Bonds
/ news
NZ Govt Bond Tender #877; Tender Date 28 Sep 2023
28th Sep 23, 2:40pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 877 held on Sep 28, 2023.
Tender Date: Thursday, Sep 28, 2023.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 3 Oct 2023
(2) Series Offered : 3.00% 20 Apr 2029
| Sep 28 #877 | Aug 17 - #871 | Sep 22 - #831 | Sep 8 - #829 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 225 | 275 | 150 | 150 |
| Total Amount Allocated ($million) | 225 | 275 | 150 | 150 |
| Total Number of Bids Received | 39 | 51 | 43 | 56 |
| Total Amount of Bids Received ($million) | 371 | 579 | 450 | 607 |
| Total Number of Successful Bids | 21 | 35 | 17 | 8 |
| Highest Yield Accepted (%) | 5.2400 | 5.0300 | 4.0025 | 3.9000 |
| Lowest Yield Accepted (%) | 5.2125 | 4.9800 | 3.9875 | 3.8950 |
| Highest Yield Rejected (%) | 5.2825 | 5.1200 | 4.0750 | 3.9800 |
| Lowest Yield Rejected (%) | 5.2400 | 5.0300 | 4.0025 | 3.9000 |
| Weighted Average Accepted Yield (%) | 5.2260 | 5.0087 | 3.9974 | 3.8978 |
| Weighted Average Rejected Yield (%) | 5.2522 | 5.0602 | 4.0258 | 3.9172 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 46.20 | 28.00 | 90.00 | 93.80 |
| Coverage ratio | 1.65 | 2.10 | 3.00 | 4.05 |
(2) Series Offered : 4.25% 15 May 2034
| Sep 28 #877 | Aug 3 #869 | Jun 29- #865 | Jun 1- #861 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 200 | 175 | 150 | 150 |
| Total Amount Allocated ($million) | 200 | 175 | 150 | 150 |
| Total Number of Bids Received | 31 | 36 | 37 | 32 |
| Total Amount of Bids Received ($million) | 346 | 340 | 501 | 412 |
| Total Number of Successful Bids | 19 | 29 | 9 | 9 |
| Highest Yield Accepted (%) | 5.3200 | 4.7900 | 4.5700 | 4.3025 |
| Lowest Yield Accepted (%) | 5.2825 | 4.7450 | 4.5525 | 4.2725 |
| Highest Yield Rejected (%) | 5.3600 | 4.9200 | 4.8250 | 4.4525 |
| Lowest Yield Rejected (%) | 5.3200 | 4.7900 | 4.5700 | 4.3050 |
| Weighted Average Accepted Yield (%) | 5.3064 | 4.7699 | 4.5577 | 4.2907 |
| Weighted Average Rejected Yield (%) | 5.3368 | 4.8574 | 4.6608 | 4.3467 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 66.20 | 39.40 | 12.50 | 100.00 |
| Coverage ratio | 1.73 | 1.94 | 3.34 | 2.75 |
(3) Series Offered : 2.75% 15 May 2051
| Sep 28- #877 | Sep 21- #876 | Aug 24 #872 | Aug 3 #869 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 75 | 75 | 100 | 75 |
| Total Amount Allocated ($million) | 75 | 75 | 100 | 75 |
| Total Number of Bids Received | 31 | 40 | 37 | 31 |
| Total Amount of Bids Received ($million) | 183 | 266 | 308 | 220 |
| Total Number of Successful Bids | 12 | 13 | 14 | 9 |
| Highest Yield Accepted (%) | 5.4725 | 5.3400 | 5.1500 | 4.9150 |
| Lowest Yield Accepted (%) | 5.4500 | 5.3300 | 5.1225 | 4.9025 |
| Highest Yield Rejected (%) | 5.5250 | 5.4000 | 5.2450 | 4.9850 |
| Lowest Yield Rejected (%) | 5.4725 | 5.3400 | 5.1500 | 4.9200 |
| Weighted Average Accepted Yield (%) | 5.4610 | 5.3361 | 5.1405 | 4.9098 |
| Weighted Average Rejected Yield (%) | 5.4916 | 5.3580 | 5.1643 | 4.9519 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 47.60 | 87.10 | 16.50 | 100.00 |
| Coverage ratio | 2.44 | 3.55 | 3.08 | 2.93 |
*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.