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NZ Govt Bond Tender #747; Tender Date 19 Nov 2020

NZ Govt Bond Tender #747; Tender Date 19 Nov 2020

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 745 held on Nov 19, 2020.

Tender Date: Thursday, Nov 19, 2020.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Nov 24, 2020

 

(1) Nominal Bonds - Series Offered : 0.50% 15 May 2024

  Nov 19 - #747 Nov 05 - #745 Oct 22 - #744 Oct 8 - #742
Series Offered : 0.5% 15 May 2024        
Total Amount offered ($million) 250 250 250 250
Total Amount Allocated ($million) 250 250 250 250
Total Number of bids Received 30 26 34 39
Total Amount of bids Received ($million) 1320 1007 1052 1450
Total Number of Successful bids 9 12 13 9
Highest Yield Accepted (%) 0.2275 0.0150 0.0250 0.0150
Lowest Yield Accepted (%) 0.2175 0.0000 0.0125 0.0050
Highest Yield Rejected (%) 0.2650 0.0350 0.0525 0.0800
Lowest Yield Rejected (%) 0.2275 0.0150 0.0250 0.0150
Weighted Average Accepted Yield (%)

0.2228

0.0102 0.0195 0.0102
Weighted Average Rejected Yield (%) 0.2402 0.0260 0.0356 0.0349
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* 62.50 27.30 2.60 33.3
Coverage ratio 5.28 4.03 4.21 5.80

 

(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031

  Nov 019- #747 Nov 05 - #745 Oct 22 - #744 Oct 8 - #742
Series Offered : 1.50% 15 May 2031        
Total Amount Offered ($million) 250 250 250 250
Total Amount Allocated ($million) 250 250 250 250
Total Number of Bids Received 52 53 51 41
Total Amount of Bids Received ($million) 1047 932 818 560
Total Number of Successful Bids 10 14 19 17
Highest Yield Accepted (%) 0.8375 0.5225 0.5750 0.5400
Lowest Yield Accepted (%) 0.8300

0.5075

0.5575 0.5250
Highest Yield Rejected (%) 0.9500 0.5750 0.6300 0.6000
Lowest Yield Rejected (%) 0.8375 0.5225 0.5750 0.5400
Weighted Average Accepted Yield (%) 0.8360 0.5136 0.5675 0.5320
Weighted Average Rejected Yield (%) 0.8325 0.5408 0.5955 0.5605
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 90.30 93.30 35.30 28.60
Coverage ratio 4.18 3.72 3.27 2.24

 

(3) Series Offered : 1.75% 15 May 2041

  Nov 19 - #747 Nov 05 - #745 Oct 22 - #744 Oct 8 - #742
Series Offered : 1.75% 15 May 2041        
Total Amount Offered ($million) 100 100 100 100
Total Amount Allocated ($million) 100 100 100 100
Total Number of Bids Received 47 44 55 40
Total Amount of Bids Received ($million) 302 338 320 260
Total Number of Successful Bids 22 18 12 12
Highest Yield Accepted (%) 1.5950 1.2275 1.2550 1.1950
Lowest Yield Accepted (%) 1.5675 1.2175 1.2325 1.1775
Highest Yield Rejected (%) 1.6500 1.2800 1.3250 1.2500
Lowest Yield Rejected (%) 1.5950 1.2275 1.2550 1.1950
Weighted Average Accepted Yield (%) 1.5854 1.2220 1.2445 1.1840
Weighted Average Rejected Yield (%) 1.6192 1.2451 1.2838 1.2161
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 50.0 25.0 37.50 6.70
Coverage ratio 3.02 3.38 3.20 2.60

 

(4) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2035

  #747 #745 #744 #742
Series offered   : 2.50% - 20 Sep 2035 Nov 19, 2020 Nov 05, 2020 Oct 22, 2020 Oct 8, 2020
Total Amount Offered ($mln) 50 50 50 50
Total Amount Allocated ($mln) 50 50 50 50
Total Number of Bids Received 23 22 21 18
Total Amount of Bids Received ($mln) 97 69 111 95
Total Number of Successful Bids 13 19 8 18
Highest Yield Accepted (%) -0.0350 -0.2950 -0.4000 -0.3600
Lowest Yield Accepted (%) -0.1775 -0.3900 -0.4500 -0.4525
Highest Yield Rejected (%) 0.0450 -0.2800 -0.3000 -0.3600
Lowest Yield Rejected (%) -0.0350 -0.2950 -0.3900 -0.3600
Weighted Average Accepted Yield (%) -0.1058 -0.3300 -0.4147 -0.4206
Weighted Average Rejected Yield (%) 0.0071 -0.2871 -0.3273 -0.3600
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 80.0 20.0 100.0 10.0
Coverage Ratio 1.94 1.38 2.22 1.90

*Individual allotments may vary due to rounding.

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