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NZ Govt Bond Tender #846; Tender Date 9 February 2023
9th Feb 23, 2:10pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 846 held on Feb 9 2023.
Tender Date: Thursday, Feb 9, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Feb 14 2023
(1) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| Feb 9- #846 | Jan 26- #844 | Dec 15- #842 | Dec 1- #840 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount offered ($million) | 200 | 200 | 150 | 150 |
| Total Amount Allocated ($million) | 188 | 200 | 150 | 150 |
| Total Number of bids Received | 28 | 43 | 20 | 26 |
| Total Amount of bids Received ($million) | 188 | 965 | 225 | 395 |
| Total Number of Successful bids | 28 | 10 | 17 | 10 |
| Highest Yield Accepted (%) | 4.1500 | 4.0275 | 4.4900 | 4.2775 |
| Lowest Yield Accepted (%) | 4.0625 | 4.0150 | 4.4200 | 4.2625 |
| Highest Yield Rejected (%) | 4.0700 | 4.5275 | 4.3750 | |
| Lowest Yield Rejected (%) | 4.0275 | 4.4900 | 4.2775 | |
| Weighted Average Accepted Yield (%) | 4.0973 | 4.0245 | 4.4557 | 4.2726 |
| Weighted Average Rejected Yield (%) | 4.0451 | 4.5052 | 4.2967 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 100.00 | 56.40 | 40.00 | 44.80 |
| Coverage ratio | 0.94 | 4.82 | 1.50 | 2.63 |
(2) Series Offered : 4.25% 15 May 2034
| Feb 9- #846 | |
| Series Offered : 4.25% 15 May 2034 | |
| Total Amount Offered ($million) | 150 |
| Total Amount Allocated ($million) | 150 |
| Total Number of Bids Received | 26 |
| Total Amount of Bids Received ($million) | 246 |
| Total Number of Successful Bids | 17 |
| Highest Yield Accepted (%) | 4.1800 |
| Lowest Yield Accepted (%) | 4.1550 |
| Highest Yield Rejected (%) | 4.2300 |
| Lowest Yield Rejected (%) | 4.1800 |
| Weighted Average Accepted Yield (%) | 4.1725 |
| Weighted Average Rejected Yield (%) | 4.1906 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 46.80 |
| Coverage ratio | 1.64 |
(3) Series Offered : 2.75% 15 May 2051
| Feb 9- #846 | Jan 26- #844 | Dec 15- #842 | Dec 1- #839 | |
| 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 | 20 | 21 | 27 | 24 |
| Total Amount of Bids Received ($million) | 148 | 71 | 89 | 93 |
| Total Number of Successful Bids | 1 | 15 | 15 | 15 |
| Highest Yield Accepted (%) | 4.2375 | 4.3200 | 4.3100 | 4.2250 |
| Lowest Yield Accepted (%) | 4.2375 | 4.2525 | 4.2575 | 4.1975 |
| Highest Yield Rejected (%) | 4.3300 | 4.3800 | 4.3500 | 4.2900 |
| Lowest Yield Rejected (%) | 4.2550 | 4.3200 | 4.3100 | 4.2250 |
| Weighted Average Accepted Yield (%) | 4.2375 | 4.2858 | 4.2917 | 4.2094 |
| Weighted Average Rejected Yield (%) | 4.2791 | 4.3411 | 4.3322 | 4.2511 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 10.00 | 57.10 | 85.70 |
| Coverage ratio | 2.96 | 1.42 | 1.78 | 1.86 |
*Individual allotments may vary due to rounding.
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