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NZ Govt Bond Tender #861; Tender Date 1 Jun 2023
1st Jun 23, 2:40pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 861 held on Jun 1, 2023.
Tender Date: Thursday, Jun 1, 2023.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Jun 6 2023
(1) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Jun 1- #861 | May 25- #860 | May 11- #858 | Apr 27- #856 | |
| 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 | 27 | 43 | 43 | 50 |
| Total Amount of Bids Received ($million) | 528 | 680 | 618 | 673 |
| Total Number of Successful Bids | 17 | 15 | 10 | 18 |
| Highest Yield Accepted (%) | 4.2400 | 4.3150 | 4.0575 | 4.0125 |
| Lowest Yield Accepted (%) | 4.1950 | 4.2900 | 4.0475 | 3.9950 |
| Highest Yield Rejected (%) | 4.3600 | 4.4650 | 4.2725 | 4.2225 |
| Lowest Yield Rejected (%) | 4.2400 | 4.3150 | 4.0575 | 4.0125 |
| Weighted Average Accepted Yield (%) | 4.2203 | 4.3020 | 4.0562 | 4.0053 |
| Weighted Average Rejected Yield (%) | 4.2929 | 4.3616 | 4.1210 | 4.0797 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 34.00 | 35.50 | 72.40 | 15.40 |
| Coverage ratio | 2.64 | 3.40 | 3.09 | 3.36 |
(2) Series Offered : 4.25% 15 May 2034
| Jun 1- #861 | Apr 20- #855 | Apr 6- #853 | Feb 23- #848 | |
| Series Offered : 4.25% 15 May 2034 | ||||
| Total Amount Offered ($million) | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 32 | 44 | 32 | 25 |
| Total Amount of Bids Received ($million) | 412 | 620 | 552 | 210 |
| Total Number of Successful Bids | 9 | 7 | 3 | 18 |
| Highest Yield Accepted (%) | 4.3025 | 4.2775 | 4.0350 | 4.6925 |
| Lowest Yield Accepted (%) | 4.2725 | 4.2650 | 4.0100 | 4.6350 |
| Highest Yield Rejected (%) | 4.4525 | 4.4400 | 4.3600 | 4.7500 |
| Lowest Yield Rejected (%) | 4.3050 | 4.2775 | 4.0350 | 4.6925 |
| Weighted Average Accepted Yield (%) | 4.2907 | 4.2740 | 4.0167 | 4.6745 |
| Weighted Average Rejected Yield (%) | 4.3467 | 4.3158 | 4.1298 | 4.7219 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 71.40 | 20.00 | 94.50 |
| Coverage ratio | 2.75 | 4.13 | 3.68 | 1.40 |
(3) Series Offered : 2.75% 15 May 2051
| Jun 1- #861 | May 25- #860 | May 11- #858 | Apr 27- #856 | |
| 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 | 30 | 25 | 32 | 29 |
| Total Amount of Bids Received ($million) | 224 | 123 | 221 | 167 |
| Total Number of Successful Bids | 1 | 10 | 1 | 10 |
| Highest Yield Accepted (%) | 4.3850 | 4.5300 | 4.3900 | 4.2050 |
| Lowest Yield Accepted (%) | 4.3850 | 4.4925 | 4.3900 | 4.1850 |
| Highest Yield Rejected (%) | 4.5100 | 4.6725 | 4.6250 | 4.3575 |
| Lowest Yield Rejected (%) | 4.3950 | 4.5300 | 4.3925 | 4.2050 |
| Weighted Average Accepted Yield (%) | 4.3850 | 4.5149 | 4.3900 | 4.1979 |
| Weighted Average Rejected Yield (%) | 4.4370 | 4.5811 | 4.4542 | 4.2708 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 27.30 | 100.00 | 33.30 |
| Coverage ratio | 4.48 | 2.46 | 4.42 | 3.34 |
*Individual allotments may vary due to rounding.
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