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NZ Govt Bond Tender #845; Tender Date 2 February 2023
2nd Feb 23, 2:10pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 845 held on Feb 2, 2023.
Tender Date: Thursday, Feb 2, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Feb 8 2023
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Feb 2- #845 | Jan 19- #843 | Dec 8- #841 | Nov 3- #837 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 200 | 200 | 150 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 150 | 200 |
| Total Number of Bids Received | 35 | 42 | 24 | 44 |
| Total Amount of Bids Received ($million) | 495 | 583 | 479 | 370 |
| Total Number of Successful Bids | 17 | 9 | 6 | 25 |
| Highest Yield Accepted (%) | 3.9500 | 3.9475 | 4.1275 | 4.5800 |
| Lowest Yield Accepted (%) | 3.9250 | 3.9175 | 4.1125 | 4.5500 |
| Highest Yield Rejected (%) | 3.9900 | 3.9850 | 4.3300 | 4.6400 |
| Lowest Yield Rejected (%) | 3.9500 | 3.9475 | 4.1275 | 4.5800 |
| Weighted Average Accepted Yield (%) | 3.9361 | 3.9434 | 4.1176 | 4.5662 |
| Weighted Average Rejected Yield (%) | 3.9621 | 3.9600 | 4.1947 | 4.5944 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 27.30 | 59.40 | 100.00 | 82.50 |
| Coverage ratio | 2.47 | 2.92 | 3.19 | 1.85 |
(2) Series Offered : 3.50% 14 Apr 2033
| Feb 2- #845 | Jan 26- #844 | Dec 15- #842 | Dec 1- #839 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 150 | 150 | 200 | 200 |
| Total Amount Allocated ($million) | 150 | 150 | 200 | 189 |
| Total Number of Bids Received | 61 | 34 | 53 | 26 |
| Total Amount of Bids Received ($million) | 475 | 260 | 373 | 189 |
| Total Number of Successful Bids | 19 | 20 | 31 | 26 |
| Highest Yield Accepted (%) | 4.1000 | 4.0750 | 4.2750 | 4.0850 |
| Lowest Yield Accepted (%) | 4.0725 | 4.0375 | 4.2275 | 4.0050 |
| Highest Yield Rejected (%) | 4.1600 | 4.1300 | 4.3700 | |
| Lowest Yield Rejected (%) | 4.1000 | 4.0750 | 4.2750 | |
| Weighted Average Accepted Yield (%) | 4.0857 | 4.0534 | 4.2544 | 4.0301 |
| Weighted Average Rejected Yield (%) | 4.1136 | 4.0911 | 4.3084 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 4.70 | 28.60 | 53.30 | 100.00 |
| Coverage ratio | 3.16 | 1.73 | 1.86 | 0.9450 |
(3) Series Offered : 2.75% 15 Apr 2037
| Feb 2- #845 | Dec 8 - #841 | Nov 24 - #839 | Nov 10 - #838 | |
| 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 | 23 | 31 | 24 | 23 |
| Total Amount of Bids Received ($million) | 231 | 223 | 205 | 141 |
| Total Number of Successful Bids | 7 | 11 | 1 | 7 |
| Highest Yield Accepted (%) | 4.2950 | 4.2050 | 4.3175 | 4.6675 |
| Lowest Yield Accepted (%) | 4.2775 | 4.1600 | 4.3175 | 4.6550 |
| Highest Yield Rejected (%) | 4.4000 | 4.3850 | 4.4275 | 4.7425 |
| Lowest Yield Rejected (%) | 4.2950 | 4.2050 | 4.3225 | 4.6675 |
| Weighted Average Accepted Yield (%) | 4.2880 | 4.1794 | 4.3175 | 4.6609 |
| Weighted Average Rejected Yield (%) | 4.3086 | 4.2682 | 4.3485 | 4.6887 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 22.20 | 66.70 | 100.00 | 50.00 |
| Coverage ratio | 4.62 | 4.46 | 4.10 | 2.82 |
*Individual allotments may vary due to rounding.
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