NZ Govt Bond Tender #719; Tender Date 2 April 2020

NZ Govt Bond Tender #719; Tender Date 2 April 2020

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 719 held on April 2, 2020.

Tender Date: Thursday, April 2, 2020.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, April 7, 2020

 

(1) Series Offered : 5.50% 15 Apr 2023

  Apr 20 - #719
Series Offered 5.50% 15 Apr 2023
Total Amount Offered ($million) 350
Total Amount Allocated ($million) 350
Total Number of Bids Received 35
Total Amount of Bids Received ($million) 977
Total Number of Successful Bids 15
Highest Yield Accepted (%) 0.5100
Lowest Yield Accepted (%) 0.4900
Highest Yield Rejected (%) 0.5600
Lowest Yield Rejected (%) 0.5100
Weighted Average Accepted Yield (%) 0.5006
Weighted Average Rejected Yield (%) 0.5239
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 18.40
Coverage ratio 2.7914

 

(2) Series Offered : 3.00% 20 Apr 2029

  Apr 20 - #719 Dec 19 - #707 Nov 19 - #703 Oct 19 - #701 Oct 19 -#698 Sep 19  #695 Aug 19  #691 Jul 19 #687
Series Offered 3.00% 20 Apr 2029 3.00% 20 Apr 2029 3.00% 20 Apr 2029 3.00% 20 Apr 2029 3.00% 20 Apr 2029 3.00% 20 Apr 2029 3.00% 20 Apr 2029 3.00% 20 Apr 2029
Total Amount Offered ($million) 250 250 250 150 250 250 250 250
Total Amount Allocated ($million) 250 250 250 150 250 250 250 250
Total Number of Bids Received 49 43 51 38 49 26 47 51
Total Amount of Bids Received ($million) 599 633 610 425 494 330 758 732
Total Number of Successful Bids 9 12 17 11 20 18 11 7
Highest Yield Accepted (%) 1.1325 1.5050 1.4350 1.3200 1.0500 1.3000 1.1200 1.5350
Lowest Yield Accepted (%) 1.1175 1.4900 1.4250 1.3000 1.0250 1.2700 1.1100 1.5300
Highest Yield Rejected (%) 1.2700 1.5450 1.5200 1.3900 1.1300 1.4500 1.2000 1.6400
Lowest Yield Rejected (%) 1.1350 1.5050 1.4350 1.3200 1.0500 1.3050 1.1200 1.5350
Weighted Average Accepted Yield (%) 1.1204 1.4988 1.4308 1.3071 1.0396 1.2898 1.1169 1.5346
Weighted Average Rejected Yield (%) 1.1682 1.5148 1.4574 1.3335 1.0774 1.3756 1.1436 1.5625
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100.00 46.60 69.2 20.5 80.0 100.0 92.4 84.6
Coverage ratio 2.3960 2.5320 2.4400 2.8333 1.9760 1.3200 3.0320 2.9280

 

(3) Series Offered : 2.75% 15 Apr 2037

  Mar 19 - #719 Mar 19 - #717 Feb 20 - #713 Jan 23 - #709 Nov 21 - #704 Oct 10 - #699 Aug 15 - #692
Series Offered 2.75% 15 Apr 2037 2.75% 15 Apr 2037 2.75% 15 Apr 2037 2.75% 15 Apr 2037 2.75% 15 Apr 2037 2.75% 15 Apr 2037 2.75% 15 Apr 2037
Total Amount Offered ($million) 200 150 200 150 150 150 150
Total Amount Allocated ($million) 200 150 200 150 150 150 150
Total Number of Bids Received 42 35 57 44 33 34 53
Total Amount of Bids Received ($million) 280 215 419 448 469 353 528
Total Number of Successful Bids 24 27 24 17 4 16 9
Highest Yield Accepted (%) 1.7950 2.6500 1.7550 1.9350 1.7150 1.6100 1.3650
Lowest Yield Accepted (%) 1.7250 2.5000 1.7350 1.9200 1.7150 1.5950 1.3550
Highest Yield Rejected (%) 1.9300 2.6500 1.8000 1.9700 1.8000 1.6700 1.5000
Lowest Yield Rejected (%) 1.8000 2.6500 1.7550 1.9350 1.7150 1.6100 1.3650
Weighted Average Accepted Yield (%) 1.7610 2.5658 1.7453 1.9299 1.7147 1.6062 1.3642
Weighted Average Rejected Yield (%) 1.8419 2.6977 1.7640 1.9470 1.7345 1.6210 1.3914
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100.00 50.00 2.30 45.20 89.20 78.60 99.3
Coverage ratio 1.4000 1.4333 2.0950 2.9867 3.1267 2.3533 3.5200

*Individual allotments may vary due to rounding.

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