Bonds
NZ Govt Bond Tender #735; Tender Date 13 Aug 2020
13th Aug 20, 2:18pm
by
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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