NZ Govt Bond Tender #725; Tender Date 21 May 2020

NZ Govt Bond Tender #725; Tender Date 21 May 2020

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 725 held on May 21, 2020.

Tender Date: Thursday, May 21, 2020.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, May 26, 2020

 

(1) Series Offered : 2.75% 15 Apr 2025

  May 21 - #725 May 7 - #723 Apr 23 - #721 Mar 26 - #718 Jan 30 - #714
Series Offered 2.75% 15 April 2025 2.75% 15 April 2025 2.75% 15 April 2025 2.75% 15 April 2025 2.75% 15 April 2025
Total Amount offered ($million) 500 500 350 250 250
Total Amount Allocated ($million) 500 500 350 250 250
Total Number of bids Received 37 30 33 53 28
Total Amount of bids Received ($million) 1605 1360 1065 702 697
Total Number of Successful bids 8 12 15 20 9
Highest Yield Accepted (%) 0.2250 0.2875 0.4800 0.7750 0.9700
Lowest Yield Accepted (%) 0.2200 0.2750 0.4600 0.7450 0.9600
Highest Yield Rejected (%) 0.2650 0.3100 0.5500 0.8625 0.9950
Lowest Yield Rejected (%) 0.2250 0.2875 0.4800 0.7750 0.9700
Weighted Average Accepted Yield (%) 0.2246 0.2809 0.4743 0.7627 0.9668
Weighted Average Rejected Yield (%) 0.2366 0.2917 0.4900 0.8133 0.9801
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* 72.80 9.10 28.60 16.00 66.70
Coverage ratio 3.21 2.72 3.04 2.81 2.79

 

(2) Series Offered : 4.50% 15 Apr 2027

  May 21 - #723 May 7 - #723 Apr 23 - #721
Series Offered - 4.50% 15 Apr 2027 4.50% 15 Apr 2027 4.50% 15 Apr 2027
Total Amount Offered ($million) 350 350 250
Total Amount Allocated ($million) 350 350 250
Total Number of Bids Received 44 54 44
Total Amount of Bids Received ($million) 1078 1265 1140
Total Number of Successful Bids 14 15 19
Highest Yield Accepted (%) 0.3700 0.4825 0.7100
Lowest Yield Accepted (%) 0.3600 0.4675 0.6925
Highest Yield Rejected (%) 0.4100 0.6225 0.7400
Lowest Yield Rejected (%) 0.3700 0.4825 0.7100
Weighted Average Accepted Yield (%) 0.3673 0.4795 0.7034
Weighted Average Rejected Yield (%) 0.3849 0.4932 0.7185
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 77.50 60.30 5.00
Coverage ratio 3.0800 3.6143 4.56

 

(3) Series Offered : 3.50% 15 Apr 2033

  May 21 - #725 Apr 23 - #723 Apr 23 - #721
Series Offered 3.50% 14 Apr 2033 3.50% 14 Apr 2033 3.50% 14 Apr 2033
Total Amount Offered ($million) 200 200 200
Total Amount Allocated ($million) 200 200 200
Total Number of Bids Received 65 46 43
Total Amount of Bids Received ($million) 605 632 396
Total Number of Successful Bids 20 19 21
Highest Yield Accepted (%) 0.7375 0.9075 1.2075
Lowest Yield Accepted (%) 0.7225 0.8825 1.1850
Highest Yield Rejected (%) 0.8450 0.9775 1.2500
Lowest Yield Rejected (%) 0.7375 0.9075 1.2075
Weighted Average Accepted Yield (%) 0.7313 0.8953 1.1939
Weighted Average Rejected Yield (%) 0.7580 0.9240 1.2224
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 49.00 77.80 50.00
Coverage ratio 3.02 3.16 1.98

*Individual allotments may vary due to rounding.

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