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NZ Govt Bond Tender #728; Tender Date 11 Jun 2020

Bonds
NZ Govt Bond Tender #728; Tender Date 11 Jun 2020
11th Jun 20, 2:19pm by Suhaimi Mohamad

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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