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NZ Govt Bond Tender #879; Tender Date 12 Oct 2023
12th Oct 23, 2:45pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 879 held on Oct 12, 2023.
Tender Date: Thursday, Oct 12, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, 17 Oct 2023
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Oct 12 #879 | Sep 7 #874 | Jun 22- #864 | Jun 8- #862 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 200 | 225 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 225 | 200 | 200 |
| Total Number of Bids Received | 47 | 41 | 50 | 34 |
| Total Amount of Bids Received ($million) | 516 | 554 | 820 | 448 |
| Total Number of Successful Bids | 12 | 22 | 10 | 20 |
| Highest Yield Accepted (%) | 5.3200 | 5.0125 | 4.5050 | 4.5400 |
| Lowest Yield Accepted (%) | 5.3025 | 4.9850 | 4.4900 | 4.4925 |
| Highest Yield Rejected (%) | 5.4575 | 5.0900 | 4.6700 | 4.7150 |
| Lowest Yield Rejected (%) | 5.3200 | 5.0125 | 4.5050 | 4.5400 |
| Weighted Average Accepted Yield (%) | 5.3128 | 5.0017 | 4.4954 | 4.5220 |
| Weighted Average Rejected Yield (%) | 5.3585 | 5.0438 | 4.5563 | 4.6164 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 53.10 | 90.90 | 82.30 | 96.70 |
| Coverage ratio | 2.58 | 2.46 | 4.10 | 2.24 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Oct 12 #879 | Sep 7 #874 | Aug 24 #872 | Aug 10 #870 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 225 | 175 | 150 | 150 |
| Total Amount Allocated ($million) | 225 | 175 | 150 | 150 |
| Total Number of Bids Received | 50 | 59 | 42 | 47 |
| Total Amount of Bids Received ($million) | 555 | 708 | 467 | 452 |
| Total Number of Successful Bids | 6 | 10 | 20 | 23 |
| Highest Yield Accepted (%) | 5.3500 | 5.0100 | 4.9800 | 4.8150 |
| Lowest Yield Accepted (%) | 5.3350 | 5.0025 | 4.9525 | 4.7925 |
| Highest Yield Rejected (%) | 5.5175 | 5.1125 | 5.0300 | 5.0550 |
| Lowest Yield Rejected (%) | 5.3500 | 5.0100 | 4.9800 | 4.8150 |
| Weighted Average Accepted Yield (%) | 5.3413 | 5.0085 | 4.9719 | 4.8033 |
| Weighted Average Rejected Yield (%) | 5.4055 | 5.0312 | 4.9926 | 4.8987 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 27.50 | 76.80 | 39.70 | 12.90 |
| Coverage ratio | 2.47 | 4.045 | 3.11 | 3.01 |
(3) Series Offered : 2.75% 15 May 2051
| Oct 12 #879 | Sep 28- #877 | Sep 21- #876 | Aug 24 #872 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 75 | 75 | 75 | 100 |
| Total Amount Allocated ($million) | 75 | 75 | 75 | 100 |
| Total Number of Bids Received | 31 | 31 | 40 | 37 |
| Total Amount of Bids Received ($million) | 227 | 183 | 266 | 308 |
| Total Number of Successful Bids | 5 | 12 | 13 | 14 |
| Highest Yield Accepted (%) | 5.5400 | 5.4725 | 5.3400 | 5.1500 |
| Lowest Yield Accepted (%) | 5.5225 | 5.4500 | 5.3300 | 5.1225 |
| Highest Yield Rejected (%) | 5.6125 | 5.5250 | 5.4000 | 5.2450 |
| Lowest Yield Rejected (%) | 5.5400 | 5.4725 | 5.3400 | 5.1500 |
| Weighted Average Accepted Yield (%) | 5.5308 | 5.4610 | 5.3361 | 5.1405 |
| Weighted Average Rejected Yield (%) | 5.5670 | 5.4916 | 5.3580 | 5.1643 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 62.50 | 47.60 | 87.10 | 16.50 |
| Coverage ratio | 3.02 | 2.44 | 3.55 | 3.08 |
*Individual allotments may vary due to rounding.7
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