Bonds
/ news
NZ Govt Bond Tender #880; Tender Date 19 Oct 2023
20th Oct 23, 2:40pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 880 held on Oct 19, 2023.
Tender Date: Thursday, Oct 19, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, 25 Oct 2023
(1) Series Offered : 0.50% 15 May 2026
| Oct 19 #880 | Sep 14 #875 | Aug 10 #870 | Jul 27 #868 | |
| Series Offered | ||||
| Total Amount offered ($million) | 200 | 200 | 275 | 225 |
| Total Amount Allocated ($million) | 200 | 200 | 275 | 225 |
| Total Number of bids Received | 42 | 34 | 45 | 49 |
| Total Amount of bids Received ($million) | 738 | 475 | 762 | 753 |
| Total Number of Successful bids | 3 | 21 | 28 | 14 |
| Highest Yield Accepted (%) | 5.4400 | 5.2175 | 5.0750 | 4.9600 |
| Lowest Yield Accepted (%) | 5.4325 | 5.1900 | 5.0450 | 4.9475 |
| Highest Yield Rejected (%) | 5.5475 | 5.2825 | 5.3075 | 5.1225 |
| Lowest Yield Rejected (%) | 5.4400 | 5.2175 | 5.0750 | 4.9600 |
| Weighted Average Accepted Yield (%) | 5.4281 | 5.2025 | 5.0600 | 4.9505 |
| Weighted Average Rejected Yield (%) | 5.4655 | 5.2312 | 5.1682 | 5.0080 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 88.20 | 34.30 | 34.30 | 17.30 |
| Coverage ratio | 3.69 | 2.37 | 2.77 | 3.35 |
(2) Series Offered : 4.25% 15 May 2034
| Oct 19 #880 | Sep 28 #877 | Aug 3 #869 | Jun 29- #865 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 200 | 200 | 175 | 150 |
| Total Amount Allocated ($million) | 200 | 200 | 175 | 150 |
| Total Number of Bids Received | 47 | 31 | 36 | 37 |
| Total Amount of Bids Received ($million) | 766 | 346 | 340 | 501 |
| Total Number of Successful Bids | 9 | 19 | 29 | 9 |
| Highest Yield Accepted (%) | 5.5975 | 5.3200 | 4.7900 | 4.5700 |
| Lowest Yield Accepted (%) | 5.5875 | 5.2825 | 4.7450 | 4.5525 |
| Highest Yield Rejected (%) | 5.6525 | 5.3600 | 4.9200 | 4.8250 |
| Lowest Yield Rejected (%) | 5.5975 | 5.3200 | 4.7900 | 4.5700 |
| Weighted Average Accepted Yield (%) | 5.5932 | 5.3064 | 4.7699 | 4.5577 |
| Weighted Average Rejected Yield (%) | 5.6130 | 5.3368 | 4.8574 | 4.6608 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 32.30 | 66.20 | 39.40 | 12.50 |
| Coverage ratio | 3.83 | 1.73 | 1.94 | 3.34 |
(3) Series Offered : 1.75% 15 May 2041
| Oct 19 #880 | Sep 14 #875 | Aug 31 #873 | Aug 17 #871 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 100 | 100 | 100 | 75 |
| Total Amount Allocated ($million) | 100 | 100 | 100 | 75 |
| Total Number of Bids Received | 37 | 41 | 45 | 34 |
| Total Amount of Bids Received ($million) | 249 | 221 | 307 | 213 |
| Total Number of Successful Bids | 14 | 19 | 8 | 12 |
| Highest Yield Accepted (%) | 5.7750 | 5.1750 | 5.0850 | 5.2725 |
| Lowest Yield Accepted (%) | 5.7475 | 5.1575 | 5.0700 | 5.2525 |
| Highest Yield Rejected (%) | 5.8975 | 5.2425 | 5.2150 | 5.3600 |
| Lowest Yield Rejected (%) | 5.7750 | 5.1750 | 5.0850 | 5.2725 |
| Weighted Average Accepted Yield (%) | 5.7636 | 5.1676 | 5.0802 | 5.2668 |
| Weighted Average Rejected Yield (%) | 5.8148 | 5.2076 | 5.1231 | 5.3123 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 53.30 | 83.30 | 66.70 | 88.20 |
| Coverage ratio | 2.49 | 2.21 | 3.07 | 2.84 |
*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.