Bonds
NZ Govt Bond Tender #722; Tender Date 30 April 2020
30th Apr 20, 2:26pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 722 held on April 30, 2020.
Tender Date: Thursday, April 30, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, May 05, 2020
(1) Series Offered : 2.75% 15 Apr 2025
| Apr 20 - #722 | Apr 20 - #720 | Apr 20 - #719 | |
| Series Offered | 5.50% 15 Apr 2023 | 5.50% 15 Apr 2023 | 5.50% 15 Apr 2023 |
| Total Amount Offered ($million) | 350 | 350 | 350 |
| Total Amount Allocated ($million) | 350 | 350 | 350 |
| Total Number of Bids Received | 24 | 30 | 35 |
| Total Amount of Bids Received ($million) | 632 | 1,488 | 977 |
| Total Number of Successful Bids | 8 | 11 | 15 |
| Highest Yield Accepted (%) | 0.1750 | 0.3450 | 0.5100 |
| Lowest Yield Accepted (%) | 0.1675 | 0.3300 | 0.4900 |
| Highest Yield Rejected (%) | 0.2300 | 0.3750 | 0.5600 |
| Lowest Yield Rejected (%) | 0.1750 | 0.3450 | 0.5100 |
| Weighted Average Accepted Yield (%) | 0.1693 | 0.3405 | 0.5006 |
| Weighted Average Rejected Yield (%) | 0.1893 | 0.3554 | 0.5239 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 84.4 | 78.90 | 18.40 |
| Coverage ratio | 1.8057 | 4.2514 | 2.7914 |
(2) Series Offered : 3.00% 20 Apr 2029
| Apr 20 - #722 | Apr 20 - #720 | Apr 20 - #719 | Dec 19 - #707 | Nov 19 - #703 | |
| Series Offered | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 |
| Total Amount Offered ($million) | 250 | 250 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 250 | 250 |
| Total Number of Bids Received | 67 | 44 | 49 | 43 | 51 |
| Total Amount of Bids Received ($million) | 1,099 | 951 | 599 | 633 | 610 |
| Total Number of Successful Bids | 25 | 19 | 9 | 12 | 17 |
| Highest Yield Accepted (%) | 0.7700 | 0.9650 | 1.1325 | 1.5050 | 1.4350 |
| Lowest Yield Accepted (%) | 0.7500 | 0.9475 | 1.1175 | 1.4900 | 1.4250 |
| Highest Yield Rejected (%) | 0.9000 | 1.0000 | 1.2700 | 1.5450 | 1.5200 |
| Lowest Yield Rejected (%) | 0.7700 | 0.9650 | 1.1350 | 1.5050 | 1.4350 |
| Weighted Average Accepted Yield (%) | 0.7634 | 0.9582 | 1.1204 | 1.4988 | 1.4308 |
| Weighted Average Rejected Yield (%) | 0.7836 | 0.9770 | 1.1682 | 1.5148 | 1.4574 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 1.4000 | 33.30 | 100.00 | 46.60 | 69.2 |
| Coverage ratio | 4.3960 | 3.8040 | 2.3960 | 2.5320 | 2.4400 |
(3) Series Offered : 2.75% 15 Apr 2037
| Apr 20 - #720 | Apr 20 - #720 | Apr 20 - #719 | Mar 19 - #717 | Feb 20 - #713 | |
| 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 |
| Total Amount Offered ($million) | 200 | 200 | 200 | 150 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 150 | 200 |
| Total Number of Bids Received | 46 | 43 | 42 | 35 | 57 |
| Total Amount of Bids Received ($million) | 572 | 336 | 280 | 215 | 419 |
| Total Number of Successful Bids | 14 | 25 | 24 | 27 | 24 |
| Highest Yield Accepted (%) | 1.1925 | 1.3300 | 1.7950 | 2.6500 | 1.7550 |
| Lowest Yield Accepted (%) | 1.1675 | 1.2900 | 1.7250 | 2.5000 | 1.7350 |
| Highest Yield Rejected (%) | 1.2400 | 1.3775 | 1.9300 | 2.6500 | 1.8000 |
| Lowest Yield Rejected (%) | 1.1925 | 1.3300 | 1.8000 | 2.6500 | 1.7550 |
| Weighted Average Accepted Yield (%) | 1.1884 | 1.3192 | 1.7610 | 2.5658 | 1.7453 |
| Weighted Average Rejected Yield (%) | 1.2048 | 1.3477 | 1.8419 | 2.6977 | 1.7640 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 45.00 | 100.00 | 50.00 | 2.30 |
| Coverage ratio | 2.8600 | 1.6800 | 1.4000 | 1.4333 | 2.0950 |
*Individual allotments may vary due to rounding.
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