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NZ Govt Bond Tender #729; Tender Date 25 Jun 2020

Bonds
NZ Govt Bond Tender #729; Tender Date 25 Jun 2020
25th Jun 20, 2:20pm by Suhaimi Mohamad

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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