3.7700 | 4.0125 | 3.1100 |
| Lowest Yield Rejected (%) | 3.7500 | 3.6650 | 3.9200 | 3.0180 |
| Weighted Average Accepted Yield (%) | 3.7356 | 3.6570 | 3.9102 | 3.0160 |
| Weighted Average Rejected Yield (%) | 3.7532 | 3.7006 | 3.9423 | 3.0440 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 17.60 | 33.30 | 50.00 | 66.0 |
| Coverage ratio | 1.76 | 2.60 | 3.72 | 2.94 |
*Individual allotments may vary due to rounding.
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