Bonds
NZ Govt Bond Tender #749; Tender Date 3 Dec 2020
3rd Dec 20, 5:19pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 749 held on Dec 3, 2020.
Tender Date: Thursday, Dec 3, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Dec 8, 2020
(1) Nominal Bonds - Series Offered : 0.50% 15 May 2024
| Dec 3 - #749 | Nov 19 - #747 | Nov 05 - #745 | Oct 22 - #744 | |
| 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 | 21 | 30 | 26 | 34 |
| Total Amount of bids Received ($million) | 877 | 1320 | 1007 | 1052 |
| Total Number of Successful bids | 9 | 9 | 12 | 13 |
| Highest Yield Accepted (%) | 0.2825 | 0.2275 | 0.0150 | 0.0250 |
| Lowest Yield Accepted (%) | 0.2750 | 0.2175 | 0.0000 | 0.0125 |
| Highest Yield Rejected (%) | 0.3025 | 0.2650 | 0.0350 | 0.0525 |
| Lowest Yield Rejected (%) | 0.2825 | 0.2275 | 0.0150 | 0.0250 |
| Weighted Average Accepted Yield (%) | 0.2790 |
0.2228 |
0.0102 | 0.0195 |
| Weighted Average Rejected Yield (%) | 0.2907 | 0.2402 | 0.0260 | 0.0356 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 56.00 | 62.50 | 27.30 | 2.60 |
| Coverage ratio | 3.50 | 5.28 | 4.03 | 4.21 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Dec 3- #749 | Nov 19- #747 | Nov 05 - #745 | Oct 22 - #744 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 250 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 250 |
| Total Number of Bids Received | 37 | 52 | 53 | 51 |
| Total Amount of Bids Received ($million) | 942 | 1047 | 932 | 818 |
| Total Number of Successful Bids | 8 | 10 | 14 | 19 |
| Highest Yield Accepted (%) | 0.9125 | 0.8375 | 0.5225 | 0.5750 |
| Lowest Yield Accepted (%) | 0.9050 | 0.8300 |
0.5075 |
0.5575 |
| Highest Yield Rejected (%) | 0.9900 | 0.9500 | 0.5750 | 0.6300 |
| Lowest Yield Rejected (%) | 0.9125 | 0.8375 | 0.5225 | 0.5750 |
| Weighted Average Accepted Yield (%) | 0.9099 | 0.8360 | 0.5136 | 0.5675 |
| Weighted Average Rejected Yield (%) | 0.9386 | 0.8325 | 0.5408 | 0.5955 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 40.00 | 90.30 | 93.30 | 35.30 |
| Coverage ratio | 3.77 | 4.18 | 3.72 | 3.27 |
(3) Series Offered : 1.75% 15 May 2041
| Dec 3 - #749 | Nov 19 - #747 | Nov 05 - #745 | Oct 22 - #744 | |
| 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 | 47 | 44 | 55 |
| Total Amount of Bids Received ($million) | 306 | 302 | 338 | 320 |
| Total Number of Successful Bids | 7 | 22 | 18 | 12 |
| Highest Yield Accepted (%) | 1.6725 | 1.5950 | 1.2275 | 1.2550 |
| Lowest Yield Accepted (%) | 1.6600 | 1.5675 | 1.2175 | 1.2325 |
| Highest Yield Rejected (%) | 1.7425 | 1.6500 | 1.2800 | 1.3250 |
| Lowest Yield Rejected (%) | 1.6750 | 1.5950 | 1.2275 | 1.2550 |
| Weighted Average Accepted Yield (%) | 1.6637 | 1.5854 | 1.2220 | 1.2445 |
| Weighted Average Rejected Yield (%) | 1.7026 | 1.6192 | 1.2451 | 1.2838 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.0 | 50.0 | 25.0 | 37.50 |
| Coverage ratio | 3.06 | 3.02 | 3.38 | 3.20 |
(4) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2035
| #749 | #747 | #745 | #744 | |
| Series offered : 2.50% - 20 Sep 2035 | Dec 3, 2020 | Nov 19, 2020 | Nov 05, 2020 | Oct 22, 2020 |
| Total Amount Offered ($mln) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($mln) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 31 | 23 | 22 | 21 |
| Total Amount of Bids Received ($mln) | 94 | 97 | 69 | 111 |
| Total Number of Successful Bids | 19 | 13 | 19 | 8 |
| Highest Yield Accepted (%) | 0.0600 | -0.0350 | -0.2950 | -0.4000 |
| Lowest Yield Accepted (%) | -0.0500 | -0.1775 | -0.3900 | -0.4500 |
| Highest Yield Rejected (%) | 0.1300 | 0.0450 | -0.2800 | -0.3000 |
| Lowest Yield Rejected (%) | 0.0600 | -0.0350 | -0.2950 | -0.3900 |
| Weighted Average Accepted Yield (%) | -0.0121 | -0.1058 | -0.3300 | -0.4147 |
| Weighted Average Rejected Yield (%) | 0.0813 | 0.0071 | -0.2871 | -0.3273 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 20.00 | 80.0 | 20.0 | 100.0 |
| Coverage Ratio | 1.88 | 1.94 | 1.38 | 2.22 |
*Individual allotments may vary due to rounding.
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