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NZ Govt Bond Tender #847; Tender Date 16 February 2023
16th Feb 23, 2:10pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 847 held on Feb 16, 2023.
Tender Date: Thursday, Feb 16, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Feb 21 2023
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Feb 16- #847 | Feb 2- #845 | Jan 19- #843 | Dec 8- #841 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 200 | 200 | 200 | 150 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 150 |
| Total Number of Bids Received | 56 | 35 | 42 | 24 |
| Total Amount of Bids Received ($million) | 697 | 495 | 583 | 479 |
| Total Number of Successful Bids | 27 | 17 | 9 | 6 |
| Highest Yield Accepted (%) | 4.3300 | 3.9500 | 3.9475 | 4.1275 |
| Lowest Yield Accepted (%) | 4.2900 | 3.9250 | 3.9175 | 4.1125 |
| Highest Yield Rejected (%) | 4.5100 | 3.9900 | 3.9850 | 4.3300 |
| Lowest Yield Rejected (%) | 4.3300 | 3.9500 | 3.9475 | 4.1275 |
| Weighted Average Accepted Yield (%) | 4.3164 | 3.9361 | 3.9434 | 4.1176 |
| Weighted Average Rejected Yield (%) | 4.3791 | 3.9621 | 3.9600 | 4.1947 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 73.30 | 27.30 | 59.40 | 100.00 |
| Coverage ratio | 3.48 | 2.47 | 2.92 | 3.19 |
(2) Series Offered : 3.50% 14 Apr 2033
| Feb 16- #847 | Feb 2- #845 | Jan 26- #844 | Dec 15- #842 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 150 | 150 | 150 | 200 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 200 |
| Total Number of Bids Received | 36 | 61 | 34 | 53 |
| Total Amount of Bids Received ($million) | 385 | 475 | 260 | 373 |
| Total Number of Successful Bids | 20 | 19 | 20 | 31 |
| Highest Yield Accepted (%) | 4.3700 | 4.1000 | 4.0750 | 4.2750 |
| Lowest Yield Accepted (%) | 4.3250 | 4.0725 | 4.0375 | 4.2275 |
| Highest Yield Rejected (%) | 4.5300 | 4.1600 | 4.1300 | 4.3700 |
| Lowest Yield Rejected (%) | 4.3700 | 4.1000 | 4.0750 | 4.2750 |
| Weighted Average Accepted Yield (%) | 4.3447 | 4.0857 | 4.0534 | 4.2544 |
| Weighted Average Rejected Yield (%) | 4.4408 | 4.1136 | 4.0911 | 4.3084 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 69.60 | 4.70 | 28.60 | 53.30 |
| Coverage ratio | 2.57 | 3.16 | 1.73 | 1.86 |
(3) Series Offered : 2.75% 15 Apr 2037
| Feb 16- #847 | Feb 2- #845 | Dec 8 - #841 | Nov 24 - #839 | |
| 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 | 22 | 23 | 31 | 24 |
| Total Amount of Bids Received ($million) | 136 | 231 | 223 | 205 |
| Total Number of Successful Bids | 10 | 7 | 11 | 1 |
| Highest Yield Accepted (%) | 4.5350 | 4.2950 | 4.2050 | 4.3175 |
| Lowest Yield Accepted (%) | 4.5075 | 4.2775 | 4.1600 | 4.3175 |
| Highest Yield Rejected (%) | 4.6950 | 4.4000 | 4.3850 | 4.4275 |
| Lowest Yield Rejected (%) | 4.5400 | 4.2950 | 4.2050 | 4.3225 |
| Weighted Average Accepted Yield (%) | 4.5225 | 4.2880 | 4.1794 | 4.3175 |
| Weighted Average Rejected Yield (%) | 4.5888 | 4.3086 | 4.2682 | 4.3485 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 22.20 | 66.70 | 100.00 |
| Coverage ratio | 2.72 | 4.62 | 4.46 | 4.10 |
*Individual allotments may vary due to rounding.
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