NZ Govt Bond Tender #742; Tender Date 8 Oct 2020

NZ Govt Bond Tender #742; Tender Date 8 Oct 2020

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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