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NZ Govt Bond Tender #852; Tender Date 30 Mar 2023
30th Mar 23, 2:15pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 852 held on Mar 30, 2023.
Tender Date: Thursday, Mar 30, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Apr 4 2023
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Mar 30- #852 | Mar 16- #850 | Mar 2- #849 | Feb 16- #847 | |
| 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 | 36 | 39 | 47 | 56 |
| Total Amount of Bids Received ($million) | 424 | 680 | 634 | 697 |
| Total Number of Successful Bids | 30 | 18 | 21 | 27 |
| Highest Yield Accepted (%) | 4.3175 | 4.3800 | 4.6300 | 4.3300 |
| Lowest Yield Accepted (%) | 4.2175 | 4.2700 | 4.6000 | 4.2900 |
| Highest Yield Rejected (%) | 4.4775 | 4.8100 | 4.8000 | 4.5100 |
| Lowest Yield Rejected (%) | 4.3175 | 4.3800 | 4.6300 | 4.3300 |
| Weighted Average Accepted Yield (%) | 4.2511 | 4.3469 | 4.6147 | 4.3164 |
| Weighted Average Rejected Yield (%) | 4.3938 | 4.5013 | 4.7002 | 4.3791 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 52.50 | 93.70 | 65.00 | 73.30 |
| Coverage ratio | 2.12 | 3.40 | 3.17 | 3.48 |
(2) Series Offered : 3.50% 14 Apr 2033
| Mar 30- #852 | Mar 16- #850 | Mar 2- #849 | Feb 16- #847 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 47 | 45 | 41 | 36 |
| Total Amount of Bids Received ($million) | 462 | 538 | 433 | 385 |
| Total Number of Successful Bids | 20 | 17 | 23 | 20 |
| Highest Yield Accepted (%) | 4.2150 | 4.3700 | 4.6400 | 4.3700 |
| Lowest Yield Accepted (%) | 4.1800 | 4.3300 | 4.5700 | 4.3250 |
| Highest Yield Rejected (%) | 4.5000 | 4.8150 | 4.8050 | 4.5300 |
| Lowest Yield Rejected (%) | 4.2150 | 4.3700 | 4.6400 | 4.3700 |
| Weighted Average Accepted Yield (%) | 4.1986 | 4.3510 | 4.6044 | 4.3447 |
| Weighted Average Rejected Yield (%) | 4.3010 | 4.5494 | 4.7081 | 4.4408 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 27.30 | 25.60 | 3.20 | 69.60 |
| Coverage ratio | 3.08 | 3.5867 | 2.89 | 2.57 |
(3) Series Offered : 2.75% 15 May 2051
| Mar 30- #852 | Mar 16- #850 | Mar 2- #849 | Feb 23- #848 | |
| 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 | 27 | 21 | 23 | 20 |
| Total Amount of Bids Received ($million) | 170 | 103 | 152 | 106 |
| Total Number of Successful Bids | 3 | 15 | 1 | 10 |
| Highest Yield Accepted (%) | 4.4225 | 4.6500 | 4.6300 | 4.7600 |
| Lowest Yield Accepted (%) | 4.4200 | 4.5400 | 4.6300 | 4.7325 |
| Highest Yield Rejected (%) | 4.6425 | 4.9150 | 4.7500 | 4.8500 |
| Lowest Yield Rejected (%) | 4.4225 | 4.6500 | 4.6425 | 4.7600 |
| Weighted Average Accepted Yield (%) | 4.4224 | 4.6036 | 4.6300 | 4.7498 |
| Weighted Average Rejected Yield (%) | 4.5075 | 4.7952 | 4.6941 | 4.7919 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 90.40 | 30.00 | 100.00 | 92.00 |
| Coverage ratio | 3.40 | 2.06 | 3.04 | 2.12 |
*Individual allotments may vary due to rounding.
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