NZ Govt Bond Tender #738; Tender Date 17 Sep 2020

NZ Govt Bond Tender #738; Tender Date 17 Sep 2020

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 738 held on Sep 17, 2020.

Tender Date: Thursday, Sep 17, 2020.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Sep 22, 2020

 

(1) Series Offered : 2.75% 15 Apr 2023

  Sep 17 - #738 Sep 03 - #737 Aug 21 - #736 Aug 06 - #734
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 36 34 27 38
Total Amount of Bids Received ($million) 1050 1065 950 1642
Total Number of Successful Bids 18 16 12 7
Highest Yield Accepted (%) -0.0150 0.0850 0.0600 03225
Lowest Yield Accepted (%) -0.0325 0.0675 0.0525 0.3175
Highest Yield Rejected (%) 0.0100 0.1400 0.0725 0.3600
Lowest Yield Rejected (%) -0.0150 0.0850 0.0600 0.3225
Weighted Average Accepted Yield (%) -0.0213 0.0779 0.0582 0.3215
Weighted Average Rejected Yield (%) -0.0087 0.1007 0.0667 0.3321
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 71.40 32.80 88.40 56.90
Coverage ratio 2.33 2.37 2.11 3.65

 

(2) Series Offered : 3.00% 20 Apr 2029

  Sep 17 - #738 Sep 03 - #737 Aug 21 - #736 Aug 06 - #734
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 72 62 78 66
Total Amount of Bids Received ($million) 1066 1048 885 1029
Total Number of Successful Bids 23 24 32 24
Highest Yield Accepted (%) 0.4200 0.4925 0.4850 0.6675
Lowest Yield Accepted (%) 0.4050 0.4700 0.4650 0.6550
Highest Yield Rejected (%) 0.4925 0.5500 0.5500 0.7800
Lowest Yield Rejected (%) 0.4200 0.4925 0.4850 0.6675
Weighted Average Accepted Yield (%) 0.4128 0.4848 0.4796 0.6627
Weighted Average Rejected Yield (%) 0.4432 0.5103 0.5044 0.6950
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 96.20 57.00 84.80 60.00
Coverage ratio 3.05 2.99 2.53 2.94

 

(3) Series Offered : 3.50% 14 Apr 2033

  Sep 17 - #738 Sep 03 - #737 Aug 21 - #736 Aug 6 - #734
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 44 31 59 52
Total Amount of Bids Received ($million) 734 258 414 472
Total Number of Successful Bids 12 24 27 19
Highest Yield Accepted (%) 0.7725 0.8500 0.7550 0.8950
Lowest Yield Accepted (%) 0.7625 0.7850 0.7300 0.8800
Highest Yield Rejected (%) 0.8250 0.8900 0.8050 1.0200
Lowest Yield Rejected (%) 0.7725 0.8500 0.7550 0.8950
Weighted Average Accepted Yield (%) 0.7658 0.8172 0.7463 0.8886
Weighted Average Rejected Yield (%) 0.7896 0.8683 0.7742 0.9302
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 20.00 20.00 84.80 42.90
Coverage ratio 4.89 1.72 2.76 3.15

*Individual allotments may vary due to rounding.

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