Bonds
NZ Govt Bond Tender #730; Tender Date 2 Jul 2020
2nd Jul 20, 2:37pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 730 held on Jul 2, 2020.
Tender Date: Thursday, Jul 2, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Jul 7, 2020
(1) Nominal Bonds - Series Offered : 2.75% 15 Apr 2025
| Jul 2 - #730 | Jun 4 - #727 | May 21 - #725 | May 7 - #723 | |
| Series Offered | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 |
| Total Amount offered ($million) | 450 | 500 | 500 | 500 |
| Total Amount Allocated ($million) | 450 | 500 | 500 | 500 |
| Total Number of bids Received | 58 | 36 | 37 | 30 |
| Total Amount of bids Received ($million) | 1201 | 1020 | 1605 | 1360 |
| Total Number of Successful bids | 24 | 19 | 8 | 12 |
| Highest Yield Accepted (%) | 0.4700 | 0.4275 | 0.2250 | 0.2875 |
| Lowest Yield Accepted (%) | 0.4125 | 0.4100 | 0.2200 | 0.2750 |
| Highest Yield Rejected (%) | 0.5100 | 0.4425 | 0.2650 | 0.3100 |
| Lowest Yield Rejected (%) | 0.4700 | 0.4275 | 0.2250 | 0.2875 |
| Weighted Average Accepted Yield (%) | 0.4538 | 0.4191 | 0.2246 | 0.2809 |
| Weighted Average Rejected Yield (%) | 0.4842 | 0.4341 | 0.2366 | 0.2917 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 62.50 | 6.20 | 72.80 | 9.10 |
| Coverage ratio | 2.67 | 2.04 | 3.21 | 2.72 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Jul 02 - #730 | Mar 12 - #716 | Feb 13 - #712 | Jan 16 - #708 | |
| Series Offered | 1.50% 15 May 2031 | 1.50% 15 May 2031 | 1.50% 15 May 2031 | 1.50% 15 May 2031 |
| Total Amount Offered ($million) | 350 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 350 | 250 | 250 | 250 |
| Total Number of Bids Received | 68 | 42 | 52 | 62 |
| Total Amount of Bids Received ($million) | 885 | 443 | 853 | 645 |
| Total Number of Successful Bids | 19 | 16 | 17 | 25 |
| Highest Yield Accepted (%) | 0.9875 | 1.2500 | 1.5850 | 1.6800 |
| Lowest Yield Accepted (%) | 0.9775 | 1.2200 | 1.5600 | 1.6000 |
| Highest Yield Rejected (%) | 1.0700 | 1.4250 | 1.6500 | 1.7350 |
| Lowest Yield Rejected (%) | 0.9900 | 1.2500 | 1.5850 | 1.6800 |
| Weighted Average Accepted Yield (%) | 0.9840 | 1.2319 | 1.5787 | 1.6718 |
| Weighted Average Rejected Yield (%) | 1.0135 | 1.3083 | 1.5999 | 1.7074 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 76.20 | 29.80 | 75.00 |
| Coverage ratio | 2.5286 | 1.7720 | 3.4120 | 2.5800 |
(3) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2040
| 2.50% - 20 September 2040 | Today #730 | Previous #715 | Previous #711 | Previous #706 |
| Series offered | tender Jul 2, 2020 | tender Mar 5, 2020 | tender Feb 7, 2020 | tender Dec 5, 2019 |
| Total Amount Offered ($mln) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($mln) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 20 | 25 | 25 | 20 |
| Total Amount of Bids Received ($mln) | 76 | 82 | 110 | 70 |
| Total Number of Successful Bids | 15 | 19 | 10 | 15 |
| Highest Yield Accepted (%) | 0.5000 | 0.5900 | 0.7500 | 0.7250 |
| Lowest Yield Accepted (%) | 0.4300 | 0.4900 | 0.7200 | 0.6600 |
| Highest Yield Rejected (%) | 0.5475 | 0.6400 | 0.8500 | 0.7900 |
| Lowest Yield Rejected (%) | 0.5000 | 0.5900 | 0.7550 | 0.7250 |
| Weighted Average Accepted Yield (%) | 0.4754 | 0.5393 | 0.7406 | 0.7000 |
| Weighted Average Rejected Yield (%) | 0.5148 | 0.6197 | 0.7746 | 0.7520 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 80.00 | 60.00 | 100.00 | 40.00 |
| Coverage Ratio | 1.52 | 1.6400 | 2.2000 | 1.4000 |
*Individual allotments may vary due to rounding.
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