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NZ Govt Bond Tender #733; Tender Date 30 Jul 2020

NZ Govt Bond Tender #733; Tender Date 30 Jul 2020

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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Days to the General Election: 38
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