Bonds
NZ Govt Bond Tender #729; Tender Date 25 Jun 2020
25th Jun 20, 2:20pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 729 held on Jun 25, 2020.
Tender Date: Thursday, Jun 25, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Jun 30, 2020
(1) Series Offered : 2.75% 15 Apr 2023
| Jun 25 - #729 | Jun 11 - #728 | May 28 - #726 | May 15 - #724 | Apr 30 - #722 | |
| 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 ($million) | 500 | 500 | 500 | 500 | 350 |
| Total Amount Allocated ($million) | 500 | 500 | 500 | 500 | 350 |
| Total Number of Bids Received | 44 | 34 | 26 | 26 | 24 |
| Total Amount of Bids Received ($million) | 1635 | 980 | 955 | 1,040 | 632 |
| Total Number of Successful Bids | 4 | 26 | 14 | 11 | 8 |
| Highest Yield Accepted (%) | 0.3275 | 0.3300 | 0.2300 | 0.0800 | 0.1750 |
| Lowest Yield Accepted (%) | 0.3200 | 0.2800 | 0.1950 | 0.0725 | 0.1675 |
| Highest Yield Rejected (%) | 0.3750 | 0.3800 | 0.2800 | 0.1300 | 0.2300 |
| Lowest Yield Rejected (%) | 0.3275 | 0.3300 | 0.2300 | 0.0800 | 0.1750 |
| Weighted Average Accepted Yield (%) | 0.3270 | 0.3068 | 0.2208 | 0.0772 | 0.1693 |
| Weighted Average Rejected Yield (%) | 0.3444 | 0.3476 | 0.2504 | 0.0943 | 0.1893 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 88.20 | 41.40 | 3.70 | 67.70 | 84.4 |
| Coverage ratio | 3.27 | 1.96 | 1.91 | 2.08 | 1.81 |
(2) Series Offered : 3.00% 20 Apr 2029
| Jun 25 - #729 | Jun 11 - #728 | May 28 - #726 | May 15 - #724 | Apr 30 - #722 | |
| Series Offered | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 |
| Total Amount Offered ($million) | 350 | 350 | 350 | 350 | 250 |
| Total Amount Allocated ($million) | 350 | 350 | 350 | 350 | 250 |
| Total Number of Bids Received | 62 | 60 | 49 | 75 | 67 |
| Total Amount of Bids Received ($million) | 610 | 696 | 633 | 1,010 | 1,099 |
| Total Number of Successful Bids | 37 | 35 | 33 | 31 | 25 |
| Highest Yield Accepted (%) | 0.8400 | 0.7400 | 0.6150 | 0.5350 | 0.7700 |
| Lowest Yield Accepted (%) | 0.8075 | 0.7150 | 0.5800 | 0.5175 | 0.7500 |
| Highest Yield Rejected (%) | 0.9350 | 0.8075 | 0.6450 | 0.6700 | 0.9000 |
| Lowest Yield Rejected (%) | 0.8400 | 0.7400 | 0.6150 | 0.5350 | 0.7700 |
| Weighted Average Accepted Yield (%) | 0.8233 | 0.7289 | 0.6028 | 0.5286 | 0.7634 |
| Weighted Average Rejected Yield (%) | 0.8744 | 0.7619 | 0.6249 | 0.5592 | 0.7836 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 62.50 | 55.20 | 3.60 | 43.70 | 1.4000 |
| Coverage ratio | 1.74 | 1.99 | 1.81 | 2.89 | 4.39 |
(3) Series Offered : 2.75% 15 Apr 2037
| Jun 25 - #729 | Jun 11 - #728 | May 28 - #726 | May 15 - #724 | 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 | 47 | 62 | 53 | 72 | 46 |
| Total Amount of Bids Received ($million) | 465 | 490 | 446 | 772 | 572 |
| Total Number of Successful Bids | 17 | 27 | 34 | 24 | 14 |
| Highest Yield Accepted (%) | 1.2675 | 1.1250 | 1.0300 | 0.9850 | 1.1925 |
| Lowest Yield Accepted (%) | 1.2500 | 1.0950 | 0.9750 | 0.9700 | 1.1675 |
| Highest Yield Rejected (%) | 1.4400 | 1.1925 | 1.1000 | 1.0500 | 1.2400 |
| Lowest Yield Rejected (%) | 1.2675 | 1.1250 | 1.0300 | 0.9850 | 1.1925 |
| Weighted Average Accepted Yield (%) | 1.2546 | 1.1152 | 1.0100 | 0.9806 | 1.1884 |
| Weighted Average Rejected Yield (%) | 1.3078 | 1.1465 | 1.0499 | 1.0021 | 1.2048 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 14.30 | 88.40 | 13.80 | 87.80 | 50.00 |
| Coverage ratio | 2.32 | 2.45 | 2.23 | 3.86 | 2.86 |
*Individual allotments may vary due to rounding.
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