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NZ Govt Bond Tender #735; Tender Date 13 Aug 2020

NZ Govt Bond Tender #735; Tender Date 13 Aug 2020

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 735 held on Aug 13, 2020.

Tender Date: Thursday, Aug 13, 2020.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Aug 18, 2020

 

(1) Nominal Bonds - Series Offered : 2.75% 15 Apr 2025

  Aug 13 - #735 Jul 30 - #733 Jul 2 - #730 Jun 4 - #727
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 ($million) 450 450 450 500
Total Amount Allocated ($million) 450 450 450 500
Total Number of bids Received 38 36 58 36
Total Amount of bids Received ($million) 1535 1302 1201 1020
Total Number of Successful bids 3 18 24 19
Highest Yield Accepted (%) 0.2575 0.3750 0.4700 0.4275
Lowest Yield Accepted (%) 0.2550 0.3600 0.4125 0.4100
Highest Yield Rejected (%) 0.2950 0.4050 0.5100 0.4425
Lowest Yield Rejected (%) 0.2575 0.3750 0.4700 0.4275
Weighted Average Accepted Yield (%) 0.2574 0.3688 0.4538 0.4191
Weighted Average Rejected Yield (%) 0.2696 0.3801 0.4842 0.4341
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* 93.50 7.80 62.50 6.20
Coverage ratio 3.41 2.89 2.67 2.04

 

(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031

  Aug 13 - #735 Jul 30 - #733 Jul 02 - #730 Mar 12 - #716
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 ($million) 350 350 350 250
Total Amount Allocated ($million) 350 350 350 250
Total Number of Bids Received 51 60 68 42
Total Amount of Bids Received ($million) 944 993 885 443
Total Number of Successful Bids 14 27 19 16
Highest Yield Accepted (%) 0.6925 0.8150 0.9875 1.2500
Lowest Yield Accepted (%) 0.6750 0.7975 0.9775 1.2200
Highest Yield Rejected (%) 0.7150 0.8825 1.0700 1.4250
Lowest Yield Rejected (%) 0.6925 0.8150 0.9900 1.2500
Weighted Average Accepted Yield (%) 0.6874 0.8086 0.9840 1.2319
Weighted Average Rejected Yield (%) 0.7028 0.8272 1.0135 1.3083
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 20.00 3.70 100.00 76.20
Coverage ratio 2.69 2.84 2.53 1.77

 

(3) Series Offered : 2.75% 15 Apr 2037

  Aug 13 - #735 Jun 25 - #729 Jun 11 - #728 May 28 - #726
Series Offered 2.75% 15 Apr 2037 2.75% 15 Apr 2037 2.75% 15 Apr 2037 2.75% 15 Apr 2037
Total Amount Offered ($million) 150 200 200 200
Total Amount Allocated ($million) 150 200 200 200
Total Number of Bids Received 39 47 62 53
Total Amount of Bids Received ($million) 410 465 490 446
Total Number of Successful Bids 9 17 27 34
Highest Yield Accepted (%) 1.0400 1.2675 1.1250 1.0300
Lowest Yield Accepted (%) 1.0325 1.2500 1.0950 0.9750
Highest Yield Rejected (%) 1.1250 1.4400 1.1925 1.1000
Lowest Yield Rejected (%) 1.0400 1.2675 1.1250 1.0300
Weighted Average Accepted Yield (%) 1.0341 1.2546 1.1152 1.0100
Weighted Average Rejected Yield (%) 1.0610 1.3078 1.1465 1.0499
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 66.70 14.30 88.40 13.80
Coverage ratio 2.73 2.32 2.45 2.23

 

(4) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2040

2.50% - 20 September 2040 #735  #733  #730  #715
Series offered Aug 13, 2020 Jul 30, 2020 Jul 2, 2020  Mar 5, 2020
Total Amount Offered ($mln) 50 50 50 50
Total Amount Allocated ($mln) 50 50 50 50
Total Number of Bids Received 31 34 20 25
Total Amount of Bids Received ($mln) 148 150 76 82
Total Number of Successful Bids 9 4 15 19
Highest Yield Accepted (%) 0.0675 0.3475 0.5000 0.5900
Lowest Yield Accepted (%) 0.0400 0.3400 0.4300 0.4900
Highest Yield Rejected (%) 0.1500 0.4600 0.5475 0.6400
Lowest Yield Rejected (%) 0.0675 0.3475 0.5000 0.5900
Weighted Average Accepted Yield (%) 0.0543 0.3471 0.4754 0.5393
Weighted Average Rejected Yield (%) 0.1061 0.3834 0.5148 0.6197
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 40.00 88.50 80.00 60.00
Coverage Ratio 2.96 3.00 1.52 1.6400

*Individual allotments may vary due to rounding.

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