NZ Govt Bond Tender #748; Tender Date 26 Nov 2020

NZ Govt Bond Tender #748; Tender Date 26 Nov 2020

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.

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.