Bonds
NZ Govt Bond Tender #734; Tender Date 11 Aug 2020
6th Aug 20, 2:20pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 734 held on Aug 06, 2020.
Tender Date: Thursday, Aug 06, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Aug 11, 2020
(1) Series Offered : 2.75% 15 Apr 2023
| Aug 06 - #734 | 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 | 38 | 29 | 44 | 34 | 26 |
| Total Amount of Bids Received ($million) | 1642 | 855 | 1635 | 980 | 955 |
| Total Number of Successful Bids | 7 | 21 | 4 | 26 | 14 |
| Highest Yield Accepted (%) | 03225 | 0.3400 | 0.3275 | 0.3300 | 0.2300 |
| Lowest Yield Accepted (%) | 0.3175 | 0.3150 | 0.3200 | 0.2800 | 0.1950 |
| Highest Yield Rejected (%) | 0.3600 | 0.3525 | 0.3750 | 0.3800 | 0.2800 |
| Lowest Yield Rejected (%) | 0.3225 | 0.3400 | 0.3275 | 0.3300 | 0.2300 |
| Weighted Average Accepted Yield (%) | 0.3215 | 0.3288 | 0.3270 | 0.3068 | 0.2208 |
| Weighted Average Rejected Yield (%) | 0.3321 | 0.3461 | 0.3444 | 0.3476 | 0.2504 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 56.90 | 27.80 | 88.20 | 41.40 | 3.70 |
| Coverage ratio | 3.65 | 1.90 | 3.27 | 1.96 | 1.91 |
(2) Series Offered : 3.00% 20 Apr 2029
| Aug 06 - #734 | Jul 09 - #731 | Jun 25 - #729 | Jun 11 - #728 | May 28 - #726 | |
| Series Offered | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 |
| Total Amount Offered ($million) | 350 | 350 | 350 | 350 | 350 |
| Total Amount Allocated ($million) | 350 | 350 | 350 | 350 | 350 |
| Total Number of Bids Received | 66 | 48 | 62 | 60 | 49 |
| Total Amount of Bids Received ($million) | 1029 | 953 | 610 | 696 | 633 |
| Total Number of Successful Bids | 24 | 20 | 37 | 35 | 33 |
| Highest Yield Accepted (%) | 0.6675 | 0.8475 | 0.8400 | 0.7400 | 0.6150 |
| Lowest Yield Accepted (%) | 0.6550 | 0.8300 | 0.8075 | 0.7150 | 0.5800 |
| Highest Yield Rejected (%) | 0.7800 | 0.8900 | 0.9350 | 0.8075 | 0.6450 |
| Lowest Yield Rejected (%) | 0.6675 | 0.8475 | 0.8400 | 0.7400 | 0.6150 |
| Weighted Average Accepted Yield (%) | 0.6627 | 0.8397 | 0.8233 | 0.7289 | 0.6028 |
| Weighted Average Rejected Yield (%) | 0.6950 | 0.8588 | 0.8744 | 0.7619 | 0.6249 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 60.00 | 7.50 | 62.50 | 55.20 | 3.60 |
| Coverage ratio | 2.94 | 2.72 | 1.74 | 1.99 | 1.81 |
(3) Series Offered : 3.50% 14 Apr 2033
| Aug 6 - #73 | 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 | 52 | 44 | 53 | 65 | 46 |
| Total Amount of Bids Received ($million) | 472 | 379 | 467 | 605 | 632 |
| Total Number of Successful Bids | 19 | 18 | 24 | 20 | 19 |
| Highest Yield Accepted (%) | 0.8950 | 1.1000 | 1.0450 | 0.7375 | 0.9075 |
| Lowest Yield Accepted (%) | 0.8800 | 1.0725 | 1.0200 | 0.7225 | 0.8825 |
| Highest Yield Rejected (%) | 1.0200 | 1.2400 | 1.1600 | 0.8450 | 0.9775 |
| Lowest Yield Rejected (%) | 0.8950 | 1.1000 | 1.0450 | 0.7375 | 0.9075 |
| Weighted Average Accepted Yield (%) | 0.8886 | 1.0924 | 1.0369 | 0.7313 | 0.8953 |
| Weighted Average Rejected Yield (%) | 0.9302 | 1.1456 | 1.0673 | 0.7580 | 0.9240 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 42.90 | 72.70 | 46.90 | 49.00 | 77.80 |
| Coverage ratio | 3.15 | 2.53 | 2.33 | 3.02 | 3.16 |
*Individual allotments may vary due to rounding.
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