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NZ Govt Bond Tender #849; Tender Date 2 Mar 2023
2nd Mar 23, 2:10pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 849 held on Mar 2, 2023.
Tender Date: Thursday, Mar 2, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Mar 7 2023
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Mar 2- #849 | Feb 16- #847 | Feb 2- #845 | Jan 19- #843 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of Bids Received | 47 | 56 | 35 | 42 |
| Total Amount of Bids Received ($million) | 634 | 697 | 495 | 583 |
| Total Number of Successful Bids | 21 | 27 | 17 | 9 |
| Highest Yield Accepted (%) | 4.6300 | 4.3300 | 3.9500 | 3.9475 |
| Lowest Yield Accepted (%) | 4.6000 | 4.2900 | 3.9250 | 3.9175 |
| Highest Yield Rejected (%) | 4.8000 | 4.5100 | 3.9900 | 3.9850 |
| Lowest Yield Rejected (%) | 4.6300 | 4.3300 | 3.9500 | 3.9475 |
| Weighted Average Accepted Yield (%) | 4.6147 | 4.3164 | 3.9361 | 3.9434 |
| Weighted Average Rejected Yield (%) | 4.7002 | 4.3791 | 3.9621 | 3.9600 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 65.00 | 73.30 | 27.30 | 59.40 |
| Coverage ratio | 3.17 | 3.48 | 2.47 | 2.92 |
(2) Series Offered : 3.50% 14 Apr 2033
| Mar 2- #849 | Feb 16- #847 | Feb 2- #845 | Jan 26- #844 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 41 | 36 | 61 | 34 |
| Total Amount of Bids Received ($million) | 433 | 385 | 475 | 260 |
| Total Number of Successful Bids | 23 | 20 | 19 | 20 |
| Highest Yield Accepted (%) | 4.6400 | 4.3700 | 4.1000 | 4.0750 |
| Lowest Yield Accepted (%) | 4.5700 | 4.3250 | 4.0725 | 4.0375 |
| Highest Yield Rejected (%) | 4.8050 | 4.5300 | 4.1600 | 4.1300 |
| Lowest Yield Rejected (%) | 4.6400 | 4.3700 | 4.1000 | 4.0750 |
| Weighted Average Accepted Yield (%) | 4.6044 | 4.3447 | 4.0857 | 4.0534 |
| Weighted Average Rejected Yield (%) | 4.7081 | 4.4408 | 4.1136 | 4.0911 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 3.20 | 69.60 | 4.70 | 28.60 |
| Coverage ratio | 2.89 | 2.57 | 3.16 | 1.73 |
(3) Series Offered : 2.75% 15 May 2051
| Mar 2- #849 | Feb 23- #848 | Feb 9- #846 | Jan 26- #844 | |
| Series Offered : 2.75% 15 May 2051 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 23 | 20 | 20 | 21 |
| Total Amount of Bids Received ($million) | 152 | 106 | 148 | 71 |
| Total Number of Successful Bids | 1 | 10 | 1 | 15 |
| Highest Yield Accepted (%) | 4.6300 | 4.7600 | 4.2375 | 4.3200 |
| Lowest Yield Accepted (%) | 4.6300 | 4.7325 | 4.2375 | 4.2525 |
| Highest Yield Rejected (%) | 4.7500 | 4.8500 | 4.3300 | 4.3800 |
| Lowest Yield Rejected (%) | 4.6425 | 4.7600 | 4.2550 | 4.3200 |
| Weighted Average Accepted Yield (%) | 4.6300 | 4.7498 | 4.2375 | 4.2858 |
| Weighted Average Rejected Yield (%) | 4.6941 | 4.7919 | 4.2791 | 4.3411 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 92.00 | 100.00 | 10.00 |
| Coverage ratio | 3.04 | 2.12 | 2.96 | 1.42 |
*Individual allotments may vary due to rounding.
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