Bonds
NZ Govt Bond Tender #728; Tender Date 11 Jun 2020
11th Jun 20, 2:19pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 728 held on Jun 11, 2020.
Tender Date: Thursday, Jun 11, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Jun 16, 2020
(1) Series Offered : 2.75% 15 Apr 2023
| Jun 11 - #728 | May 28 - #726 | May 15 - #724 | Apr 30 - #722 | Apr 16 - #720 | |
| 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 ($million) | 500 | 500 | 500 | 350 | 350 |
| Total Amount Allocated ($million) | 500 | 500 | 500 | 350 | 350 |
| Total Number of Bids Received | 34 | 26 | 26 | 24 | 30 |
| Total Amount of Bids Received ($million) | 980 | 955 | 1,040 | 632 | 1,488 |
| Total Number of Successful Bids | 26 | 14 | 11 | 8 | 11 |
| Highest Yield Accepted (%) | 0.3300 | 0.2300 | 0.0800 | 0.1750 | 0.3450 |
| Lowest Yield Accepted (%) | 0.2800 | 0.1950 | 0.0725 | 0.1675 | 0.3300 |
| Highest Yield Rejected (%) | 0.3800 | 0.2800 | 0.1300 | 0.2300 | 0.3750 |
| Lowest Yield Rejected (%) | 0.3300 | 0.2300 | 0.0800 | 0.1750 | 0.3450 |
| Weighted Average Accepted Yield (%) | 0.3068 | 0.2208 | 0.0772 | 0.1693 | 0.3405 |
| Weighted Average Rejected Yield (%) | 0.3476 | 0.2504 | 0.0943 | 0.1893 | 0.3554 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 41.40 | 3.70 | 67.70 | 84.4 | 78.90 |
| Coverage ratio | 1.96 | 1.91 | 2.08 | 1.81 | 4.25 |
(2) Series Offered : 3.00% 20 Apr 2029
| Jun 11 - #728 | May 28 - #726 | May 15 - #724 | Apr 30 - #722 | Apr 16 - #720 | |
| Series Offered | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 |
| Total Amount Offered ($million) | 350 | 350 | 350 | 250 | 250 |
| Total Amount Allocated ($million) | 350 | 350 | 350 | 250 | 250 |
| Total Number of Bids Received | 60 | 49 | 75 | 67 | 44 |
| Total Amount of Bids Received ($million) | 696 | 633 | 1,010 | 1,099 | 951 |
| Total Number of Successful Bids | 35 | 33 | 31 | 25 | 19 |
| Highest Yield Accepted (%) | 0.7400 | 0.6150 | 0.5350 | 0.7700 | 0.9650 |
| Lowest Yield Accepted (%) | 0.7150 | 0.5800 | 0.5175 | 0.7500 | 0.9475 |
| Highest Yield Rejected (%) | 0.8075 | 0.6450 | 0.6700 | 0.9000 | 1.0000 |
| Lowest Yield Rejected (%) | 0.7400 | 0.6150 | 0.5350 | 0.7700 | 0.9650 |
| Weighted Average Accepted Yield (%) | 0.7289 | 0.6028 | 0.5286 | 0.7634 | 0.9582 |
| Weighted Average Rejected Yield (%) | 0.7619 | 0.6249 | 0.5592 | 0.7836 | 0.9770 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 55.20 | 3.60 | 43.70 | 1.4000 | 33.30 |
| Coverage ratio | 1.99 | 1.81 | 2.89 | 4.39 | 3.80 |
(3) Series Offered : 2.75% 15 Apr 2037
| Jun 11 - #728 | May 28 - #726 | May 15 - #724 | Apr 16 - #720 | Apr 16 - #720 | |
| 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 | 62 | 53 | 72 | 46 | 43 |
| Total Amount of Bids Received ($million) | 490 | 446 | 772 | 572 | 336 |
| Total Number of Successful Bids | 27 | 34 | 24 | 14 | 25 |
| Highest Yield Accepted (%) | 1.1250 | 1.0300 | 0.9850 | 1.1925 | 1.3300 |
| Lowest Yield Accepted (%) | 1.0950 | 0.9750 | 0.9700 | 1.1675 | 1.2900 |
| Highest Yield Rejected (%) | 1.1925 | 1.1000 | 1.0500 | 1.2400 | 1.3775 |
| Lowest Yield Rejected (%) | 1.1250 | 1.0300 | 0.9850 | 1.1925 | 1.3300 |
| Weighted Average Accepted Yield (%) | 1.1152 | 1.0100 | 0.9806 | 1.1884 | 1.3192 |
| Weighted Average Rejected Yield (%) | 1.1465 | 1.0499 | 1.0021 | 1.2048 | 1.3477 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 88.40 | 13.80 | 87.80 | 50.00 | 45.00 |
| Coverage ratio | 2.45 | 2.23 | 3.86 | 2.86 | 1.68 |
*Individual allotments may vary due to rounding.
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