Bonds
NZ Govt Bond Tender #733; Tender Date 30 Jul 2020
30th Jul 20, 2:18pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 733 held on Jul 30, 2020.
Tender Date: Thursday, Jul 30, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Aug 4, 2020
(1) Nominal Bonds - Series Offered : 2.75% 15 Apr 2025
| Jul 30 - #733 | Jul 2 - #730 | Jun 4 - #727 | May 21 - #725 | |
| 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 ($million) | 450 | 450 | 500 | 500 |
| Total Amount Allocated ($million) | 450 | 450 | 500 | 500 |
| Total Number of bids Received | 36 | 58 | 36 | 37 |
| Total Amount of bids Received ($million) | 1302 | 1201 | 1020 | 1605 |
| Total Number of Successful bids | 18 | 24 | 19 | 8 |
| Highest Yield Accepted (%) | 0.3750 | 0.4700 | 0.4275 | 0.2250 |
| Lowest Yield Accepted (%) | 0.3600 | 0.4125 | 0.4100 | 0.2200 |
| Highest Yield Rejected (%) | 0.4050 | 0.5100 | 0.4425 | 0.2650 |
| Lowest Yield Rejected (%) | 0.3750 | 0.4700 | 0.4275 | 0.2250 |
| Weighted Average Accepted Yield (%) | 0.3688 | 0.4538 | 0.4191 | 0.2246 |
| Weighted Average Rejected Yield (%) | 0.3801 | 0.4842 | 0.4341 | 0.2366 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 7.80 | 62.50 | 6.20 | 72.80 |
| Coverage ratio | 2.89 | 2.67 | 2.04 | 3.21 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Jul 30 - #733 | Jul 02 - #730 | Mar 12 - #716 | Feb 13 - #712 | |
| Series Offered | 1.50% 15 May 2031 | 1.50% 15 May 2031 | 1.50% 15 May 2031 | 1.50% 15 May 2031 |
| Total Amount Offered ($million) | 350 | 350 | 250 | 250 |
| Total Amount Allocated ($million) | 350 | 350 | 250 | 250 |
| Total Number of Bids Received | 60 | 68 | 42 | 52 |
| Total Amount of Bids Received ($million) | 993 | 885 | 443 | 853 |
| Total Number of Successful Bids | 27 | 19 | 16 | 17 |
| Highest Yield Accepted (%) | 0.8150 | 0.9875 | 1.2500 | 1.5850 |
| Lowest Yield Accepted (%) | 0.7975 | 0.9775 | 1.2200 | 1.5600 |
| Highest Yield Rejected (%) | 0.8825 | 1.0700 | 1.4250 | 1.6500 |
| Lowest Yield Rejected (%) | 0.8150 | 0.9900 | 1.2500 | 1.5850 |
| Weighted Average Accepted Yield (%) | 0.8086 | 0.9840 | 1.2319 | 1.5787 |
| Weighted Average Rejected Yield (%) | 0.8272 | 1.0135 | 1.3083 | 1.5999 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 3.70 | 100.00 | 76.20 | 29.80 |
| Coverage ratio | 2.84 | 2.53 | 1.77 | 3.41 |
(3) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2040
| 2.50% - 20 September 2040 | #733 | #730 | #715 | #711 |
| Series offered | Jul 30, 2020 | Jul 2, 2020 | Mar 5, 2020 | Feb 7, 2020 |
| Total Amount Offered ($mln) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($mln) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 34 | 20 | 25 | 25 |
| Total Amount of Bids Received ($mln) | 150 | 76 | 82 | 110 |
| Total Number of Successful Bids | 4 | 15 | 19 | 10 |
| Highest Yield Accepted (%) | 0.3475 | 0.5000 | 0.5900 | 0.7500 |
| Lowest Yield Accepted (%) | 0.3400 | 0.4300 | 0.4900 | 0.7200 |
| Highest Yield Rejected (%) | 0.4600 | 0.5475 | 0.6400 | 0.8500 |
| Lowest Yield Rejected (%) | 0.3475 | 0.5000 | 0.5900 | 0.7550 |
| Weighted Average Accepted Yield (%) | 0.3471 | 0.4754 | 0.5393 | 0.7406 |
| Weighted Average Rejected Yield (%) | 0.3834 | 0.5148 | 0.6197 | 0.7746 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 88.50 | 80.00 | 60.00 | 100.00 |
| Coverage Ratio | 3.00 | 1.52 | 1.6400 | 2.2000 |
*Individual allotments may vary due to rounding.
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