NZ Govt Bond Tender #743; Tender Date 15 Oct 2020

NZ Govt Bond Tender #743; Tender Date 15 Oct 2020

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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