NZ Govt Bond Tender #741; Tender Date 1 Oct 2020

NZ Govt Bond Tender #741; Tender Date 1 Oct 2020

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 741 held on Oct 1, 2020.

Tender Date: Thursday, Oct 1, 2020.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Oct 06, 2020

 

(1) Series Offered : 5.50% 15 Apr 2023

  Oct 1 - #741 Sep 17 - #738 Sep 03 - #737 Aug 21 - #736
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 ($million) 250 450 450 450
Total Amount Allocated ($million) 250 450 450 450
Total Number of Bids Received 20 36 34 27
Total Amount of Bids Received ($million) 687 1050 1065 950
Total Number of Successful Bids 8 18 16 12
Highest Yield Accepted (%) -0.0100 -0.0150 0.0850 0.0600
Lowest Yield Accepted (%) -0.0175 -0.0325 0.0675 0.0525
Highest Yield Rejected (%) 0.0150 0.0100 0.1400 0.0725
Lowest Yield Rejected (%) -0.0100 -0.0150 0.0850 0.0600
Weighted Average Accepted Yield (%) -0.0142 -0.0213 0.0779 0.0582
Weighted Average Rejected Yield (%) 0.0009 -0.0087 0.1007 0.0667
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 19.20 71.40 32.80 88.40
Coverage ratio 2.75 2.33 2.37 2.11

 

(2) Series Offered : 3.00% 20 Apr 2029

  Oct 01 - #741 Sep 17 - #738 Sep 03 - #737 Aug 21 - #736
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 ($million) 250 350 350 350
Total Amount Allocated ($million) 250 350 350 350
Total Number of Bids Received 60 72 62 78
Total Amount of Bids Received ($million) 1156 1066 1048 885
Total Number of Successful Bids 25 23 24 32
Highest Yield Accepted (%) 0.3925 0.4200 0.4925 0.4850
Lowest Yield Accepted (%) 0.3725 0.4050 0.4700 0.4650
Highest Yield Rejected (%) 0.4650 0.4925 0.5500 0.5500
Lowest Yield Rejected (%) 0.3925 0.4200 0.4925 0.4850
Weighted Average Accepted Yield (%) 0.3843 0.4128 0.4848 0.4796
Weighted Average Rejected Yield (%) 0.4112 0.4432 0.5103 0.5044
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 17.50 96.20 57.00 84.80
Coverage ratio 4.62 3.05 2.99 2.53

 

(3) Series Offered : 3.50% 14 Apr 2033

  Oct 1 - #741 Sep 17 - #738 Sep 03 - #737 Aug 21 - #736
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 ($million) 100 150 150 150
Total Amount Allocated ($million) 100 150 150 150
Total Number of Bids Received 36 44 31 59
Total Amount of Bids Received ($million) 387 734 258 414
Total Number of Successful Bids 12 12 24 27
Highest Yield Accepted (%) 0.6850 0.7725 0.8500 0.7550
Lowest Yield Accepted (%) 0.6700 0.7625 0.7850 0.7300
Highest Yield Rejected (%) 0.7475 0.8250 0.8900 0.8050
Lowest Yield Rejected (%) 0.6850 0.7725 0.8500 0.7550
Weighted Average Accepted Yield (%) 0.6786 0.7658 0.8172 0.7463
Weighted Average Rejected Yield (%) 0.7047 0.7896 0.8683 0.7742
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 33.30 20.00 20.00 84.80
Coverage ratio 3.87 4.89 1.72 2.76

*Individual allotments may vary due to rounding.

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