Bonds
NZ Govt Bond Tender #741; Tender Date 1 Oct 2020
1st Oct 20, 2:14pm
by
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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