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NZ Govt Bond Tender #882; Tender Date 2 Nov 2023
2nd Nov 23, 2:45pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 882 held on Nov 2, 2023.
Tender Date: Thursday, Nov 2, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, 7 Nov 2023
(1) Nominal Bonds - Series Offered : 4.50% 15 May 2030
| Nov 2 #882 | Oct 12 #879 | Sep 7 #874 | Jun 22- #864 | |
| Series Offered : 4.50% 15 May 2030 | ||||
| Total Amount Offered ($million) | 225 | 200 | 225 | 200 |
| Total Amount Allocated ($million) | 225 | 200 | 225 | 200 |
| Total Number of Bids Received | 63 | 47 | 41 | 50 |
| Total Amount of Bids Received ($million) | 1,046 | 516 | 554 | 820 |
| Total Number of Successful Bids | 4 | 12 | 22 | 10 |
| Highest Yield Accepted (%) | 5.1975 | 5.3200 | 5.0125 | 4.5050 |
| Lowest Yield Accepted (%) | 5.1925 | 5.3025 | 4.9850 | 4.4900 |
| Highest Yield Rejected (%) | 5.3450 | 5.4575 | 5.0900 | 4.6700 |
| Lowest Yield Rejected (%) | 5.1975 | 5.3200 | 5.0125 | 4.5050 |
| Weighted Average Accepted Yield (%) | 5.1929 | 5.3128 | 5.0017 | 4.4954 |
| Weighted Average Rejected Yield (%) | 5.2254 | 5.3585 | 5.0438 | 4.5563 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 12.20 | 53.10 | 90.90 | 82.30 |
| Coverage ratio | 4.65 | 2.58 | 2.46 | 4.10 |
(2) Series Offered : 4.25% 15 May 2034
| Nov 2 #882 | Oct 19 #880 | Sep 28 #877 | Aug 3 #869 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 175 | 200 | 200 | 175 |
| Total Amount Allocated ($million) | 175 | 200 | 200 | 175 |
| Total Number of Bids Received | 52 | 47 | 31 | 36 |
| Total Amount of Bids Received ($million) | 693 | 766 | 346 | 340 |
| Total Number of Successful Bids | 5 | 9 | 19 | 29 |
| Highest Yield Accepted (%) | 5.3500 | 5.5975 | 5.3200 | 4.7900 |
| Lowest Yield Accepted (%) | 5.3450 | 5.5875 | 5.2825 | 4.7450 |
| Highest Yield Rejected (%) | 5.4975 | 5.6525 | 5.3600 | 4.9200 |
| Lowest Yield Rejected (%) | 5.3500 | 5.5975 | 5.3200 | 4.7900 |
| Weighted Average Accepted Yield (%) | 5.3481 | 5.5932 | 5.3064 | 4.7699 |
| Weighted Average Rejected Yield (%) | 5.3751 | 5.6130 | 5.3368 | 4.8574 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 53.70 | 32.30 | 66.20 | 39.40 |
| Coverage ratio | 3.96 | 3.83 | 1.73 | 1.94 |
(3) Series Offered : 2.75% 15 May 2051
| Nov 2 #882 | Oct 12 #879 | Sep 28- #877 | Sep 21- #876 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 100 | 75 | 75 | 75 |
| Total Amount Allocated ($million) | 100 | 75 | 75 | 75 |
| Total Number of Bids Received | 36 | 31 | 31 | 40 |
| Total Amount of Bids Received ($million) | 235 | 227 | 183 | 266 |
| Total Number of Successful Bids | 14 | 5 | 12 | 13 |
| Highest Yield Accepted (%) | 5.4400 | 5.5400 | 5.4725 | 5.3400 |
| Lowest Yield Accepted (%) | 5.4150 | 5.5225 | 5.4500 | 5.3300 |
| Highest Yield Rejected (%) | 5.5800 | 5.6125 | 5.5250 | 5.4000 |
| Lowest Yield Rejected (%) | 5.4400 | 5.5400 | 5.4725 | 5.3400 |
| Weighted Average Accepted Yield (%) | 5.4276 | 5.5308 | 5.4610 | 5.3361 |
| Weighted Average Rejected Yield (%) | 5.4810 | 5.5670 | 5.4916 | 5.3580 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 6.70 | 62.50 | 47.60 | 87.10 |
| Coverage ratio | 2.35 | 3.02 | 2.44 | 3.55 |
*Individual allotments may vary due to rounding.7
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