Bonds
NZ Govt Bond Tender #748; Tender Date 26 Nov 2020
26th Nov 20, 2:31pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 748 held on Nov 26, 2020.
Tender Date: Thursday, Nov 26, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Dec 1, 2020
(1) Series Offered : 5.50% 15 Apr 2023
| Nov 26 - #748 | Nov 12 - #746 | Oct 15 - #743 | Oct 1 - #741 | |
| Series Offered : 5.50% 15 Apr 2023 | ||||
| Total Amount Offered ($million) | 250 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 250 |
| Total Number of Bids Received | 22 | 22 | 29 | 20 |
| Total Amount of Bids Received ($million) | 987 | 922 | 1027 | 687 |
| Total Number of Successful Bids | 6 | 2 | 7 | 8 |
| Highest Yield Accepted (%) | 0.2225 | 0.2250 | -0.0075 | -0.0100 |
| Lowest Yield Accepted (%) | 0.2150 | 0.2225 | -0.0125 | -0.0175 |
| Highest Yield Rejected (%) | 0.2500 | 0.2800 | 0.0400 | 0.0150 |
| Lowest Yield Rejected (%) | 0.2225 | 0.2250 | -0.0075 | -0.0100 |
| Weighted Average Accepted Yield (%) | 0.2159 | 0.2235 | -0.0109 | -0.0142 |
| Weighted Average Rejected Yield (%) | 0.2309 | 0.2443 | 0.0061 | 0.0009 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 6.00 | 61.70 | 40.00 | 19.20 |
| Coverage ratio | 3.94 | 3.68 | 4.11 | 2.75 |
(2) Series Offered : 3.00% 20 Apr 2029
| Nov 26 - #748 | Nov 12 - #746 | Oct 15 - #743 | Oct 01 - #741 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 250 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 250 |
| Total Number of Bids Received | 35 | 35 | 44 | 60 |
| Total Amount of Bids Received ($million) | 985 | 728 | 772 | 1156 |
| Total Number of Successful Bids | 12 | 8 | 14 | 25 |
| Highest Yield Accepted (%) | 0.7425 | 0.7450 | 0.4025 | 0.3925 |
| Lowest Yield Accepted (%) | 0.7250 | 0.7325 | 0.3900 | 0.3725 |
| Highest Yield Rejected (%) | 0.7900 | 0.8300 | 0.4575 | 0.4650 |
| Lowest Yield Rejected (%) | 0.7425 | 0.7450 | 0.4025 | 0.3925 |
| Weighted Average Accepted Yield (%) | 0.7300 | 0.7379 | 0.3966 | 0.3843 |
| Weighted Average Rejected Yield (%) | 0.7560 | 0.7702 | 0.4178 | 0.4112 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 13.30 | 68.20 | 13.00 | 17.50 |
| Coverage ratio | 3.94 | 2.91 | 3.09 | 4.62 |
(3) Series Offered : 3.50% 14 Apr 2033
| Nov 26 - #748 | Nov 11 - #746 | Oct 15 - #743 | Oct 1 - #741 | |
| Series Offered : 3.50% 14 Apr 2033 | ||||
| Total Amount Offered ($million) | 100 | 100 | 100 | 100 |
| Total Amount Allocated ($million) | 100 | 100 | 100 | 100 |
| Total Number of Bids Received | 44 | 33 | 67 | 36 |
| Total Amount of Bids Received ($million) | 480 | 328 | 636 | 387 |
| Total Number of Successful Bids | 17 | 13 | 5 | 12 |
| Highest Yield Accepted (%) | 1.0575 | 1.0700 | 0.6875 | 0.6850 |
| Lowest Yield Accepted (%) | 1.0375 | 1.0500 | 0.6850 | 0.6700 |
| Highest Yield Rejected (%) | 1.2000 | 1.1200 | 0.7675 | 0.7475 |
| Lowest Yield Rejected (%) | 1.0600 | 1.0700 | 0.6875 | 0.6850 |
| Weighted Average Accepted Yield (%) | 1.0492 | 1.0596 | 0.6865 | 0.6786 |
| Weighted Average Rejected Yield (%) | 1.0741 | 1.0800 | 0.7087 | 0.7047 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 8.60 | 48.00 | 33.30 |
| Coverage ratio | 4.80 | 3.28 | 6.36 | 3.87 |
*Individual allotments may vary due to rounding.
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