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NZ Govt Bond Tender #738; Tender Date 10 Sep 2020

NZ Govt Bond Tender #738; Tender Date 10 Sep 2020

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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