Bonds
NZ Govt Bond Tender #727; Tender Date 4 Jun 2020
4th Jun 20, 2:12pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 727 held on Jun 4, 2020.
Tender Date: Thursday, Jun 4, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Jun 9, 2020
(1) Series Offered : 2.75% 15 Apr 2025
| Jun 4 - #727 | May 21 - #725 | May 7 - #723 | Apr 23 - #721 | Mar 26 - #718 | |
| 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 ($million) | 500 | 500 | 500 | 350 | 250 |
| Total Amount Allocated ($million) | 500 | 500 | 500 | 350 | 250 |
| Total Number of bids Received | 36 | 37 | 30 | 33 | 53 |
| Total Amount of bids Received ($million) | 1020 | 1605 | 1360 | 1065 | 702 |
| Total Number of Successful bids | 19 | 8 | 12 | 15 | 20 |
| Highest Yield Accepted (%) | 0.4275 | 0.2250 | 0.2875 | 0.4800 | 0.7750 |
| Lowest Yield Accepted (%) | 0.4100 | 0.2200 | 0.2750 | 0.4600 | 0.7450 |
| Highest Yield Rejected (%) | 0.4425 | 0.2650 | 0.3100 | 0.5500 | 0.8625 |
| Lowest Yield Rejected (%) | 0.4275 | 0.2250 | 0.2875 | 0.4800 | 0.7750 |
| Weighted Average Accepted Yield (%) | 0.4191 | 0.2246 | 0.2809 | 0.4743 | 0.7627 |
| Weighted Average Rejected Yield (%) | 0.4341 | 0.2366 | 0.2917 | 0.4900 | 0.8133 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 6.20 | 72.80 | 9.10 | 28.60 | 16.00 |
| Coverage ratio | 2.04 | 3.21 | 2.72 | 3.04 | 2.81 |
(2) Series Offered : 4.50% 15 Apr 2027
| Jun 4 - #727 | May 21 - #725 | May 7 - #723 | Apr 23 - #721 | |
| Series Offered - | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 |
| Total Amount Offered ($million) | 350 | 350 | 350 | 250 |
| Total Amount Allocated ($million) | 350 | 350 | 350 | 250 |
| Total Number of Bids Received | 51 | 44 | 54 | 44 |
| Total Amount of Bids Received ($million) | 617 | 1078 | 1265 | 1140 |
| Total Number of Successful Bids | 29 | 14 | 15 | 19 |
| Highest Yield Accepted (%) | 0.6250 | 0.3700 | 0.4825 | 0.7100 |
| Lowest Yield Accepted (%) | 0.6025 | 0.3600 | 0.4675 | 0.6925 |
| Highest Yield Rejected (%) | 0.6900 | 0.4100 | 0.6225 | 0.7400 |
| Lowest Yield Rejected (%) | 0.6250 | 0.3700 | 0.4825 | 0.7100 |
| Weighted Average Accepted Yield (%) | 0.6167 | 0.3673 | 0.4795 | 0.7034 |
| Weighted Average Rejected Yield (%) | 0.6476 | 0.3849 | 0.4932 | 0.7185 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 84.40 | 77.50 | 60.30 | 5.00 |
| Coverage ratio | 1.76 | 3.08 | 3.61 | 4.56 |
(3) Series Offered : 3.50% 15 Apr 2033
| Jun 4 - #727 | 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 | 3.50% 14 Apr 2033 |
| Total Amount Offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of Bids Received | 53 | 65 | 46 | 43 |
| Total Amount of Bids Received ($million) | 467 | 605 | 632 | 396 |
| Total Number of Successful Bids | 24 | 20 | 19 | 21 |
| Highest Yield Accepted (%) | 1.0450 | 0.7375 | 0.9075 | 1.2075 |
| Lowest Yield Accepted (%) | 1.0200 | 0.7225 | 0.8825 | 1.1850 |
| Highest Yield Rejected (%) | 1.1600 | 0.8450 | 0.9775 | 1.2500 |
| Lowest Yield Rejected (%) | 1.0450 | 0.7375 | 0.9075 | 1.2075 |
| Weighted Average Accepted Yield (%) | 1.0369 | 0.7313 | 0.8953 | 1.1939 |
| Weighted Average Rejected Yield (%) | 1.0673 | 0.7580 | 0.9240 | 1.2224 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 46.90 | 49.00 | 77.80 | 50.00 |
| Coverage ratio | 2.33 | 3.02 | 3.16 | 1.98 |
*Individual allotments may vary due to rounding.
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