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NZ Govt Bond Tender #724; Tender Date 15 May 2020

NZ Govt Bond Tender #724; Tender Date 15 May 2020

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 724 held on May 15, 2020.

Tender Date: Thursday, May 15, 2020.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, May 20, 2020

 

(1) Series Offered : 2.75% 15 Apr 2025

  Apr 20 - #724 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 5.50% 15 Apr 2023
Total Amount Offered ($million) 500 350 350 350
Total Amount Allocated ($million) 500 350 350 350
Total Number of Bids Received 26 24 30 35
Total Amount of Bids Received ($million) 1,040 632 1,488 977
Total Number of Successful Bids 11 8 11 15
Highest Yield Accepted (%) 0.0800 0.1750 0.3450 0.5100
Lowest Yield Accepted (%) 0.0725 0.1675 0.3300 0.4900
Highest Yield Rejected (%) 0.1300 0.2300 0.3750 0.5600
Lowest Yield Rejected (%) 0.0800 0.1750 0.3450 0.5100
Weighted Average Accepted Yield (%) 0.0772 0.1693 0.3405 0.5006
Weighted Average Rejected Yield (%) 0.0943 0.1893 0.3554 0.5239
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 67.70 84.4 78.90 18.40
Coverage ratio 2.0800 1.8057 4.2514 2.7914

 

(2) Series Offered : 3.00% 20 Apr 2029

  Apr 20 - #724 Apr 20 - #722 Apr 20 - #720 Apr 20 - #719
Series Offered 3.00% 20 Apr 2029 3.00% 20 Apr 2029 3.00% 20 Apr 2029 3.00% 20 Apr 2029
Total Amount Offered ($million) 350 250 250 250
Total Amount Allocated ($million) 350 250 250 250
Total Number of Bids Received 75 67 44 49
Total Amount of Bids Received ($million) 1,010 1,099 951 599
Total Number of Successful Bids 31 25 19 9
Highest Yield Accepted (%) 0.5350 0.7700 0.9650 1.1325
Lowest Yield Accepted (%) 0.5175 0.7500 0.9475 1.1175
Highest Yield Rejected (%) 0.6700 0.9000 1.0000 1.2700
Lowest Yield Rejected (%) 0.5350 0.7700 0.9650 1.1350
Weighted Average Accepted Yield (%) 0.5286 0.7634 0.9582 1.1204
Weighted Average Rejected Yield (%) 0.5592 0.7836 0.9770 1.1682
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 43.70 1.4000 33.30 100.00
Coverage ratio 2.8857 4.3960 3.8040 2.3960

 

(3) Series Offered : 2.75% 15 Apr 2037

  Apr 20 - #724 Apr 20 - #720 Apr 20 - #720 Apr 20 - #719
Series Offered 2.75% 15 Apr 2037 2.75% 15 Apr 2037 2.75% 15 Apr 2037 2.75% 15 Apr 2037
Total Amount Offered ($million) 200 200 200 200
Total Amount Allocated ($million) 200 200 200 200
Total Number of Bids Received 72 46 43 42
Total Amount of Bids Received ($million) 772 572 336 280
Total Number of Successful Bids 24 14 25 24
Highest Yield Accepted (%) 0.9850 1.1925 1.3300 1.7950
Lowest Yield Accepted (%) 0.9700 1.1675 1.2900 1.7250
Highest Yield Rejected (%) 1.0500 1.2400 1.3775 1.9300
Lowest Yield Rejected (%) 0.9850 1.1925 1.3300 1.8000
Weighted Average Accepted Yield (%) 0.9806 1.1884 1.3192 1.7610
Weighted Average Rejected Yield (%) 1.0021 1.2048 1.3477 1.8419
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 87.80 50.00 45.00 100.00
Coverage ratio 3.86 2.8600 1.6800 1.4000

*Individual allotments may vary due to rounding.

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