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NZ Govt Bond Tender #851; Tender Date 23 March 2023
23rd Mar 23, 2:10pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 851 held on Mar 23 2023.
Tender Date: Thursday, Mar 23, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Mar 28 2023
(1) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| Mar 23- #851 | Feb 23- #848 | Feb 9- #846 | Jan 26- #844 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 188 | 200 |
| Total Number of bids Received | 47 | 32 | 28 | 43 |
| Total Amount of bids Received ($million) | 558 | 491 | 188 | 965 |
| Total Number of Successful bids | 19 | 21 | 28 | 10 |
| Highest Yield Accepted (%) | 4.2500 | 4.6875 | 4.1500 | 4.0275 |
| Lowest Yield Accepted (%) | 4.2275 | 4.6325 | 4.0625 | 4.0150 |
| Highest Yield Rejected (%) | 4.5500 | 4.8375 | 4.0700 | |
| Lowest Yield Rejected (%) | 4.2500 | 4.6875 | 4.0275 | |
| Weighted Average Accepted Yield (%) | 4.2385 | 4.6544 | 4.0973 | 4.0245 |
| Weighted Average Rejected Yield (%) | 4.3455 | 4.7100 | 4.0451 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 62.50 | 38.00 | 100.00 | 56.40 |
| Coverage ratio | 2.79 | 2.45 | 0.94 | 4.82 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Mar 23- #851 | Jan 19- #843 | Dec 8- #841 | Nov 24- #839 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 150 | 150 | 200 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 200 | 150 |
| Total Number of Bids Received | 41 | 44 | 35 | 37 |
| Total Amount of Bids Received ($million) | 406 | 527 | 453 | 609 |
| Total Number of Successful Bids | 25 | 15 | 18 | 1 |
| Highest Yield Accepted (%) | 4.1900 | 3.9500 | 4.0400 | 4.1275 |
| Lowest Yield Accepted (%) | 4.1525 | 3.9200 | 4.0025 | 4.1275 |
| Highest Yield Rejected (%) | 4.4775 | 4.0200 | 4.2300 | 4.2375 |
| Lowest Yield Rejected (%) | 4.1950 | 3.9500 | 4.0400 | 4.1325 |
| Weighted Average Accepted Yield (%) | 4.1739 | 3.9346 | 4.0228 | 4.1275 |
| Weighted Average Rejected Yield (%) | 4.3062 | 3.9787 | 4.0926 | 4.1690 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 50.00 | 16.00 | 100.00 |
| Coverage ratio | 2.71 | 3.51 | 2.26 | 4.06 |
(3) Series Offered : 2.75% 15 Apr 2037
| Mar 23- #851 | Feb 16- #847 | Feb 2- #845 | Dec 8 - #841 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 30 | 22 | 23 | 31 |
| Total Amount of Bids Received ($million) | 181 | 136 | 231 | 223 |
| Total Number of Successful Bids | 16 | 10 | 7 | 11 |
| Highest Yield Accepted (%) | 4.3900 | 4.5350 | 4.2950 | 4.2050 |
| Lowest Yield Accepted (%) | 4.3600 | 4.5075 | 4.2775 | 4.1600 |
| Highest Yield Rejected (%) | 4.6600 | 4.6950 | 4.4000 | 4.3850 |
| Lowest Yield Rejected (%) | 4.3900 | 4.5400 | 4.2950 | 4.2050 |
| Weighted Average Accepted Yield (%) | 4.3754 | 4.5225 | 4.2880 | 4.1794 |
| Weighted Average Rejected Yield (%) | 4.4559 | 4.5888 | 4.3086 | 4.2682 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 8.1 | 100.00 | 22.20 | 66.70 |
| Coverage ratio | 3.62 | 2.72 | 4.62 | 4.46 |
*Individual allotments may vary due to rounding.
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