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NZ Govt Bond Tender #848; Tender Date 23 February 2023
23rd Feb 23, 2:30pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 848 held on Feb 23 2023.
Tender Date: Thursday, Feb 23, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Feb 28 2023
(1) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| Feb 23- #848 | Feb 9- #846 | Jan 26- #844 | Dec 15- #842 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount offered ($million) | 200 | 200 | 200 | 150 |
| Total Amount Allocated ($million) | 200 | 188 | 200 | 150 |
| Total Number of bids Received | 32 | 28 | 43 | 20 |
| Total Amount of bids Received ($million) | 491 | 188 | 965 | 225 |
| Total Number of Successful bids | 21 | 28 | 10 | 17 |
| Highest Yield Accepted (%) | 4.6875 | 4.1500 | 4.0275 | 4.4900 |
| Lowest Yield Accepted (%) | 4.6325 | 4.0625 | 4.0150 | 4.4200 |
| Highest Yield Rejected (%) | 4.8375 | 4.0700 | 4.5275 | |
| Lowest Yield Rejected (%) | 4.6875 | 4.0275 | 4.4900 | |
| Weighted Average Accepted Yield (%) | 4.6544 | 4.0973 | 4.0245 | 4.4557 |
| Weighted Average Rejected Yield (%) | 4.7100 | 4.0451 | 4.5052 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 38.00 | 100.00 | 56.40 | 40.00 |
| Coverage ratio | 2.45 | 0.94 | 4.82 | 1.50 |
(2) Series Offered : 4.25% 15 May 2034
| Feb 23- #848 | Feb 9- #846 | |
| Series Offered : 4.25% 15 May 2034 | ||
| Total Amount Offered ($million) | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 |
| Total Number of Bids Received | 25 | 26 |
| Total Amount of Bids Received ($million) | 210 | 246 |
| Total Number of Successful Bids | 18 | 17 |
| Highest Yield Accepted (%) | 4.6925 | 4.1800 |
| Lowest Yield Accepted (%) | 4.6350 | 4.1550 |
| Highest Yield Rejected (%) | 4.7500 | 4.2300 |
| Lowest Yield Rejected (%) | 4.6925 | 4.1800 |
| Weighted Average Accepted Yield (%) | 4.6745 | 4.1725 |
| Weighted Average Rejected Yield (%) | 4.7219 | 4.1906 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 94.50 | 46.80 |
| Coverage ratio | 1.40 | 1.64 |
(3) Series Offered : 2.75% 15 May 2051
| Feb 23- #848 | Feb 9- #846 | Jan 26- #844 | Dec 15- #842 | |
| 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 | 20 | 21 | 27 |
| Total Amount of Bids Received ($million) | 106 | 148 | 71 | 89 |
| Total Number of Successful Bids | 10 | 1 | 15 | 15 |
| Highest Yield Accepted (%) | 4.7600 | 4.2375 | 4.3200 | 4.3100 |
| Lowest Yield Accepted (%) | 4.7325 | 4.2375 | 4.2525 | 4.2575 |
| Highest Yield Rejected (%) | 4.8500 | 4.3300 | 4.3800 | 4.3500 |
| Lowest Yield Rejected (%) | 4.7600 | 4.2550 | 4.3200 | 4.3100 |
| Weighted Average Accepted Yield (%) | 4.7498 | 4.2375 | 4.2858 | 4.2917 |
| Weighted Average Rejected Yield (%) | 4.7919 | 4.2791 | 4.3411 | 4.3322 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 92.00 | 100.00 | 10.00 | 57.10 |
| Coverage ratio | 2.12 | 2.96 | 1.42 | 1.78 |
*Individual allotments may vary due to rounding.
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