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NZ Govt Bond Tender #732; Tender Date 23 Jul 2020

NZ Govt Bond Tender #732; Tender Date 23 Jul 2020

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 732 held on Jul 23, 2020.

Tender Date: Thursday, Jul 23, 2020.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Jul 28, 2020

 

(1) Series Offered : 2.75% 15 Apr 2023

  Jul 23 - #732 Jul 09 - #731 Jun 25 - #729 Jun 11 - #728 May 28 - #726
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 ($million) 450 450 500 500 500
Total Amount Allocated ($million) 450 450 500 500 500
Total Number of Bids Received 45 29 44 34 26
Total Amount of Bids Received ($million) 1,630 855 1635 980 955
Total Number of Successful Bids 9 21 4 26 14
Highest Yield Accepted (%) 0.3225 0.3400 0.3275 0.3300 0.2300
Lowest Yield Accepted (%) 0.3150 0.3150 0.3200 0.2800 0.1950
Highest Yield Rejected (%) 0.3800 0.3525 0.3750 0.3800 0.2800
Lowest Yield Rejected (%) 0.3225 0.3400 0.3275 0.3300 0.2300
Weighted Average Accepted Yield (%) 0.3189 0.3288 0.3270 0.3068 0.2208
Weighted Average Rejected Yield (%) 0.3385 0.3461 0.3444 0.3476 0.2504
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 45.50 27.80 88.20 41.40 3.70
Coverage ratio 3.62 1.90 3.27 1.96 1.91

 

(2) Series Offered : 3.00% 20 Apr 2029

  Jul 23 - #731 Jul 09 - #731 Jun 25 - #729 Jun 11 - #728 May 28 - #726
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 83 48 62 60 49
Total Amount of Bids Received ($million) 1,013 953 610 696 633
Total Number of Successful Bids 17 20 37 35 33
Highest Yield Accepted (%) 0.7250 0.8475 0.8400 0.7400 0.6150
Lowest Yield Accepted (%) 0.7150 0.8300 0.8075 0.7150 0.5800
Highest Yield Rejected (%) 0.8500 0.8900 0.9350 0.8075 0.6450
Lowest Yield Rejected (%) 0.7250 0.8475 0.8400 0.7400 0.6150
Weighted Average Accepted Yield (%) 0.7192 0.8397 0.8233 0.7289 0.6028
Weighted Average Rejected Yield (%) 0.7552 0.8588 0.8744 0.7619 0.6249
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 76.90 7.50 62.50 55.20 3.60
Coverage ratio 2.89 2.72 1.74 1.99 1.81

 

(3) Series Offered : 3.50% 14 Apr 2033

  Jul 23 - #732 Jul 9 - #731 Jun 4 - #727 May 21 - #725 Apr 23 - #723
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 ($million) 150 150 200 200 200
Total Amount Allocated ($million) 150 150 200 200 200
Total Number of Bids Received 50 44 53 65 46
Total Amount of Bids Received ($million) 407 379 467 605 632
Total Number of Successful Bids 14 18 24 20 19
Highest Yield Accepted (%) 0.9825 1.1000 1.0450 0.7375 0.9075
Lowest Yield Accepted (%) 0.9725 1.0725 1.0200 0.7225 0.8825
Highest Yield Rejected (%) 1.0675 1.2400 1.1600 0.8450 0.9775
Lowest Yield Rejected (%) 0.9825 1.1000 1.0450 0.7375 0.9075
Weighted Average Accepted Yield (%) 0.9757 1.0924 1.0369 0.7313 0.8953
Weighted Average Rejected Yield (%) 1.0047 1.1456 1.0673 0.7580 0.9240
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 25.00 72.70 46.90 49.00 77.80
Coverage ratio 2.71 2.53 2.33 3.02 3.16

*Individual allotments may vary due to rounding.

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