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NZ Govt Bond Tender #892; Tender Date 8 Feb 2024
8th Feb 24, 2:50pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 892 held on Feb 8, 2024.
Tender Date: Thursday, Feb 8, 2024.
Bids close: 2.30pm
Results: From 2.35pm
Settlement Date: Tuesday, 13 Feb 2024
(1) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Feb 8 #892 | Dec 7 #887 | Sep 14 #875 | Aug 31- #873 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 275 | 200 | 200 | 175 |
| Total Amount Allocated ($million) | 275 | 200 | 200 | 175 |
| Total Number of Bids Received | 46 | 41 | 43 | 63 |
| Total Amount of Bids Received ($million) | 904 | 728 | 630 | 554 |
| Total Number of Successful Bids | 17 | 9 | 9 | 22 |
| Highest Yield Accepted (%) | 4.6800 | 4.7950 | 4.9525 | 4.9000 |
| Lowest Yield Accepted (%) | 4.6500 | 4.7825 | 4.9400 | 4.8850 |
| Highest Yield Rejected (%) | 4.8150 | 4.9125 | 5.0375 | 5.0250 |
| Lowest Yield Rejected (%) | 4.6800 | 4.7950 | 4.9525 | 4.9000 |
| Weighted Average Accepted Yield (%) | 4.6720 | 4.7875 | 4.9459 | 4.8928 |
| Weighted Average Rejected Yield (%) | 4.6995 | 4.8196 | 4.9776 | 4.9303 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 32.30 | 42.9 | 46.90 | 54.80 |
| Coverage ratio | 3.28 | 3.64 | 3.15 | 3.16 |
(2) Series Offered : 3.50% 14 Apr 2033
| Feb 8 #892 | Feb 1 #891 | Dec 14 #889 | Nov 23 #888 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 150 | 175 | 175 | 225 |
| Total Amount Allocated ($million) | 150 | 175 | 175 | 225 |
| Total Number of Bids Received | 40 | 25 | 30 | 48 |
| Total Amount of Bids Received ($million) | 424 | 231 | 239 | 603 |
| Total Number of Successful Bids | 23 | 14 | 27 | 13 |
| Highest Yield Accepted (%) | 4.7550 | 4.5425 | 4.6775 | 4.5675 |
| Lowest Yield Accepted (%) | 4.7150 | 4.4875 | 4.6400 | 4.5500 |
| Highest Yield Rejected (%) | 4.8050 | 4.5775 | 4.7000 | 4.7200 |
| Lowest Yield Rejected (%) | 4.7550 | 4.5475 | 4.6775 | 4.5675 |
| Weighted Average Accepted Yield (%) | 4.7454 | 4.5127 | 4.6595 | 4.5572 |
| Weighted Average Rejected Yield (%) | 4.7717 | 4.5593 | 4.6867 | 4.6121 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | ||||
| Coverage ratio | 2.82 | 1.32 | 1.37 | 32.68 |
(3) Series Offered : 2.75% 15 Apr 2037
| Feb 8 #892 | Jan 25 #890 | Jan 18 #889 | Nov 23 #885 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 75 | 75 | 50 | 50 |
| Total Amount Allocated ($million) | 75 | 75 | 50 | 50 |
| Total Number of Bids Received | 30 | 36 | 28 | 28 |
| Total Amount of Bids Received ($million) | 165 | 253 | 158 | 213 |
| Total Number of Successful Bids | 18 | 13 | 6 | 9 |
| Highest Yield Accepted (%) | 4.9575 | 4.9325 | 4.8700 | 5.1000 |
| Lowest Yield Accepted (%) | 4.9375 | 4.9100 | 4.8550 | 5.0850 |
| Highest Yield Rejected (%) | 5.0075 | 4.9925 | 4.9375 | 5.1700 |
| Lowest Yield Rejected (%) | 4.9575 | 4.9325 | 4.8700 | 5.1000 |
| Weighted Average Accepted Yield (%) | 4.9499 | 4.9223 | 4.8628 | 5.0936 |
| Weighted Average Rejected Yield (%) | 4.9743 | 4.9482 | 4.8907 | 5.1258 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 28.60 | 45.20 | 43.20 | 54.20 |
| Coverage ratio | 2.20 | 3.37 | 3.16 | 4.26 |
*Individual allotments may vary due to rounding.
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