Bonds
NZ Govt Bond Tender #746; Tender Date 12 Nov 2020
12th Nov 20, 2:10pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 746 held on Nov 12, 2020.
Tender Date: Thursday, Nov 12, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Nov 17, 2020
(1) Series Offered : 5.50% 15 Apr 2023
| Nov 12 - #746 | Oct 15 - #743 | Oct 1 - #741 | Sep 17 - #738 | |
| Series Offered : 5.50% 15 Apr 2023 | ||||
| Total Amount Offered ($million) | 250 | 250 | 250 | 450 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 450 |
| Total Number of Bids Received | 22 | 29 | 20 | 36 |
| Total Amount of Bids Received ($million) | 922 | 1027 | 687 | 1050 |
| Total Number of Successful Bids | 2 | 7 | 8 | 18 |
| Highest Yield Accepted (%) | 0.2250 | -0.0075 | -0.0100 | -0.0150 |
| Lowest Yield Accepted (%) | 0.2225 | -0.0125 | -0.0175 | -0.0325 |
| Highest Yield Rejected (%) | 0.2800 | 0.0400 | 0.0150 | 0.0100 |
| Lowest Yield Rejected (%) | 0.2250 | -0.0075 | -0.0100 | -0.0150 |
| Weighted Average Accepted Yield (%) | 0.2235 | -0.0109 | -0.0142 | -0.0213 |
| Weighted Average Rejected Yield (%) | 0.2443 | 0.0061 | 0.0009 | -0.0087 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 61.70 | 40.00 | 19.20 | 71.40 |
| Coverage ratio | 3.68 | 4.11 | 2.75 | 2.33 |
(2) Series Offered : 3.00% 20 Apr 2029
| Nov 12 - #746 | Oct 15 - #743 | Oct 01 - #741 | Sep 17 - #738 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 250 | 250 | 250 | 350 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 350 |
| Total Number of Bids Received | 35 | 44 | 60 | 72 |
| Total Amount of Bids Received ($million) | 728 | 772 | 1156 | 1066 |
| Total Number of Successful Bids | 8 | 14 | 25 | 23 |
| Highest Yield Accepted (%) | 0.7450 | 0.4025 | 0.3925 | 0.4200 |
| Lowest Yield Accepted (%) | 0.7325 | 0.3900 | 0.3725 | 0.4050 |
| Highest Yield Rejected (%) | 0.8300 | 0.4575 | 0.4650 | 0.4925 |
| Lowest Yield Rejected (%) | 0.7450 | 0.4025 | 0.3925 | 0.4200 |
| Weighted Average Accepted Yield (%) | 0.7379 | 0.3966 | 0.3843 | 0.4128 |
| Weighted Average Rejected Yield (%) | 0.7702 | 0.4178 | 0.4112 | 0.4432 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 68.20 | 13.00 | 17.50 | 96.20 |
| Coverage ratio | 2.91 | 3.09 | 4.62 | 3.05 |
(3) Series Offered : 3.50% 14 Apr 2033
| Nov 11 - #746 | Oct 15 - #743 | Oct 1 - #741 | Sep 17 - #738 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 100 | 100 | 100 | 150 |
| Total Amount Allocated ($million) | 100 | 100 | 100 | 150 |
| Total Number of Bids Received | 33 | 67 | 36 | 44 |
| Total Amount of Bids Received ($million) | 328 | 636 | 387 | 734 |
| Total Number of Successful Bids | 13 | 5 | 12 | 12 |
| Highest Yield Accepted (%) | 1.0700 | 0.6875 | 0.6850 | 0.7725 |
| Lowest Yield Accepted (%) | 1.0500 | 0.6850 | 0.6700 | 0.7625 |
| Highest Yield Rejected (%) | 1.1200 | 0.7675 | 0.7475 | 0.8250 |
| Lowest Yield Rejected (%) | 1.0700 | 0.6875 | 0.6850 | 0.7725 |
| Weighted Average Accepted Yield (%) | 1.0596 | 0.6865 | 0.6786 | 0.7658 |
| Weighted Average Rejected Yield (%) | 1.0800 | 0.7087 | 0.7047 | 0.7896 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 8.60 | 48.00 | 33.30 | 20.00 |
| Coverage ratio | 3.28 | 6.36 | 3.87 | 4.89 |
*Individual allotments may vary due to rounding.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.