Bonds
NZ Govt Bond Tender #736; Tender Date 21 Aug 2020
21st Aug 20, 2:54pm
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 21, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Aug 26, 2020
(1) Series Offered : 2.75% 15 Apr 2023
| Aug 21 - #736 | Aug 06 - #734 | Jul 09 - #731 | Jun 25 - #729 | |
| Series Offered | 5.50% 15 Apr 2023 | 5.50% 15 Apr 2023 | 5.50% 15 Apr 2023 | 5.50% 15 Apr 2023 |
| Total Amount Offered ($million) | 450 | 450 | 450 | 500 |
| Total Amount Allocated ($million) | 450 | 450 | 450 | 500 |
| Total Number of Bids Received | 27 | 38 | 29 | 44 |
| Total Amount of Bids Received ($million) | 950 | 1642 | 855 | 1635 |
| Total Number of Successful Bids | 12 | 7 | 21 | 4 |
| Highest Yield Accepted (%) | 0.0600 | 03225 | 0.3400 | 0.3275 |
| Lowest Yield Accepted (%) | 0.0525 | 0.3175 | 0.3150 | 0.3200 |
| Highest Yield Rejected (%) | 0.0725 | 0.3600 | 0.3525 | 0.3750 |
| Lowest Yield Rejected (%) | 0.0600 | 0.3225 | 0.3400 | 0.3275 |
| Weighted Average Accepted Yield (%) | 0.0582 | 0.3215 | 0.3288 | 0.3270 |
| Weighted Average Rejected Yield (%) | 0.0667 | 0.3321 | 0.3461 | 0.3444 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 88.40 | 56.90 | 27.80 | 88.20 |
| Coverage ratio | 2.11 | 3.65 | 1.90 | 3.27 |
(2) Series Offered : 3.00% 20 Apr 2029
| Aug 21 - #736 | Aug 06 - #734 | Jul 09 - #731 | Jun 25 - #729 | |
| Series Offered | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 |
| Total Amount Offered ($million) | 350 | 350 | 350 | 350 |
| Total Amount Allocated ($million) | 350 | 350 | 350 | 350 |
| Total Number of Bids Received | 78 | 66 | 48 | 62 |
| Total Amount of Bids Received ($million) | 885 | 1029 | 953 | 610 |
| Total Number of Successful Bids | 32 | 24 | 20 | 37 |
| Highest Yield Accepted (%) | 0.4850 | 0.6675 | 0.8475 | 0.8400 |
| Lowest Yield Accepted (%) | 0.4650 | 0.6550 | 0.8300 | 0.8075 |
| Highest Yield Rejected (%) | 0.5500 | 0.7800 | 0.8900 | 0.9350 |
| Lowest Yield Rejected (%) | 0.4850 | 0.6675 | 0.8475 | 0.8400 |
| Weighted Average Accepted Yield (%) | 0.4796 | 0.6627 | 0.8397 | 0.8233 |
| Weighted Average Rejected Yield (%) | 0.5044 | 0.6950 | 0.8588 | 0.8744 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 84.80 | 60.00 | 7.50 | 62.50 |
| Coverage ratio | 2.53 | 2.94 | 2.72 | 1.74 |
(3) Series Offered : 3.50% 14 Apr 2033
| Aug 21 - #736 | Aug 6 - #734 | Jul 9 - #731 | Jun 4 - #727 | |
| Series Offered | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 |
| Total Amount Offered ($million) | 150 | 150 | 150 | 200 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 200 |
| Total Number of Bids Received | 59 | 52 | 44 | 53 |
| Total Amount of Bids Received ($million) | 414 | 472 | 379 | 467 |
| Total Number of Successful Bids | 27 | 19 | 18 | 24 |
| Highest Yield Accepted (%) | 0.7550 | 0.8950 | 1.1000 | 1.0450 |
| Lowest Yield Accepted (%) | 0.7300 | 0.8800 | 1.0725 | 1.0200 |
| Highest Yield Rejected (%) | 0.8050 | 1.0200 | 1.2400 | 1.1600 |
| Lowest Yield Rejected (%) | 0.7550 | 0.8950 | 1.1000 | 1.0450 |
| Weighted Average Accepted Yield (%) | 0.7463 | 0.8886 | 1.0924 | 1.0369 |
| Weighted Average Rejected Yield (%) | 0.7742 | 0.9302 | 1.1456 | 1.0673 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 84.80 | 42.90 | 72.70 | 46.90 |
| Coverage ratio | 2.76 | 3.15 | 2.53 | 2.33 |
*Individual allotments may vary due to rounding.
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