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NZ Govt Bond Tender #866; Tender Date 13 Jul 2023
13th Jul 23, 3:00pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 866 held on Jul 13, 2023.
Tender Date: Thursday, Jul 13, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Jul 19 2023
(1) Series Offered : 0.50% 15 May 2026
| Jul 13 #866 | May 19 #859 | May 4 #857 | Apr 20 #855 | |
| Series Offered | ||||
| Total Amount offered ($million) | 250 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 250 | 200 | 200 | 200 |
| Total Number of bids Received | 39 | 35 | 38 | 45 |
| Total Amount of bids Received ($million) | 623 | 486 | 692 | 854 |
| Total Number of Successful bids | 12 | 20 | 5 | 8 |
| Highest Yield Accepted (%) | 4.8450 | 4.7125 | 4.3275 | 4.3900 |
| Lowest Yield Accepted (%) | 4.8250 | 4.6750 | 4.3125 | 4.3675 |
| Highest Yield Rejected (%) | 5.1050 | 4.9425 | 4.4800 | 4.5125 |
| Lowest Yield Rejected (%) | 4.8450 | 4.7125 | 4.3275 | 4.3900 |
| Weighted Average Accepted Yield (%) | 4.8328 | 4.6924 | 4.3232 | 4.3764 |
| Weighted Average Rejected Yield (%) | 4.9526 | 4.8209 | 4.3689 | 4.4275 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 50.00 | 26.50 | 50.00 | 19.20 |
| Coverage ratio | 2.49 | 2.43 | 3.46 | 4.27 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Jul 13 #866 | Dec 9 - #796 | Nov 11 - #792 | Nov 11 - #792 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 150 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 150 | 200 | 200 | 200 |
| Total Number of Bids Received | 38 | 28 | 33 | 36 |
| Total Amount of Bids Received ($million) | 503 | 460 | 560 | 737 |
| Total Number of Successful Bids | 5 | 20 | 22 | 9 |
| Highest Yield Accepted (%) | 4.5700 | 2.4525 | 2.5275 | 2.6000 |
| Lowest Yield Accepted (%) | 4.5575 | 2.4050 | 2.4950 | 2.5925 |
| Highest Yield Rejected (%) | 4.7475 | 2.4900 | 2.5750 | 2.6900 |
| Lowest Yield Rejected (%) | 4.5700 | 2.4550 | 2.5275 | 2.6000 |
| Weighted Average Accepted Yield (%) | 4.5658 | 2.4366 | 2.5178 | 2.5975 |
| Weighted Average Rejected Yield (%) | 4.6273 | 2.4690 | 2.5351 | 2.6223 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 100.00 | 7.10 | 53.30 |
| Coverage ratio | 3.35 | 2.30 | 2.80 | 3.68 |
(3) Series Offered : 2.75% 15 May 2051
| Jul 13 #866 | Jun 29- #865 | Jun 15- #863 | Jun 1- #861 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 100 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 100 | 50 | 50 | 50 |
| Total Number of Bids Received | 52 | 30 | 35 | 30 |
| Total Amount of Bids Received ($million) | 371 | 146 | 196 | 224 |
| Total Number of Successful Bids | 4 | 14 | 7 | 1 |
| Highest Yield Accepted (%) | 4.8050 | 4.6650 | 4.6075 | 4.3850 |
| Lowest Yield Accepted (%) | 4.7950 | 4.6400 | 4.5800 | 4.3850 |
| Highest Yield Rejected (%) | 5.0375 | 4.8550 | 4.7000 | 4.5100 |
| Lowest Yield Rejected (%) | 4.8050 | 4.6650 | 4.6075 | 4.3950 |
| Weighted Average Accepted Yield (%) | 4.7994 | 4.6520 | 4.5955 | 4.3850 |
| Weighted Average Rejected Yield (%) | 4.8732 | 4.7373 | 4.6446 | 4.4370 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 80.00 | 20.00 | 50.00 | 100.00 |
| Coverage ratio | 3.71 | 2.92 | 3.92 | 4.48 |
*Individual allotments may vary due to rounding.
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