Bonds
NZ Govt Bond Tender #742; Tender Date 8 Oct 2020
8th Oct 20, 2:18pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 742 held on Oct 8, 2020.
Tender Date: Thursday, Oct 8, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Oct 13, 2020
(1) Nominal Bonds - Series Offered : 0.50% 15 May 2025
| Oct 8 - #742 | Sep 10 - #738 | |
| Series Offered : 0.5% 15 May 2024 | ||
| Total Amount offered ($million) | 250 | 450 |
| Total Amount Allocated ($million) | 250 | 450 |
| Total Number of bids Received | 39 | 45 |
| Total Amount of bids Received ($million) | 1450 | 1505 |
| Total Number of Successful bids | 9 | 11 |
| Highest Yield Accepted (%) | 0.0150 | 0.0850 |
| Lowest Yield Accepted (%) | 0.0050 | 0.0725 |
| Highest Yield Rejected (%) | 0.0800 | 0.1200 |
| Lowest Yield Rejected (%) | 0.0150 | 0.0850 |
| Weighted Average Accepted Yield (%) | 0.0102 | 0.0825 |
| Weighted Average Rejected Yield (%) | 0.0349 | 0.0959 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 33.3 | 42.90 |
| Coverage ratio | 5.80 | 3.34 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Oct 8 - #742 | Sep 10 - #738 | Aug 13 - #735 | Jul 30 - #733 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 250 | 350 | 350 | 350 |
| Total Amount Allocated ($million) | 250 | 350 | 350 | 350 |
| Total Number of Bids Received | 41 | 55 | 51 | 60 |
| Total Amount of Bids Received ($million) | 560 | 698 | 944 | 993 |
| Total Number of Successful Bids | 17 | 26 | 14 | 27 |
| Highest Yield Accepted (%) | 0.5400 | 0.6350 | 0.6925 | 0.8150 |
| Lowest Yield Accepted (%) | 0.5250 | 0.6200 | 0.6750 | 0.7975 |
| Highest Yield Rejected (%) | 0.6000 | 0.6875 | 0.7150 | 0.8825 |
| Lowest Yield Rejected (%) | 0.5400 | 0.6350 | 0.6925 | 0.8150 |
| Weighted Average Accepted Yield (%) | 0.5320 | 0.6262 | 0.6874 | 0.8086 |
| Weighted Average Rejected Yield (%) | 0.5605 | 0.6475 | 0.7028 | 0.8272 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 28.60 | 10.50 | 20.00 | 3.70 |
| Coverage ratio | 2.24 | 1.99 | 2.69 | 2.84 |
(3) Series Offered : 1.75% 15 May 2041
| Oct 8 - #742 | |
| Series Offered : 1.75% 15 May 2041 | |
| Total Amount Offered ($million) | 100 |
| Total Amount Allocated ($million) | 100 |
| Total Number of Bids Received | 40 |
| Total Amount of Bids Received ($million) | 260 |
| Total Number of Successful Bids | 12 |
| Highest Yield Accepted (%) | 1.1950 |
| Lowest Yield Accepted (%) | 1.1775 |
| Highest Yield Rejected (%) | 1.2500 |
| Lowest Yield Rejected (%) | 1.1950 |
| Weighted Average Accepted Yield (%) | 1.1840 |
| Weighted Average Rejected Yield (%) | 1.2161 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 6.70 |
| Coverage ratio | 2.60 |
(4) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2035
| #742 | |
| Series offered : 2.50% - 20 Sep 2035 | Oct 8, 2020 |
| Total Amount Offered ($mln) | 50 |
| Total Amount Allocated ($mln) | 50 |
| Total Number of Bids Received | 18 |
| Total Amount of Bids Received ($mln) | 95 |
| Total Number of Successful Bids | 18 |
| Highest Yield Accepted (%) | -0.3600 |
| Lowest Yield Accepted (%) | -0.4525 |
| Highest Yield Rejected (%) | -0.3600 |
| Lowest Yield Rejected (%) | -0.3600 |
| Weighted Average Accepted Yield (%) | -0.4206 |
| Weighted Average Rejected Yield (%) | -0.3600 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 10.0 |
| Coverage Ratio | 1.90 |
*Individual allotments may vary due to rounding.
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