Bonds
/ news
NZ Govt Bond Tender #881; Tender Date 26 Oct 2023
26th Oct 23, 2:45pm
by

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 881 held on Oct 26, 2023.
Tender Date: Thursday, Aug 24, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, 31 Oct 2023
(1) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
Oct 26 #881 | Aug 24 #872 | Mar 23- #851 | Feb 23- #848 | |
Series Offered : 4.50% 15 Apr 2027 | ||||
Total Amount offered ($million) | 200 | 250 | 200 | 200 |
Total Amount Allocated ($million) | 200 | 250 | 200 | 200 |
Total Number of bids Received | 42 | 34 | 47 | 32 |
Total Amount of bids Received ($million) | 528 | 342 | 558 | 491 |
Total Number of Successful bids | 10 | 31 | 19 | 21 |
Highest Yield Accepted (%) | 5.3325 | 5.0950 | 4.2500 | 4.6875 |
Lowest Yield Accepted (%) | 5.3100 | 5.0400 | 4.2275 | 4.6325 |
Highest Yield Rejected (%) | 5.4100 | 5.1650 | 4.5500 | 4.8375 |
Lowest Yield Rejected (%) | 5.3325 | 5.0950 | 4.2500 | 4.6875 |
Weighted Average Accepted Yield (%) | 5.3216 | 5.0631 | 4.2385 | 4.6544 |
Weighted Average Rejected Yield (%) | 5.3575 | 5.1358 | 4.3455 | 4.7100 |
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 87.50 | 71.70 | 62.50 | 38.00 |
Coverage ratio | 2.64 | 1.38 | 2.79 | 2.45 |
(2) Series Offered : 3.50% 14 Apr 2033
Oct 26 #881 | Oct 5- #878 | Jun 22- #864 | Jun 8- #862 | |
Series Offered : 3.50% 14 Apr 2033 | ||||
Total Amount Offered ($million) | 200 | 225 | 150 | 150 |
Total Amount Allocated ($million) | 200 | 225 | 150 | 150 |
Total Number of Bids Received | 56 | 47 | 52 | 50 |
Total Amount of Bids Received ($million) | 574 | 381 | 739 | 464 |
Total Number of Successful Bids | 9 | 23 | 7 | 16 |
Highest Yield Accepted (%) | 5.4900 | 5.5475 | 4.5250 | 4.5900 |
Lowest Yield Accepted (%) | 5.4800 | 5.5250 | 4.5200 | 4.5600 |
Highest Yield Rejected (%) | 5.5900 | 5.6500 | 4.7275 | 4.7400 |
Lowest Yield Rejected (%) | 5.5075 | 5.5475 | 4.5250 | 4.5900 |
Weighted Average Accepted Yield (%) | 5.4860 | 5.5353 | 4.5243 | 4.5778 |
Weighted Average Rejected Yield (%) | 5.5322 | 5.5893 | 4.5671 | 4.6403 |
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 40.00 | 76.60 | 45.50 |
Coverage ratio | 2.87 | 1.69 | 4.93 | 3.09 |
(3) Series Offered : 2.75% 15 May 2051
Oct 26 #881 | Aug 24 #872 | Aug 3 #869 | Jul 27 #868 | |
Series Offered : 2.75% 15 May 2051 | ||||
Total Amount Offered ($million) | 100 | 100 | 75 | 50 |
Total Amount Allocated ($million) | 100 | 100 | 75 | 50 |
Total Number of Bids Received | 40 | 37 | 31 | 34 |
Total Amount of Bids Received ($million) | 279 | 308 | 220 | 200 |
Total Number of Successful Bids | 16 | 14 | 9 | 1 |
Highest Yield Accepted (%) | 5.6550 | 5.1500 | 4.9150 | 4.7775 |
Lowest Yield Accepted (%) | 5.6300 | 5.1225 | 4.9025 | 4.7775 |
Highest Yield Rejected (%) | 5.7300 | 5.2450 | 4.9850 | 4.9125 |
Lowest Yield Rejected (%) | 5.6550 | 5.1500 | 4.9200 | 4.7775 |
Weighted Average Accepted Yield (%) | 5.6440 | 5.1405 | 4.9098 | 4.7775 |
Weighted Average Rejected Yield (%) | 5.6674 | 5.1643 | 4.9519 | 4.8366 |
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 15.40 | 16.50 | 100.00 | 83.30 |
Coverage ratio | 2.79 | 3.08 | 2.93 | 4.00 |
*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.