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NZ Govt Bond Tender #860; Tender Date 25 May 2023
25th May 23, 2:15pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 860 held on May 25, 2023.
Tender Date: Thursday, May 25, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, May 30 2023
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| May 25- #860 | May 11- #858 | Apr 27- #856 | Mar 30- #852 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of Bids Received | 43 | 43 | 50 | 36 |
| Total Amount of Bids Received ($million) | 680 | 618 | 673 | 424 |
| Total Number of Successful Bids | 15 | 10 | 18 | 30 |
| Highest Yield Accepted (%) | 4.3150 | 4.0575 | 4.0125 | 4.3175 |
| Lowest Yield Accepted (%) | 4.2900 | 4.0475 | 3.9950 | 4.2175 |
| Highest Yield Rejected (%) | 4.4650 | 4.2725 | 4.2225 | 4.4775 |
| Lowest Yield Rejected (%) | 4.3150 | 4.0575 | 4.0125 | 4.3175 |
| Weighted Average Accepted Yield (%) | 4.3020 | 4.0562 | 4.0053 | 4.2511 |
| Weighted Average Rejected Yield (%) | 4.3616 | 4.1210 | 4.0797 | 4.3938 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 35.50 | 72.40 | 15.40 | 52.50 |
| Coverage ratio | 3.40 | 3.09 | 3.36 | 2.12 |
(2) Series Offered : 3.50% 14 Apr 2033
| May 25- #860 | May 11- #858 | Apr 27- #856 | Mar 30- #852 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 47 | 53 | 61 | 47 |
| Total Amount of Bids Received ($million) | 469 | 436 | 561 | 462 |
| Total Number of Successful Bids | 12 | 21 | 26 | 20 |
| Highest Yield Accepted (%) | 4.4000 | 4.1475 | 4.0700 | 4.2150 |
| Lowest Yield Accepted (%) | 4.3725 | 4.1275 | 4.0375 | 4.1800 |
| Highest Yield Rejected (%) | 4.6100 | 4.3500 | 4.2200 | 4.5000 |
| Lowest Yield Rejected (%) | 4.4000 | 4.1475 | 4.0700 | 4.2150 |
| Weighted Average Accepted Yield (%) | 4.3888 | 4.1386 | 4.0576 | 4.1986 |
| Weighted Average Rejected Yield (%) | 4.4533 | 4.2090 | 4.1319 | 4.3010 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 78.90 | 22.20 | 88.50 | 27.30 |
| Coverage ratio | 3.13 | 2.91 | 3.74 | 3.08 |
(3) Series Offered : 2.75% 15 May 2051
| May 25- #860 | May 11- #858 | Apr 27- #856 | Mar 30- #852 | |
| 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 | 25 | 32 | 29 | 27 |
| Total Amount of Bids Received ($million) | 123 | 221 | 167 | 170 |
| Total Number of Successful Bids | 10 | 1 | 10 | 3 |
| Highest Yield Accepted (%) | 4.5300 | 4.3900 | 4.2050 | 4.4225 |
| Lowest Yield Accepted (%) | 4.4925 | 4.3900 | 4.1850 | 4.4200 |
| Highest Yield Rejected (%) | 4.6725 | 4.6250 | 4.3575 | 4.6425 |
| Lowest Yield Rejected (%) | 4.5300 | 4.3925 | 4.2050 | 4.4225 |
| Weighted Average Accepted Yield (%) | 4.5149 | 4.3900 | 4.1979 | 4.4224 |
| Weighted Average Rejected Yield (%) | 4.5811 | 4.4542 | 4.2708 | 4.5075 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 27.30 | 100.00 | 33.30 | 90.40 |
| Coverage ratio | 2.46 | 4.42 | 3.34 | 3.40 |
*Individual allotments may vary due to rounding.
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