Bonds
NZ Govt Bond Tender #720; Tender Date 16 April 2020
16th Apr 20, 2:12pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 720 held on April 16, 2020.
Tender Date: Thursday, April 16, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, April 21, 2020
(1) Series Offered : 5.50% 15 Apr 2023
| Apr 20 - #720 | Apr 20 - #719 | |
| Series Offered | 5.50% 15 Apr 2023 | 5.50% 15 Apr 2023 |
| Total Amount Offered ($million) | 350 | 350 |
| Total Amount Allocated ($million) | 350 | 350 |
| Total Number of Bids Received | 30 | 35 |
| Total Amount of Bids Received ($million) | 1,488 | 977 |
| Total Number of Successful Bids | 11 | 15 |
| Highest Yield Accepted (%) | 0.3450 | 0.5100 |
| Lowest Yield Accepted (%) | 0.3300 | 0.4900 |
| Highest Yield Rejected (%) | 0.3750 | 0.5600 |
| Lowest Yield Rejected (%) | 0.3450 | 0.5100 |
| Weighted Average Accepted Yield (%) | 0.3405 | 0.5006 |
| Weighted Average Rejected Yield (%) | 0.3554 | 0.5239 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 78.90 | 18.40 |
| Coverage ratio | 4.2514 | 2.7914 |
(2) Series Offered : 3.00% 20 Apr 2029
| Apr 20 - #720 | Apr 20 - #719 | Dec 19 - #707 | Nov 19 - #703 | Oct 19 - #701 | Oct 19 -#698 | Sep 19 #695 | Aug 19 #691 | |
| Series Offered | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 |
| Total Amount Offered ($million) | 250 | 250 | 250 | 250 | 150 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 250 | 150 | 250 | 250 | 250 |
| Total Number of Bids Received | 44 | 49 | 43 | 51 | 38 | 49 | 26 | 47 |
| Total Amount of Bids Received ($million) | 951 | 599 | 633 | 610 | 425 | 494 | 330 | 758 |
| Total Number of Successful Bids | 19 | 9 | 12 | 17 | 11 | 20 | 18 | 11 |
| Highest Yield Accepted (%) | 0.9650 | 1.1325 | 1.5050 | 1.4350 | 1.3200 | 1.0500 | 1.3000 | 1.1200 |
| Lowest Yield Accepted (%) | 0.9475 | 1.1175 | 1.4900 | 1.4250 | 1.3000 | 1.0250 | 1.2700 | 1.1100 |
| Highest Yield Rejected (%) | 1.0000 | 1.2700 | 1.5450 | 1.5200 | 1.3900 | 1.1300 | 1.4500 | 1.2000 |
| Lowest Yield Rejected (%) | 0.9650 | 1.1350 | 1.5050 | 1.4350 | 1.3200 | 1.0500 | 1.3050 | 1.1200 |
| Weighted Average Accepted Yield (%) | 0.9582 | 1.1204 | 1.4988 | 1.4308 | 1.3071 | 1.0396 | 1.2898 | 1.1169 |
| Weighted Average Rejected Yield (%) | 0.9770 | 1.1682 | 1.5148 | 1.4574 | 1.3335 | 1.0774 | 1.3756 | 1.1436 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 33.30 | 100.00 | 46.60 | 69.2 | 20.5 | 80.0 | 100.0 | 92.4 |
| Coverage ratio | 3.8040 | 2.3960 | 2.5320 | 2.4400 | 2.8333 | 1.9760 | 1.3200 | 3.0320 |
(3) Series Offered : 2.75% 15 Apr 2037
| Apr 20 - #720 | Apr 20 - #719 | Mar 19 - #717 | Feb 20 - #713 | Jan 23 - #709 | Nov 21 - #704 | Oct 10 - #699 | |
| 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 ($million) | 200 | 200 | 150 | 200 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 200 | 200 | 150 | 200 | 150 | 150 | 150 |
| Total Number of Bids Received | 43 | 42 | 35 | 57 | 44 | 33 | 34 |
| Total Amount of Bids Received ($million) | 336 | 280 | 215 | 419 | 448 | 469 | 353 |
| Total Number of Successful Bids | 25 | 24 | 27 | 24 | 17 | 4 | 16 |
| Highest Yield Accepted (%) | 1.3300 | 1.7950 | 2.6500 | 1.7550 | 1.9350 | 1.7150 | 1.6100 |
| Lowest Yield Accepted (%) | 1.2900 | 1.7250 | 2.5000 | 1.7350 | 1.9200 | 1.7150 | 1.5950 |
| Highest Yield Rejected (%) | 1.3775 | 1.9300 | 2.6500 | 1.8000 | 1.9700 | 1.8000 | 1.6700 |
| Lowest Yield Rejected (%) | 1.3300 | 1.8000 | 2.6500 | 1.7550 | 1.9350 | 1.7150 | 1.6100 |
| Weighted Average Accepted Yield (%) | 1.3192 | 1.7610 | 2.5658 | 1.7453 | 1.9299 | 1.7147 | 1.6062 |
| Weighted Average Rejected Yield (%) | 1.3477 | 1.8419 | 2.6977 | 1.7640 | 1.9470 | 1.7345 | 1.6210 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 45.00 | 100.00 | 50.00 | 2.30 | 45.20 | 89.20 | 78.60 |
| Coverage ratio | 1.6800 | 1.4000 | 1.4333 | 2.0950 | 2.9867 | 3.1267 | 2.3533 |
*Individual allotments may vary due to rounding.
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