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NZ Govt Bond Tender #869; Tender Date 3 Aug 2023
3rd Aug 23, 2:45pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 869 held on Aug 3, 2023.
Tender Date: Thursday, Aug 3, 2023.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 8 Aug 2023
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Aug 3- #869 | Jul 20- #867 | Jun 15- #863 | Jun 1- #861 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 250 | 225 | 200 | 200 |
| Total Amount Allocated ($million) | 250 | 225 | 200 | 200 |
| Total Number of Bids Received | 45 | 45 | 28 | 27 |
| Total Amount of Bids Received ($million) | 477 | 603 | 495 | 528 |
| Total Number of Successful Bids | 33 | 16 | 16 | 17 |
| Highest Yield Accepted (%) | 4.7525 | 4.6525 | 4.4950 | 4.2400 |
| Lowest Yield Accepted (%) | 4.7125 | 4.6300 | 4.4600 | 4.1950 |
| Highest Yield Rejected (%) | 4.8825 | 4.8075 | 4.6200 | 4.3600 |
| Lowest Yield Rejected (%) | 4.7525 | 4.6525 | 4.4950 | 4.2400 |
| Weighted Average Accepted Yield (%) | 4.7301 | 4.6373 | 4.4806 | 4.2203 |
| Weighted Average Rejected Yield (%) | 4.8189 | 4.7155 | 4.5496 | 4.2929 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 81.50 | 50.00 | 56.00 | 34.00 |
| Coverage ratio | 1.91 | 2.68 | 2.47 | 2.64 |
(2) Series Offered : 4.25% 15 May 2034
| Aug 3 #869 | Jun 29- #865 | Jun 1- #861 | Apr 20- #855 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 175 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 175 | 150 | 150 | 150 |
| Total Number of Bids Received | 36 | 37 | 32 | 44 |
| Total Amount of Bids Received ($million) | 340 | 501 | 412 | 620 |
| Total Number of Successful Bids | 29 | 9 | 9 | 7 |
| Highest Yield Accepted (%) | 4.7900 | 4.5700 | 4.3025 | 4.2775 |
| Lowest Yield Accepted (%) | 4.7450 | 4.5525 | 4.2725 | 4.2650 |
| Highest Yield Rejected (%) | 4.9200 | 4.8250 | 4.4525 | 4.4400 |
| Lowest Yield Rejected (%) | 4.7900 | 4.5700 | 4.3050 | 4.2775 |
| Weighted Average Accepted Yield (%) | 4.7699 | 4.5577 | 4.2907 | 4.2740 |
| Weighted Average Rejected Yield (%) | 4.8574 | 4.6608 | 4.3467 | 4.3158 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 39.40 | 12.50 | 100.00 | 71.40 |
| Coverage ratio | 1.94 | 3.34 | 2.75 | 4.13 |
(3) Series Offered : 2.75% 15 May 2051
| Aug 3 #869 | Jul 27 #868 | Jul 13 #866 | Jun 29- #865 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 75 | 50 | 100 | 50 |
| Total Amount Allocated ($million) | 75 | 50 | 100 | 50 |
| Total Number of Bids Received | 31 | 34 | 52 | 30 |
| Total Amount of Bids Received ($million) | 220 | 200 | 371 | 146 |
| Total Number of Successful Bids | 9 | 1 | 4 | 14 |
| Highest Yield Accepted (%) | 4.9150 | 4.7775 | 4.8050 | 4.6650 |
| Lowest Yield Accepted (%) | 4.9025 | 4.7775 | 4.7950 | 4.6400 |
| Highest Yield Rejected (%) | 4.9850 | 4.9125 | 5.0375 | 4.8550 |
| Lowest Yield Rejected (%) | 4.9200 | 4.7775 | 4.8050 | 4.6650 |
| Weighted Average Accepted Yield (%) | 4.9098 | 4.7775 | 4.7994 | 4.6520 |
| Weighted Average Rejected Yield (%) | 4.9519 | 4.8366 | 4.8732 | 4.7373 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 83.30 | 80.00 | 20.00 |
| Coverage ratio | 2.93 | 4.00 | 3.71 | 2.9 |
*Individual allotments may vary due to rounding.
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