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NZ Govt Bond Tender #850; Tender Date 16 Mar 2023
16th Mar 23, 2:10pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 850 held on Mar 16, 2023.
Tender Date: Thursday, Mar 16, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Mar 21 2023
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Mar 16- #850 | Mar 2- #849 | Feb 16- #847 | Feb 2- #845 | |
| 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 | 39 | 47 | 56 | 35 |
| Total Amount of Bids Received ($million) | 680 | 634 | 697 | 495 |
| Total Number of Successful Bids | 18 | 21 | 27 | 17 |
| Highest Yield Accepted (%) | 4.3800 | 4.6300 | 4.3300 | 3.9500 |
| Lowest Yield Accepted (%) | 4.2700 | 4.6000 | 4.2900 | 3.9250 |
| Highest Yield Rejected (%) | 4.8100 | 4.8000 | 4.5100 | 3.9900 |
| Lowest Yield Rejected (%) | 4.3800 | 4.6300 | 4.3300 | 3.9500 |
| Weighted Average Accepted Yield (%) | 4.3469 | 4.6147 | 4.3164 | 3.9361 |
| Weighted Average Rejected Yield (%) | 4.5013 | 4.7002 | 4.3791 | 3.9621 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 93.70 | 65.00 | 73.30 | 27.30 |
| Coverage ratio | 3.40 | 3.17 | 3.48 | 2.47 |
(2) Series Offered : 3.50% 14 Apr 2033
| Mar 16- #850 | Mar 2- #849 | Feb 16- #847 | Feb 2- #845 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 45 | 41 | 36 | 61 |
| Total Amount of Bids Received ($million) | 538 | 433 | 385 | 475 |
| Total Number of Successful Bids | 17 | 23 | 20 | 19 |
| Highest Yield Accepted (%) | 4.3700 | 4.6400 | 4.3700 | 4.1000 |
| Lowest Yield Accepted (%) | 4.3300 | 4.5700 | 4.3250 | 4.0725 |
| Highest Yield Rejected (%) | 4.8150 | 4.8050 | 4.5300 | 4.1600 |
| Lowest Yield Rejected (%) | 4.3700 | 4.6400 | 4.3700 | 4.1000 |
| Weighted Average Accepted Yield (%) | 4.3510 | 4.6044 | 4.3447 | 4.0857 |
| Weighted Average Rejected Yield (%) | 4.5494 | 4.7081 | 4.4408 | 4.1136 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 25.60 | 3.20 | 69.60 | 4.70 |
| Coverage ratio | 3.5867 | 2.89 | 2.57 | 3.16 |
(3) Series Offered : 2.75% 15 May 2051
| Mar 16- #850 | Mar 2- #849 | Feb 23- #848 | Feb 9- #846 | |
| 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 | 21 | 23 | 20 | 20 |
| Total Amount of Bids Received ($million) | 103 | 152 | 106 | 148 |
| Total Number of Successful Bids | 15 | 1 | 10 | 1 |
| Highest Yield Accepted (%) | 4.6500 | 4.6300 | 4.7600 | 4.2375 |
| Lowest Yield Accepted (%) | 4.5400 | 4.6300 | 4.7325 | 4.2375 |
| Highest Yield Rejected (%) | 4.9150 | 4.7500 | 4.8500 | 4.3300 |
| Lowest Yield Rejected (%) | 4.6500 | 4.6425 | 4.7600 | 4.2550 |
| Weighted Average Accepted Yield (%) | 4.6036 | 4.6300 | 4.7498 | 4.2375 |
| Weighted Average Rejected Yield (%) | 4.7952 | 4.6941 | 4.7919 | 4.2791 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 30.00 | 100.00 | 92.00 | 100.00 |
| Coverage ratio | 2.06 | 3.04 | 2.12 | 2.96 |
*Individual allotments may vary due to rounding.
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