Bonds
NZ Govt Bond Tender #744; Tender Date 22 Oct 2020
22nd Oct 20, 2:58pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 744 held on Oct 22, 2020.
Tender Date: Thursday, Oct 22, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Oct 28, 2020
(1) Nominal Bonds - Series Offered : 0.50% 15 May 2024
| Oct 22 - #744 | Oct 8 - #742 | Sep 10 - #738 | |
| Series Offered : 0.5% 15 May 2024 | |||
| Total Amount offered ($million) | 250 | 250 | 450 |
| Total Amount Allocated ($million) | 250 | 250 | 450 |
| Total Number of bids Received | 34 | 39 | 45 |
| Total Amount of bids Received ($million) | 1052 | 1450 | 1505 |
| Total Number of Successful bids | 13 | 9 | 11 |
| Highest Yield Accepted (%) | 0.0250 | 0.0150 | 0.0850 |
| Lowest Yield Accepted (%) | 0.0125 | 0.0050 | 0.0725 |
| Highest Yield Rejected (%) | 0.0525 | 0.0800 | 0.1200 |
| Lowest Yield Rejected (%) | 0.0250 | 0.0150 | 0.0850 |
| Weighted Average Accepted Yield (%) | 0.0195 | 0.0102 | 0.0825 |
| Weighted Average Rejected Yield (%) | 0.0356 | 0.0349 | 0.0959 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 2.60 | 33.3 | 42.90 |
| Coverage ratio | 4.21 | 5.80 | 3.34 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Oct 22 - #744 | Oct 8 - #742 | Sep 10 - #738 | Aug 13 - #735 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 250 | 250 | 350 | 350 |
| Total Amount Allocated ($million) | 250 | 250 | 350 | 350 |
| Total Number of Bids Received | 51 | 41 | 55 | 51 |
| Total Amount of Bids Received ($million) | 818 | 560 | 698 | 944 |
| Total Number of Successful Bids | 19 | 17 | 26 | 14 |
| Highest Yield Accepted (%) | 0.5750 | 0.5400 | 0.6350 | 0.6925 |
| Lowest Yield Accepted (%) | 0.5575 | 0.5250 | 0.6200 | 0.6750 |
| Highest Yield Rejected (%) | 0.6300 | 0.6000 | 0.6875 | 0.7150 |
| Lowest Yield Rejected (%) | 0.5750 | 0.5400 | 0.6350 | 0.6925 |
| Weighted Average Accepted Yield (%) | 0.5675 | 0.5320 | 0.6262 | 0.6874 |
| Weighted Average Rejected Yield (%) | 0.5955 | 0.5605 | 0.6475 | 0.7028 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 35.30 | 28.60 | 10.50 | 20.00 |
| Coverage ratio | 3.27 | 2.24 | 1.99 | 2.69 |
(3) Series Offered : 1.75% 15 May 2041
| Oct 22 - #744 | Oct 8 - #742 | |
| Series Offered : 1.75% 15 May 2041 | ||
| Total Amount Offered ($million) | 100 | 100 |
| Total Amount Allocated ($million) | 100 | 100 |
| Total Number of Bids Received | 55 | 40 |
| Total Amount of Bids Received ($million) | 320 | 260 |
| Total Number of Successful Bids | 12 | 12 |
| Highest Yield Accepted (%) | 1.2550 | 1.1950 |
| Lowest Yield Accepted (%) | 1.2325 | 1.1775 |
| Highest Yield Rejected (%) | 1.3250 | 1.2500 |
| Lowest Yield Rejected (%) | 1.2550 | 1.1950 |
| Weighted Average Accepted Yield (%) | 1.2445 | 1.1840 |
| Weighted Average Rejected Yield (%) | 1.2838 | 1.2161 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 37.50 | 6.70 |
| Coverage ratio | 3.20 | 2.60 |
(4) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2035
| #744 | #742 | |
| Series offered : 2.50% - 20 Sep 2035 | Oct 22, 2020 | Oct 8, 2020 |
| Total Amount Offered ($mln) | 50 | 50 |
| Total Amount Allocated ($mln) | 50 | 50 |
| Total Number of Bids Received | 21 | 18 |
| Total Amount of Bids Received ($mln) | 111 | 95 |
| Total Number of Successful Bids | 8 | 18 |
| Highest Yield Accepted (%) | -0.4000 | -0.3600 |
| Lowest Yield Accepted (%) | -0.4500 | -0.4525 |
| Highest Yield Rejected (%) | -0.3000 | -0.3600 |
| Lowest Yield Rejected (%) | -0.3900 | -0.3600 |
| Weighted Average Accepted Yield (%) | -0.4147 | -0.4206 |
| Weighted Average Rejected Yield (%) | -0.3273 | -0.3600 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.0 | 10.0 |
| Coverage Ratio | 2.22 | 1.90 |
*Individual allotments may vary due to rounding.
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