Bonds
NZ Govt Bond Tender #737; Tender Date 3 Sep 2020
3rd Sep 20, 2:16pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 737 held on Sep 03, 2020.
Tender Date: Thursday, Sep 03, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Sep 8, 2020
(1) Series Offered : 2.75% 15 Apr 2023
| Sep 03 - #737 | Aug 21 - #736 | Aug 06 - #734 | Jul 09 - #731 | |
| 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 ($million) | 450 | 450 | 450 | 450 |
| Total Amount Allocated ($million) | 450 | 450 | 450 | 450 |
| Total Number of Bids Received | 34 | 27 | 38 | 29 |
| Total Amount of Bids Received ($million) | 1065 | 950 | 1642 | 855 |
| Total Number of Successful Bids | 16 | 12 | 7 | 21 |
| Highest Yield Accepted (%) | 0.0850 | 0.0600 | 03225 | 0.3400 |
| Lowest Yield Accepted (%) | 0.0675 | 0.0525 | 0.3175 | 0.3150 |
| Highest Yield Rejected (%) | 0.1400 | 0.0725 | 0.3600 | 0.3525 |
| Lowest Yield Rejected (%) | 0.0850 | 0.0600 | 0.3225 | 0.3400 |
| Weighted Average Accepted Yield (%) | 0.0779 | 0.0582 | 0.3215 | 0.3288 |
| Weighted Average Rejected Yield (%) | 0.1007 | 0.0667 | 0.3321 | 0.3461 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 32.80 | 88.40 | 56.90 | 27.80 |
| Coverage ratio | 2.37 | 2.11 | 3.65 | 1.90 |
(2) Series Offered : 3.00% 20 Apr 2029
| Sep 03 - #737 | Aug 21 - #736 | Aug 06 - #734 | Jul 09 - #731 | |
| Series Offered | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 |
| Total Amount Offered ($million) | 350 | 350 | 350 | 350 |
| Total Amount Allocated ($million) | 350 | 350 | 350 | 350 |
| Total Number of Bids Received | 62 | 78 | 66 | 48 |
| Total Amount of Bids Received ($million) | 1048 | 885 | 1029 | 953 |
| Total Number of Successful Bids | 24 | 32 | 24 | 20 |
| Highest Yield Accepted (%) | 0.4925 | 0.4850 | 0.6675 | 0.8475 |
| Lowest Yield Accepted (%) | 0.4700 | 0.4650 | 0.6550 | 0.8300 |
| Highest Yield Rejected (%) | 0.5500 | 0.5500 | 0.7800 | 0.8900 |
| Lowest Yield Rejected (%) | 0.4925 | 0.4850 | 0.6675 | 0.8475 |
| Weighted Average Accepted Yield (%) | 0.4848 | 0.4796 | 0.6627 | 0.8397 |
| Weighted Average Rejected Yield (%) | 0.5103 | 0.5044 | 0.6950 | 0.8588 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 57.00 | 84.80 | 60.00 | 7.50 |
| Coverage ratio | 2.99 | 2.53 | 2.94 | 2.72 |
(3) Series Offered : 3.50% 14 Apr 2033
| Sep 03 - #737 | Aug 21 - #736 | Aug 6 - #734 | Jul 9 - #731 | |
| 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 ($million) | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 31 | 59 | 52 | 44 |
| Total Amount of Bids Received ($million) | 258 | 414 | 472 | 379 |
| Total Number of Successful Bids | 24 | 27 | 19 | 18 |
| Highest Yield Accepted (%) | 0.8500 | 0.7550 | 0.8950 | 1.1000 |
| Lowest Yield Accepted (%) | 0.7850 | 0.7300 | 0.8800 | 1.0725 |
| Highest Yield Rejected (%) | 0.8900 | 0.8050 | 1.0200 | 1.2400 |
| Lowest Yield Rejected (%) | 0.8500 | 0.7550 | 0.8950 | 1.1000 |
| Weighted Average Accepted Yield (%) | 0.8172 | 0.7463 | 0.8886 | 1.0924 |
| Weighted Average Rejected Yield (%) | 0.8683 | 0.7742 | 0.9302 | 1.1456 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 20.00 | 84.80 | 42.90 | 72.70 |
| Coverage ratio | 1.72 | 2.76 | 3.15 | 2.53 |
*Individual allotments may vary due to rounding.
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