Bonds
NZ Govt Bond Tender #731; Tender Date 9 Jul 2020
9th Jul 20, 2:22pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 731 held on Jul 09, 2020.
Tender Date: Thursday, Jul 09, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Jul 14, 2020
(1) Series Offered : 2.75% 15 Apr 2023
| Jul 09 - #731 | Jun 25 - #729 | Jun 11 - #728 | May 28 - #726 | May 15 - #724 | |
| 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 ($million) | 450 | 500 | 500 | 500 | 500 |
| Total Amount Allocated ($million) | 450 | 500 | 500 | 500 | 500 |
| Total Number of Bids Received | 29 | 44 | 34 | 26 | 26 |
| Total Amount of Bids Received ($million) | 855 | 1635 | 980 | 955 | 1,040 |
| Total Number of Successful Bids | 21 | 4 | 26 | 14 | 11 |
| Highest Yield Accepted (%) | 0.3400 | 0.3275 | 0.3300 | 0.2300 | 0.0800 |
| Lowest Yield Accepted (%) | 0.3150 | 0.3200 | 0.2800 | 0.1950 | 0.0725 |
| Highest Yield Rejected (%) | 0.3525 | 0.3750 | 0.3800 | 0.2800 | 0.1300 |
| Lowest Yield Rejected (%) | 0.3400 | 0.3275 | 0.3300 | 0.2300 | 0.0800 |
| Weighted Average Accepted Yield (%) | 0.3288 | 0.3270 | 0.3068 | 0.2208 | 0.0772 |
| Weighted Average Rejected Yield (%) | 0.3461 | 0.3444 | 0.3476 | 0.2504 | 0.0943 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 27.80 | 88.20 | 41.40 | 3.70 | 67.70 |
| Coverage ratio | 1.90 | 3.27 | 1.96 | 1.91 | 2.08 |
(2) Series Offered : 3.00% 20 Apr 2029
| Jul 09 - #731 | Jun 25 - #729 | Jun 11 - #728 | May 28 - #726 | May 15 - #724 | |
| Series Offered | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 |
| Total Amount Offered ($million) | 350 | 350 | 350 | 350 | 350 |
| Total Amount Allocated ($million) | 350 | 350 | 350 | 350 | 350 |
| Total Number of Bids Received | 48 | 62 | 60 | 49 | 75 |
| Total Amount of Bids Received ($million) | 953 | 610 | 696 | 633 | 1,010 |
| Total Number of Successful Bids | 20 | 37 | 35 | 33 | 31 |
| Highest Yield Accepted (%) | 0.8475 | 0.8400 | 0.7400 | 0.6150 | 0.5350 |
| Lowest Yield Accepted (%) | 0.8300 | 0.8075 | 0.7150 | 0.5800 | 0.5175 |
| Highest Yield Rejected (%) | 0.8900 | 0.9350 | 0.8075 | 0.6450 | 0.6700 |
| Lowest Yield Rejected (%) | 0.8475 | 0.8400 | 0.7400 | 0.6150 | 0.5350 |
| Weighted Average Accepted Yield (%) | 0.8397 | 0.8233 | 0.7289 | 0.6028 | 0.5286 |
| Weighted Average Rejected Yield (%) | 0.8588 | 0.8744 | 0.7619 | 0.6249 | 0.5592 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 7.50 | 62.50 | 55.20 | 3.60 | 43.70 |
| Coverage ratio | 2.72 | 1.74 | 1.99 | 1.81 | 2.89 |
(3) Series Offered : 3.50% 14 Apr 2033
| Jul 9 - #731 | Jun 4 - #727 | May 21 - #725 | Apr 23 - #723 | Apr 23 - #721 | |
| Series Offered | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 |
| Total Amount Offered ($million) | 150 | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 150 | 200 | 200 | 200 | 200 |
| Total Number of Bids Received | 44 | 53 | 65 | 46 | 43 |
| Total Amount of Bids Received ($million) | 379 | 467 | 605 | 632 | 396 |
| Total Number of Successful Bids | 18 | 24 | 20 | 19 | 21 |
| Highest Yield Accepted (%) | 1.1000 | 1.0450 | 0.7375 | 0.9075 | 1.2075 |
| Lowest Yield Accepted (%) | 1.0725 | 1.0200 | 0.7225 | 0.8825 | 1.1850 |
| Highest Yield Rejected (%) | 1.2400 | 1.1600 | 0.8450 | 0.9775 | 1.2500 |
| Lowest Yield Rejected (%) | 1.1000 | 1.0450 | 0.7375 | 0.9075 | 1.2075 |
| Weighted Average Accepted Yield (%) | 1.0924 | 1.0369 | 0.7313 | 0.8953 | 1.1939 |
| Weighted Average Rejected Yield (%) | 1.1456 | 1.0673 | 0.7580 | 0.9240 | 1.2224 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 72.70 | 46.90 | 49.00 | 77.80 | 50.00 |
| Coverage ratio | 2.53 | 2.33 | 3.02 | 3.16 | 1.98 |
*Individual allotments may vary due to rounding.
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