Bonds
NZ Govt Bond Tender #719; Tender Date 2 April 2020
2nd Apr 20, 2:31pm
by
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.
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.