Bonds
NZ Govt Bond Tender #743; Tender Date 15 Oct 2020
15th Oct 20, 2:11pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 743 held on Oct 1, 2020.
Tender Date: Thursday, Oct 15, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Oct 20, 2020
(1) Series Offered : 5.50% 15 Apr 2023
| Oct 15 - #743 | Oct 1 - #741 | Sep 17 - #738 | Sep 03 - #737 | |
| Series Offered : 5.50% 15 Apr 2023 | ||||
| Total Amount Offered ($million) | 250 | 250 | 450 | 450 |
| Total Amount Allocated ($million) | 250 | 250 | 450 | 450 |
| Total Number of Bids Received | 29 | 20 | 36 | 34 |
| Total Amount of Bids Received ($million) | 1027 | 687 | 1050 | 1065 |
| Total Number of Successful Bids | 7 | 8 | 18 | 16 |
| Highest Yield Accepted (%) | -0.0075 | -0.0100 | -0.0150 | 0.0850 |
| Lowest Yield Accepted (%) | -0.0125 | -0.0175 | -0.0325 | 0.0675 |
| Highest Yield Rejected (%) | 0.0400 | 0.0150 | 0.0100 | 0.1400 |
| Lowest Yield Rejected (%) | -0.0075 | -0.0100 | -0.0150 | 0.0850 |
| Weighted Average Accepted Yield (%) | -0.0109 | -0.0142 | -0.0213 | 0.0779 |
| Weighted Average Rejected Yield (%) | 0.0061 | 0.0009 | -0.0087 | 0.1007 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 40.00 | 19.20 | 71.40 | 32.80 |
| Coverage ratio | 4.11 | 2.75 | 2.33 | 2.37 |
(2) Series Offered : 3.00% 20 Apr 2029
| Oct 15 - #743 | Oct 01 - #741 | Sep 17 - #738 | Sep 03 - #737 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 250 | 250 | 350 | 350 |
| Total Amount Allocated ($million) | 250 | 250 | 350 | 350 |
| Total Number of Bids Received | 44 | 60 | 72 | 62 |
| Total Amount of Bids Received ($million) | 772 | 1156 | 1066 | 1048 |
| Total Number of Successful Bids | 14 | 25 | 23 | 24 |
| Highest Yield Accepted (%) | 0.4025 | 0.3925 | 0.4200 | 0.4925 |
| Lowest Yield Accepted (%) | 0.3900 | 0.3725 | 0.4050 | 0.4700 |
| Highest Yield Rejected (%) | 0.4575 | 0.4650 | 0.4925 | 0.5500 |
| Lowest Yield Rejected (%) | 0.4025 | 0.3925 | 0.4200 | 0.4925 |
| Weighted Average Accepted Yield (%) | 0.3966 | 0.3843 | 0.4128 | 0.4848 |
| Weighted Average Rejected Yield (%) | 0.4178 | 0.4112 | 0.4432 | 0.5103 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 13.00 | 17.50 | 96.20 | 57.00 |
| Coverage ratio | 3.09 | 4.62 | 3.05 | 2.99 |
(3) Series Offered : 3.50% 14 Apr 2033
| Oct 15 - #743 | Oct 1 - #741 | Sep 17 - #738 | Sep 03 - #737 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 100 | 100 | 150 | 150 |
| Total Amount Allocated ($million) | 100 | 100 | 150 | 150 |
| Total Number of Bids Received | 67 | 36 | 44 | 31 |
| Total Amount of Bids Received ($million) | 636 | 387 | 734 | 258 |
| Total Number of Successful Bids | 5 | 12 | 12 | 24 |
| Highest Yield Accepted (%) | 0.6875 | 0.6850 | 0.7725 | 0.8500 |
| Lowest Yield Accepted (%) | 0.6850 | 0.6700 | 0.7625 | 0.7850 |
| Highest Yield Rejected (%) | 0.7675 | 0.7475 | 0.8250 | 0.8900 |
| Lowest Yield Rejected (%) | 0.6875 | 0.6850 | 0.7725 | 0.8500 |
| Weighted Average Accepted Yield (%) | 0.6865 | 0.6786 | 0.7658 | 0.8172 |
| Weighted Average Rejected Yield (%) | 0.7087 | 0.7047 | 0.7896 | 0.8683 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 48.00 | 33.30 | 20.00 | 20.00 |
| Coverage ratio | 6.36 | 3.87 | 4.89 | 1.72 |
*Individual allotments may vary due to rounding.
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