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NZ Govt Bond Tender #876; Tender Date 21 Sep 2023
21st Sep 23, 2:50pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 876 held on Sep 21, 2023.
Tender Date: Thursday, Sep 21, 2023.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 26 Sep 2023
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Sep 21- #876 | Aug 31- #873 | Aug 3- #869 | Jul 20- #867 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 200 | 225 | 250 | 225 |
| Total Amount Allocated ($million) | 200 | 225 | 250 | 225 |
| Total Number of Bids Received | 29 | 40 | 45 | 45 |
| Total Amount of Bids Received ($million) | 460 | 477 | 477 | 603 |
| Total Number of Successful Bids | 14 | 24 | 33 | 16 |
| Highest Yield Accepted (%) | 5.2175 | 4.9400 | 4.7525 | 4.6525 |
| Lowest Yield Accepted (%) | 5.1925 | 4.9000 | 4.7125 | 4.6300 |
| Highest Yield Rejected (%) | 5.2975 | 5.0875 | 4.8825 | 4.8075 |
| Lowest Yield Rejected (%) | 5.2175 | 4.9400 | 4.7525 | 4.6525 |
| Weighted Average Accepted Yield (%) | 5.2077 | 4.9195 | 4.7301 | 4.6373 |
| Weighted Average Rejected Yield (%) | 5.2475 | 4.9835 | 4.8189 | 4.7155 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 6.00 | 81.50 | 50.00 |
| Coverage ratio | 2.30 | 2.12 | 1.91 | 2.68 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Sep 21- #876 | Sep 7 #874 | Aug 24 #872 | Aug 10 #870 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 225 | 175 | 150 | 150 |
| Total Amount Allocated ($million) | 225 | 175 | 150 | 150 |
| Total Number of Bids Received | 56 | 59 | 42 | 47 |
| Total Amount of Bids Received ($million) | 671 | 708 | 467 | 452 |
| Total Number of Successful Bids | 17 | 10 | 20 | 23 |
| Highest Yield Accepted (%) | 5.1650 | 5.0100 | 4.9800 | 4.8150 |
| Lowest Yield Accepted (%) | 5.1525 | 5.0025 | 4.9525 | 4.7925 |
| Highest Yield Rejected (%) | 5.2700 | 5.1125 | 5.0300 | 5.0550 |
| Lowest Yield Rejected (%) | 5.1650 | 5.0100 | 4.9800 | 4.8150 |
| Weighted Average Accepted Yield (%) | 5.1596 | 5.0085 | 4.9719 | 4.8033 |
| Weighted Average Rejected Yield (%) | 5.1959 | 5.0312 | 4.9926 | 4.8987 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 78.20 | 76.80 | 39.70 | 12.90 |
| Coverage ratio | 2.98 | 4.04 | 3.11 | 3.01 |
(3) Series Offered : 2.75% 15 May 2051
| Sep 21- #876 | Aug 24 #872 | Aug 3 #869 | Jul 27 #868 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 75 | 100 | 75 | 50 |
| Total Amount Allocated ($million) | 75 | 100 | 75 | 50 |
| Total Number of Bids Received | 40 | 37 | 31 | 34 |
| Total Amount of Bids Received ($million) | 266 | 308 | 220 | 200 |
| Total Number of Successful Bids | 13 | 14 | 9 | 1 |
| Highest Yield Accepted (%) | 5.3400 | 5.1500 | 4.9150 | 4.7775 |
| Lowest Yield Accepted (%) | 5.3300 | 5.1225 | 4.9025 | 4.7775 |
| Highest Yield Rejected (%) | 5.4000 | 5.2450 | 4.9850 | 4.9125 |
| Lowest Yield Rejected (%) | 5.3400 | 5.1500 | 4.9200 | 4.7775 |
| Weighted Average Accepted Yield (%) | 5.3361 | 5.1405 | 4.9098 | 4.7775 |
| Weighted Average Rejected Yield (%) | 5.3580 | 5.1643 | 4.9519 | 4.8366 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 87.10 | 16.50 | 100.00 | 83.30 |
| Coverage ratio | 3.55 | 3.08 | 2.93 | 4.00 |
*Individual allotments may vary due to rounding.
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