NZ Govt Bond Tender #750; Tender Date 26 Nov 2020

NZ Govt Bond Tender #750; Tender Date 26 Nov 2020

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 750 held on Dec 12, 2020.

Tender Date: Thursday, Dec 12, 2020.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Dec 15, 2020

 

(1) Series Offered : 5.50% 15 Apr 2023

  Dec 10 - #750 Nov 26 - #748 Nov 12 - #746 Oct 15 - #743
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 22 29
Total Amount of Bids Received ($million) 892 987 922 1027
Total Number of Successful Bids 6 6 2 7
Highest Yield Accepted (%) 0.2225 0.2225 0.2250 -0.0075
Lowest Yield Accepted (%) 0.2125 0.2150 0.2225 -0.0125
Highest Yield Rejected (%) 0.2700 0.2500 0.2800 0.0400
Lowest Yield Rejected (%) 0.2225 0.2225 0.2250 -0.0075
Weighted Average Accepted Yield (%) 0.2164 0.2159 0.2235 -0.0109
Weighted Average Rejected Yield (%) 0.2312 0.2309 0.2443 0.0061
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 63.30 6.00 61.70 40.00
Coverage ratio 3.57 3.94 3.68 4.11

 

(2) Series Offered : 3.00% 20 Apr 2029

  Dec 12 - #750 Nov 26 - #748 Nov 12 - #746 Oct 15 - #743
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 44 35 35 44
Total Amount of Bids Received ($million) 1,052 985 728 772
Total Number of Successful Bids 17 12 8 14
Highest Yield Accepted (%) 0.7400 0.7425 0.7450 0.4025
Lowest Yield Accepted (%) 0.7250 0.7250 0.7325 0.3900
Highest Yield Rejected (%) 0.8200 0.7900 0.8300 0.4575
Lowest Yield Rejected (%) 0.7400 0.7425 0.7450 0.4025
Weighted Average Accepted Yield (%) 0.7340 0.7300 0.7379 0.3966
Weighted Average Rejected Yield (%) 0.7564 0.7560 0.7702 0.4178
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 14.30 13.30 68.20 13.00
Coverage ratio 4.21 3.94 2.91 3.09

 

(3) Series Offered : 3.50% 14 Apr 2033

  Dec 12 - #750 Nov 26 - #748 Nov 11 - #746 Oct 15 - #743
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 42 44 33 67
Total Amount of Bids Received ($million) 405 480 328 636
Total Number of Successful Bids 8 17 13 5
Highest Yield Accepted (%) 1.0700 1.0575 1.0700 0.6875
Lowest Yield Accepted (%) 1.0625 1.0375 1.0500 0.6850
Highest Yield Rejected (%) 1.1400 1.2000 1.1200 0.7675
Lowest Yield Rejected (%) 1.0700 1.0600 1.0700 0.6875
Weighted Average Accepted Yield (%) 1.0689 1.0492 1.0596 0.6865
Weighted Average Rejected Yield (%) 1.0858 1.0741 1.0800 0.7087
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 60.70 100.00 8.60 48.00
Coverage ratio 4.05 4.80 3.28 6.36

*Individual allotments may vary due to rounding.

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