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NZ Govt Bond Tender #844; Tender Date 25 January 2023
26th Jan 23, 2:10pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 844 held on Jan 26 2023.
Tender Date: Thursday, Jan 26, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Jan 31 2023
(1) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| Jan 26- #844 | Dec 15- #842 | Dec 1- #840 | Sep 29- #832 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount offered ($million) | 200 | 150 | 150 | 200 |
| Total Amount Allocated ($million) | 200 | 150 | 150 | 200 |
| Total Number of bids Received | 43 | 20 | 26 | 46 |
| Total Amount of bids Received ($million) | 965 | 225 | 395 | 361 |
| Total Number of Successful bids | 10 | 17 | 10 | 24 |
| Highest Yield Accepted (%) | 4.0275 | 4.4900 | 4.2775 | 4.1750. |
| Lowest Yield Accepted (%) | 4.0150 | 4.4200 | 4.2625 | 4.1425 |
| Highest Yield Rejected (%) | 4.0700 | 4.5275 | 4.3750 | 4.2200 |
| Lowest Yield Rejected (%) | 4.0275 | 4.4900 | 4.2775 | 4.1750 |
| Weighted Average Accepted Yield (%) | 4.0245 | 4.4557 | 4.2726 | 4.1618 |
| Weighted Average Rejected Yield (%) | 4.0451 | 4.5052 | 4.2967 | 4.1892 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 56.40 | 40.00 | 44.80 | 37.00 |
| Coverage ratio | 4.82 | 1.50 | 2.63 | 1.80 |
(2) Series Offered : 3.50% 14 Apr 2033
| Jan 26- #844 | Dec 15- #842 | Dec 1- #839 | Nov 3- #837 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 150 | 200 | 200 | 150 |
| Total Amount Allocated ($million) | 150 | 200 | 189 | 150 |
| Total Number of Bids Received | 34 | 53 | 26 | 45 |
| Total Amount of Bids Received ($million) | 260 | 373 | 189 | 370 |
| Total Number of Successful Bids | 20 | 31 | 26 | 9 |
| Highest Yield Accepted (%) | 4.0750 | 4.2750 | 4.0850 | 4.5425 |
| Lowest Yield Accepted (%) | 4.0375 | 4.2275 | 4.0050 | 4.3700 |
| Highest Yield Rejected (%) | 4.1300 | 4.3700 | 4.6400 | |
| Lowest Yield Rejected (%) | 4.0750 | 4.2750 | 4.5425 | |
| Weighted Average Accepted Yield (%) | 4.0534 | 4.2544 | 4.0301 | 4.44132 |
| Weighted Average Rejected Yield (%) | 4.0911 | 4.3084 | 4.5666 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 28.60 | 53.30 | 100.00 | 11.80 |
| Coverage ratio | 1.73 | 1.86 | 0.9450 | .2.47 |
(3) Series Offered : 2.75% 15 May 2051
| Jan 26- #844 | Dec 15- #842 | Dec 1- #839 | Nov 3- #837 | |
| 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 | 27 | 24 | 24 |
| Total Amount of Bids Received ($million) | 71 | 89 | 93 | 81 |
| Total Number of Successful Bids | 15 | 15 | 15 | 12 |
| Highest Yield Accepted (%) | 4.3200 | 4.3100 | 4.2250 | 4.8200 |
| Lowest Yield Accepted (%) | 4.2525 | 4.2575 | 4.1975 | 4.7850 |
| Highest Yield Rejected (%) | 4.3800 | 4.3500 | 4.2900 | 4.8800 |
| Lowest Yield Rejected (%) | 4.3200 | 4.3100 | 4.2250 | 4.8200 |
| Weighted Average Accepted Yield (%) | 4.2858 | 4.2917 | 4.2094 | 4.8037 |
| Weighted Average Rejected Yield (%) | 4.3411 | 4.3322 | 4.2511 | 4.8410 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 10.00 | 57.10 | 85.70 | 64.70 |
| Coverage ratio | 1.42 | 1.78 | 1.86 | 1.62 |
*Individual allotments may vary due to rounding.
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