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NZ Govt Bond Tender #859; Tender Date 19 May 2023
19th May 23, 2:15pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 859 held on May 19, 2023.
Tender Date: Thursday, May 19, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, May 24 2023
(1) Series Offered : 0.5% 15 May 2026
| May 19 #859 | May 4 #857 | Apr 20 #855 | Apr 06 #853 | |
| Series Offered | ||||
| Total Amount offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of bids Received | 35 | 38 | 45 | 38 |
| Total Amount of bids Received ($million) | 486 | 692 | 854 | 1250 |
| Total Number of Successful bids | 20 | 5 | 8 | 1 |
| Highest Yield Accepted (%) | 4.7125 | 4.3275 | 4.3900 | 4.2675 |
| Lowest Yield Accepted (%) | 4.6750 | 4.3125 | 4.3675 | 4.2675 |
| Highest Yield Rejected (%) | 4.9425 | 4.4800 | 4.5125 | 4.4725 |
| Lowest Yield Rejected (%) | 4.7125 | 4.3275 | 4.3900 | 4.3100 |
| Weighted Average Accepted Yield (%) | 4.6924 | 4.3232 | 4.3764 | 4.2675 |
| Weighted Average Rejected Yield (%) | 4.8209 | 4.3689 | 4.4275 | 4.3410 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 26.50 | 50.00 | 19.20 | 100.00 |
| Coverage ratio | 2.43 | 3.46 | 4.27 | 6.25 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| May 19 #859 | May 4 #857 | Mar 23 #851 | Jan 19 #843 | |
| Series Offered : 2.00% 15 May 2032 | ||||
| Total Amount Offered ($million) | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 51 | 48 | 41 | 44 |
| Total Amount of Bids Received ($million) | 769 | 519 | 406 | 527 |
| Total Number of Successful Bids | 3 | 24 | 25 | 15 |
| Highest Yield Accepted (%) | 4.4075 | 4.1475 | 4.1900 | 3.9500 |
| Lowest Yield Accepted (%) | 4.3950 | 4.1050 | 4.1525 | 3.9200 |
| Highest Yield Rejected (%) | 4.6775 | 4.2925 | 4.4775 | 4.0200 |
| Lowest Yield Rejected (%) | 4.4100 | 4.1475 | 4.1950 | 3.9500 |
| Weighted Average Accepted Yield (%) | 4.4046 | 4.1336 | 4.1739 | 3.9346 |
| Weighted Average Rejected Yield (%) | 4.4739 | 4.1934 | 4.3062 | 3.9787 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 48.10 | 100.00 | 50.00 |
| Coverage ratio | 5.13 | 3.46 | 2.71 | 3.51 |
(2) Series Offered : 1.75% 15 May 2041
| May 19 #859 | May 4 #857 | Apr 20 #855 | Apr 6 #853 | |
| Series Offered : 1.75% 15 May 2041 | ||||
| Total Amount Offered ($million) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($million) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 24 | 25 | 31 | 27 |
| Total Amount of Bids Received ($million) | 133 | 132 | 151 | 154 |
| Total Number of Successful Bids | 12 | 13 | 12 | 8 |
| Highest Yield Accepted (%) | 4.6900 | 4.5200 | 4.4600 | 4.2150 |
| Lowest Yield Accepted (%) | 4.6350 | 4.4600 | 4.4350 | 4.1950 |
| Highest Yield Rejected (%) | 4.8700 | 4.6500 | 4.6075 | 4.4250 |
| Lowest Yield Rejected (%) | 4.6900 | 4.5200 | 4.4600 | 4.2175 |
| Weighted Average Accepted Yield (%) | 4.6520 | 4.4953 | 4.4456 | 4.2055 |
| Weighted Average Rejected Yield (%) | 4.7598 | 4.5718 | 4.5100 | 4.2862 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 15.40 | 12.50 | 47.10 | 100.00 |
| Coverage ratio | 2.66 | 2.64 | 3.02 | 3.08 |
*Individual allotments may vary due to rounding.
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