Bonds
NZ Govt Bond Tender #726; Tender Date 28 May 2020
28th May 20, 2:19pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 726 held on May 28, 2020.
Tender Date: Thursday, May 28, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Jun 03, 2020
(1) Series Offered : 2.75% 15 Apr 2023
| May 20 - #726 | May 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 | 5.50% 15 Apr 2023 |
| Total Amount Offered ($million) | 500 | 500 | 350 | 350 | 350 |
| Total Amount Allocated ($million) | 500 | 500 | 350 | 350 | 350 |
| Total Number of Bids Received | 26 | 26 | 24 | 30 | 35 |
| Total Amount of Bids Received ($million) | 955 | 1,040 | 632 | 1,488 | 977 |
| Total Number of Successful Bids | 14 | 11 | 8 | 11 | 15 |
| Highest Yield Accepted (%) | 0.2300 | 0.0800 | 0.1750 | 0.3450 | 0.5100 |
| Lowest Yield Accepted (%) | 0.1950 | 0.0725 | 0.1675 | 0.3300 | 0.4900 |
| Highest Yield Rejected (%) | 0.2800 | 0.1300 | 0.2300 | 0.3750 | 0.5600 |
| Lowest Yield Rejected (%) | 0.2300 | 0.0800 | 0.1750 | 0.3450 | 0.5100 |
| Weighted Average Accepted Yield (%) | 0.2208 | 0.0772 | 0.1693 | 0.3405 | 0.5006 |
| Weighted Average Rejected Yield (%) | 0.2504 | 0.0943 | 0.1893 | 0.3554 | 0.5239 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 3.70 | 67.70 | 84.4 | 78.90 | 18.40 |
| Coverage ratio | 1.91 | 2.08 | 1.81 | 4.25 | 2.79 |
(2) Series Offered : 3.00% 20 Apr 2029
| May 20 - #726 | May 20 - #724 | Apr 20 - #722 | Apr 20 - #720 | Apr 20 - #719 | |
| Series Offered | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 |
| Total Amount Offered ($million) | 350 | 350 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 350 | 350 | 250 | 250 | 250 |
| Total Number of Bids Received | 49 | 75 | 67 | 44 | 49 |
| Total Amount of Bids Received ($million) | 633 | 1,010 | 1,099 | 951 | 599 |
| Total Number of Successful Bids | 33 | 31 | 25 | 19 | 9 |
| Highest Yield Accepted (%) | 0.6150 | 0.5350 | 0.7700 | 0.9650 | 1.1325 |
| Lowest Yield Accepted (%) | 0.5800 | 0.5175 | 0.7500 | 0.9475 | 1.1175 |
| Highest Yield Rejected (%) | 0.6450 | 0.6700 | 0.9000 | 1.0000 | 1.2700 |
| Lowest Yield Rejected (%) | 0.6150 | 0.5350 | 0.7700 | 0.9650 | 1.1350 |
| Weighted Average Accepted Yield (%) | 0.6028 | 0.5286 | 0.7634 | 0.9582 | 1.1204 |
| Weighted Average Rejected Yield (%) | 0.6249 | 0.5592 | 0.7836 | 0.9770 | 1.1682 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 3.60 | 43.70 | 1.4000 | 33.30 | 100.00 |
| Coverage ratio | 1.81 | 2.89 | 4.39 | 3.80 | 2.39 |
(3) Series Offered : 2.75% 15 Apr 2037
| May 20 - #726 | May 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 | 2.75% 15 Apr 2037 |
| Total Amount Offered ($million) | 200 | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 | 200 |
| Total Number of Bids Received | 53 | 72 | 46 | 43 | 42 |
| Total Amount of Bids Received ($million) | 446 | 772 | 572 | 336 | 280 |
| Total Number of Successful Bids | 34 | 24 | 14 | 25 | 24 |
| Highest Yield Accepted (%) | 1.0300 | 0.9850 | 1.1925 | 1.3300 | 1.7950 |
| Lowest Yield Accepted (%) | 0.9750 | 0.9700 | 1.1675 | 1.2900 | 1.7250 |
| Highest Yield Rejected (%) | 1.1000 | 1.0500 | 1.2400 | 1.3775 | 1.9300 |
| Lowest Yield Rejected (%) | 1.0300 | 0.9850 | 1.1925 | 1.3300 | 1.8000 |
| Weighted Average Accepted Yield (%) | 1.0100 | 0.9806 | 1.1884 | 1.3192 | 1.7610 |
| Weighted Average Rejected Yield (%) | 1.0499 | 1.0021 | 1.2048 | 1.3477 | 1.8419 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 13.80 | 87.80 | 50.00 | 45.00 | 100.00 |
| Coverage ratio | 2.23 | 3.86 | 2.86 | 1.68 | 1.40 |
*Individual allotments may vary due to rounding.
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