Bonds
NZ Govt Bond Tender #738; Tender Date 10 Sep 2020
10th Sep 20, 2:14pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 738 held on Sep 10, 2020.
Tender Date: Thursday, Sep 10, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, sep 15, 2020
(1) Nominal Bonds - Series Offered : 2.75% 15 Apr 2025
| Sep 10 - #738 | |
| Series Offered | 0.5% 15 April 2024 |
| Total Amount offered ($million) | 450 |
| Total Amount Allocated ($million) | 450 |
| Total Number of bids Received | 45 |
| Total Amount of bids Received ($million) | 1505 |
| Total Number of Successful bids | 11 |
| Highest Yield Accepted (%) | 0.0850 |
| Lowest Yield Accepted (%) | 0.0725 |
| Highest Yield Rejected (%) | 0.1200 |
| Lowest Yield Rejected (%) | 0.0850 |
| Weighted Average Accepted Yield (%) | 0.0825 |
| Weighted Average Rejected Yield (%) | 0.0959 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 42.90 |
| Coverage ratio | 3.34 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Sep 10 - #738 | Aug 13 - #735 | Jul 30 - #733 | Jul 02 - #730 | |
| Series Offered | 1.50% 15 May 2031 | 1.50% 15 May 2031 | 1.50% 15 May 2031 | 1.50% 15 May 2031 |
| Total Amount Offered ($million) | 350 | 350 | 350 | 350 |
| Total Amount Allocated ($million) | 350 | 350 | 350 | 350 |
| Total Number of Bids Received | 55 | 51 | 60 | 68 |
| Total Amount of Bids Received ($million) | 698 | 944 | 993 | 885 |
| Total Number of Successful Bids | 26 | 14 | 27 | 19 |
| Highest Yield Accepted (%) | 0.6350 | 0.6925 | 0.8150 | 0.9875 |
| Lowest Yield Accepted (%) | 0.6200 | 0.6750 | 0.7975 | 0.9775 |
| Highest Yield Rejected (%) | 0.6875 | 0.7150 | 0.8825 | 1.0700 |
| Lowest Yield Rejected (%) | 0.6350 | 0.6925 | 0.8150 | 0.9900 |
| Weighted Average Accepted Yield (%) | 0.6262 | 0.6874 | 0.8086 | 0.9840 |
| Weighted Average Rejected Yield (%) | 0.6475 | 0.7028 | 0.8272 | 1.0135 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 10.50 | 20.00 | 3.70 | 100.00 |
| Coverage ratio | 1.99 | 2.69 | 2.84 | 2.53 |
(3) Series Offered : 2.75% 15 Apr 2037
| Sep 10 - #735 | Aug 13 - #735 | Jun 25 - #729 | Jun 11 - #728 | |
| 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 ($million) | 150 | 150 | 200 | 200 |
| Total Amount Allocated ($million) | 150 | 150 | 200 | 200 |
| Total Number of Bids Received | 33 | 39 | 47 | 62 |
| Total Amount of Bids Received ($million) | 228 | 410 | 465 | 490 |
| Total Number of Successful Bids | 17 | 9 | 17 | 27 |
| Highest Yield Accepted (%) | 1.1275 | 1.0400 | 1.2675 | 1.1250 |
| Lowest Yield Accepted (%) | 1.0875 | 1.0325 | 1.2500 | 1.0950 |
| Highest Yield Rejected (%) | 1.1700 | 1.1250 | 1.4400 | 1.1925 |
| Lowest Yield Rejected (%) | 1.1300 | 1.0400 | 1.2675 | 1.1250 |
| Weighted Average Accepted Yield (%) | 1.1018 | 1.0341 | 1.2546 | 1.1152 |
| Weighted Average Rejected Yield (%) | 1.1468 | 1.0610 | 1.3078 | 1.1465 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 66.70 | 14.30 | 88.40 |
| Coverage ratio | 1.52 | 2.73 | 2.32 | 2.45 |
(4) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2040
| 2.50% - 20 September 2040 | #738 | #735 | #733 | #730 |
| Series offered | Sep 10, 2020 | Aug 13, 2020 | Jul 30, 2020 | Jul 2, 2020 |
| Total Amount Offered ($mln) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($mln) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 27 | 31 | 34 | 20 |
| Total Amount of Bids Received ($mln) | 72 | 148 | 150 | 76 |
| Total Number of Successful Bids | 22 | 9 | 4 | 15 |
| Highest Yield Accepted (%) | -0.0750 | 0.0675 | 0.3475 | 0.5000 |
| Lowest Yield Accepted (%) | -0.1650 | 0.0400 | 0.3400 | 0.4300 |
| Highest Yield Rejected (%) | -0.0550 | 0.1500 | 0.4600 | 0.5475 |
| Lowest Yield Rejected (%) | -0.0725 | 0.0675 | 0.3475 | 0.5000 |
| Weighted Average Accepted Yield (%) | -0.1032 | 0.0543 | 0.3471 | 0.4754 |
| Weighted Average Rejected Yield (%) | -0.0634 | 0.1061 | 0.3834 | 0.5148 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 40.00 | 88.50 | 80.00 |
| Coverage Ratio | 1.44 | 2.96 | 3.00 | 1.52 |
*Individual allotments may vary due to rounding.
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