Bonds
NZ Govt Bond Tender #786; Tender Date 30 Sep 2021
30th Sep 21, 2:10pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 786 held on Sep 30, 2021.
Tender Date: Thursday, Sep 30, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Oct 5, 2021
(1) Series Offered : 0.5% 15 May 2026
| Sep 30 - #786 | Sep 2 - #783 | Aug 19 - #781 | Aug 5 - #779 | |
| Series Offered | ||||
| Total Amount offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of bids Received | 25 | 26 | 25 | 25 |
| Total Amount of bids Received ($million) | 825 | 450 | 460 | 515 |
| Total Number of Successful bids | 10 | 7 | 19 | 13 |
| Highest Yield Accepted (%) | 1.5325 | 1.4275 | 1.3050 | 1.2500 |
| Lowest Yield Accepted (%) | 1.5175 | 1.4200 | 1.2750 | 1.2275 |
| Highest Yield Rejected (%) | 1.5650 | 1.4650 | 1.3200 | 1.2725 |
| Lowest Yield Rejected (%) | 1.5325 | 1.4275 | 1.3050 | 1.2500 |
| Weighted Average Accepted Yield (%) | 1.5255 | 1.4265 | 1.2901 | 1.2422 |
| Weighted Average Rejected Yield (%) | 1.5386 | 1.4410 | 1.3136 | 1.2542 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 40.00 | 73.80 | 21.60 | 29.50 |
| Coverage ratio | 4.12 | 2.25 | 2.30 | 2.57 |
(2) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Sep 30 - #786 | Sep 2 - #783 | Aug 19 - #781 | Aug 5 - #779 | ||
| Series Offered : 0.25% 15 May 2028 | |||||
| Total Amount Offered ($million) | 200 | 200 | 200 | 200 | |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 | |
| Total Number of Bids Received | 23 | 26 | 32 | 28 | |
| Total Amount of Bids Received ($million) | 380 | 401 | 340 | 535 | |
| Total Number of Successful Bids | 16 | 15 | 25 | 13 | |
| Highest Yield Accepted (%) | 1.7650 | 1.6375 | 1.4900 | 1.4525 | |
| Lowest Yield Accepted (%) | 1.7500 | 1.6100 | 1.4700 | 1.4275 | |
| Highest Yield Rejected (%) | 1.7875 | 1.6700 | 1.5225 | 1.4800 | |
| Lowest Yield Rejected (%) | 1.7650 | 1.6375 | 1.4900 | 1.4525 | |
| Weighted Average Accepted Yield (%) | 1.7584 | 1.6314 | 1.4808 | 1.4493 | |
| Weighted Average Rejected Yield (%) | 1.7717 | 1.6498 | 1.5002 | 1.4658 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 11.80 | 98.20 | 50.00 | 79.30 | |
| Coverage ratio | 1.90 | 2.01 | 1.70 | 2.67 |
(3) Series Offered : 3.50% 14 Apr 2033
| Sep 30 - #786 | Sep 2 - #783 | Aug 19 - #781 | Aug 5 - #779 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 100 | 100 | 100 | 100 |
| Total Amount Allocated ($million) | 100 | 100 | 100 | 100 |
| Total Number of Bids Received | 13 | 30 | 27 | 22 |
| Total Amount of Bids Received ($million) | 105 | 252 | 201 | 220 |
| Total Number of Successful Bids | 13 | 14 | 20 | 9 |
| Highest Yield Accepted (%) | 2.1900 | 2.0500 | 1.8400 | 1.7600 |
| Lowest Yield Accepted (%) | 2.1000 | 2.0300 | 1.8175 | 1.7375 |
| Highest Yield Rejected (%) | 2.1900 | 2.0850 | 1.8700 | 1.8150 |
| Lowest Yield Rejected (%) | 2.1900 | 2.0500 | 1.8400 | 1.7600 |
| Weighted Average Accepted Yield (%) | 2.1392 | 2.0400 | 1.8270 | 1.7556 |
| Weighted Average Rejected Yield (%) | 2.1900 | 2.0610 | 1.8519 | 1.7717 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 75.00 | 75.00 | 26.70 | 63.60 |
| Coverage ratio | 1.05 | 2.52 | 2.01 | 2.20 |
*Individual allotments may vary due to rounding.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.