NZ Govt Bond Tender #790; Tender Date 28 Oct 2021

Bonds / news

28th Oct 21, 2:10pm by Suhaimi Mohamad

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 790 held on Oct 28, 2021.

Tender Date: Thursday, Oct 28, 2021.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Nov 2, 2021

(1) Series Offered : 0.5% 15 May 2026

	Oct 28 - #790	Oct 14 - #788	Sep 30 - #786	Sep 2 - #783
Series Offered
Total Amount offered ($million)	200	200	200	200
Total Amount Allocated ($million)	200	200	200	200
Total Number of bids Received	19	31	25	26
Total Amount of bids Received ($million)	240	424	825	450
Total Number of Successful bids	15	16	10	7
Highest Yield Accepted (%)	2.3500	1.6925	1.5325	1.4275
Lowest Yield Accepted (%)	2.2925	1.6725	1.5175	1.4200
Highest Yield Rejected (%)	2.4000	1.7425	1.5650	1.4650
Lowest Yield Rejected (%)	2.3525	1.6925	1.5325	1.4275
Weighted Average Accepted Yield (%)	2.3186	1.6876	1.5255	1.4265
Weighted Average Rejected Yield (%)	2.3781	1.7048	1.5386	1.4410
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield*	100.00	42,70	40.00	73.80
Coverage ratio	1.20	2.12	4.12	2.25

(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031

	Oct 28 - #790	Oct 14 - #788	Sep 23 - #785	Sep 9- #784
Series Offered : 1.50% 15 May 2031
Total Amount Offered ($million)	200	200	200	200
Total Amount Allocated ($million)	200	200	200	200
Total Number of Bids Received	31	33	31	26
Total Amount of Bids Received ($million)	413	375	470	400
Total Number of Successful Bids	8	17	3	12
Highest Yield Accepted (%)	2.5850	2.1375	1.8300	1.8875
Lowest Yield Accepted (%)	2.5750	2.1250	1.8200	1.8775
Highest Yield Rejected (%)	2.7150	2.1800	1.8600	1.9000
Lowest Yield Rejected (%)	2.5850	2.1375	1.8300	1.8875
Weighted Average Accepted Yield (%)	2.5787	2.1337	1.8250	1.8841
Weighted Average Rejected Yield (%)	2.6121	2.1489	1.8452	1.8917
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield*	14.30	65.60	90.90	51.70
Coverage ratio	2.06	1.87	2.35	2.00

(3) Series Offered : 2.75% 15 Apr 2037

	Oct 28 - #790	Oct 14 - #788	Sep 23- #785	Sep 9- #784
Series Offered : 2.75% 15 Apr 2037
Total Amount Offered ($million)	100	100	100	100
Total Amount Allocated ($million)	100	100	100	100
Total Number of Bids Received	30	22	22	28
Total Amount of Bids Received ($million)	195	105	187	325
Total Number of Successful Bids	6	21	6	7
Highest Yield Accepted (%)	2.8525	2.5125	2.1925	2.3650
Lowest Yield Accepted (%)	2.8425	2.4575	2.1700	2.3375
Highest Yield Rejected (%)	2.9850	2.5200	2.2300	2.4700
Lowest Yield Rejected (%)	2.8525	2.5200	2.1950	2.3675
Weighted Average Accepted Yield (%)	2.8444	2.4855	2.1764	2.3492
Weighted Average Rejected Yield (%)	2.8933	2.5200	2.2023	2.3831
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield*	36.00	100.00	100.00	100.00
Coverage ratio	1.95	1.05	1.87	3.25

*Individual allotments may vary due to rounding.

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1 Comments

by Jfoe | 28th Oct 21, 5:20pm 1635394834

Profiteering banks colluding to keep bid volumes low and drive up yields? Surely not.

NZ Govt Bond Tender #790; Tender Date 28 Oct 2021

1 Comments

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