Bonds
/ news
NZ Govt Bond Tender #867; Tender Date 20 July 2023
20th Jul 23, 2:45pm
by
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.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.