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NZ Govt Bond Tender #865; Tender Date 29 June 2023
29th Jun 23, 2:41pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 865 held on Jun 29, 2023.
Tender Date: Thursday, Jun 29, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, 4 Jul 2023
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Jun 29- #865 | Jun 15- #863 | Jun 1- #861 | May 25- #860 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of Bids Received | 52 | 28 | 27 | 43 |
| Total Amount of Bids Received ($million) | 711 | 495 | 528 | 680 |
| Total Number of Successful Bids | 16 | 16 | 17 | 15 |
| Highest Yield Accepted (%) | 4.4900 | 4.4950 | 4.2400 | 4.3150 |
| Lowest Yield Accepted (%) | 4.4750 | 4.4600 | 4.1950 | 4.2900 |
| Highest Yield Rejected (%) | 4.6675 | 4.6200 | 4.3600 | 4.4650 |
| Lowest Yield Rejected (%) | 4.4900 | 4.4950 | 4.2400 | 4.3150 |
| Weighted Average Accepted Yield (%) | 4.4832 | 4.4806 | 4.2203 | 4.3020 |
| Weighted Average Rejected Yield (%) | 4.5392 | 4.5496 | 4.2929 | 4.3616 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 28.30 | 56.00 | 34.00 | 35.50 |
| Coverage ratio | 3.55 | 2.47 | 2.64 | 3.40 |
(2) Series Offered : 4.25% 15 May 2034
| Jun 29- #865 | Jun 15- #863 | Jun 1- #861 | Apr 20- #855 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 37 | 37 | 32 | 44 |
| Total Amount of Bids Received ($million) | 501 | 497 | 412 | 620 |
| Total Number of Successful Bids | 9 | 12 | 9 | 7 |
| Highest Yield Accepted (%) | 4.5700 | 4.5425 | 4.3025 | 4.2775 |
| Lowest Yield Accepted (%) | 4.5525 | 4.5275 | 4.2725 | 4.2650 |
| Highest Yield Rejected (%) | 4.8250 | 4.6775 | 4.4525 | 4.4400 |
| Lowest Yield Rejected (%) | 4.5700 | 4.5425 | 4.3050 | 4.2775 |
| Weighted Average Accepted Yield (%) | 4.5577 | 4.5338 | 4.2907 | 4.2740 |
| Weighted Average Rejected Yield (%) | 4.6608 | 4.5915 | 4.3467 | 4.3158 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 12.50 | 24.00 | 100.00 | 71.40 |
| Coverage ratio | 3.34 | 3.31 | 2.75 | 4.13 |
(3) Series Offered : 2.75% 15 May 2051
| Jun 29- #865 | Jun 15- #863 | Jun 1- #861 | May 25- #860 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 30 | 35 | 30 | 25 |
| Total Amount of Bids Received ($million) | 146 | 196 | 224 | 123 |
| Total Number of Successful Bids | 14 | 7 | 1 | 10 |
| Highest Yield Accepted (%) | 4.6650 | 4.6075 | 4.3850 | 4.5300 |
| Lowest Yield Accepted (%) | 4.6400 | 4.5800 | 4.3850 | 4.4925 |
| Highest Yield Rejected (%) | 4.8550 | 4.7000 | 4.5100 | 4.6725 |
| Lowest Yield Rejected (%) | 4.6650 | 4.6075 | 4.3950 | 4.5300 |
| Weighted Average Accepted Yield (%) | 4.6520 | 4.5955 | 4.3850 | 4.5149 |
| Weighted Average Rejected Yield (%) | 4.7373 | 4.6446 | 4.4370 | 4.5811 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 20.00 | 50.00 | 100.00 | 27.30 |
| Coverage ratio | 2.92 | 3.92 | 4.48 | 2.46 |
*Individual allotments may vary due to rounding.
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