NZ Govt Bond Tender #751; Tender Date 17 Dec 2020

NZ Govt Bond Tender #751; Tender Date 17 Dec 2020

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 749 held on Dec 17, 2020.

Tender Date: Thursday, Dec 17, 2020.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Dec 22, 2020

 

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

  Dec 17 - #751 Dec 3 - #749 Nov 19 - #747 Nov 05 - #745
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 28 21 30 26
Total Amount of bids Received ($million) 857 877 1320 1007
Total Number of Successful bids 8 9 9 12
Highest Yield Accepted (%) 0.3075 0.2825 0.2275 0.0150
Lowest Yield Accepted (%) 0.2975 0.2750 0.2175 0.0000
Highest Yield Rejected (%) 0.3550 0.3025 0.2650 0.0350
Lowest Yield Rejected (%) 0.3075 0.2825 0.2275 0.0150
Weighted Average Accepted Yield (%) 0.3032 0.2790 0.2228 0.0102
Weighted Average Rejected Yield (%) 0.3250 0.2907 0.2402 0.0260
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* 72.60 56.00 62.50 27.30
Coverage ratio 3.43 3.50 5.28 4.03

 

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

  Dec 17- #751 Dec 3- #749 Nov 19- #747 Nov 05 - #745
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 30 37 52 53
Total Amount of Bids Received ($million) 485 942 1047 932
Total Number of Successful Bids 16 8 10 14
Highest Yield Accepted (%) 0.9450 0.9125 0.8375 0.5225
Lowest Yield Accepted (%) 0.9200 0.9050 0.8300 0.5075
Highest Yield Rejected (%) 0.9800 0.9900 0.9500 0.5750
Lowest Yield Rejected (%) 0.9450 0.9125 0.8375 0.5225
Weighted Average Accepted Yield (%) 0.9364 0.9099 0.8360 0.5136
Weighted Average Rejected Yield (%) 0.9597 0.9386 0.8325 0.5408
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 85.70 40.00 90.30 93.30
Coverage ratio 1.94 3.77 4.18 3.72

 

(3) Series Offered : 1.75% 15 May 2041

  Dec 17 - #751 Dec 3 - #749 Nov 19 - #747 Nov 05 - #745
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 36 47 47 44
Total Amount of Bids Received ($million) 200 306 302 338
Total Number of Successful Bids 12 7 22 18
Highest Yield Accepted (%) 1.7400 1.6725 1.5950 1.2275
Lowest Yield Accepted (%) 1.7100 1.6600 1.5675 1.2175
Highest Yield Rejected (%) 1.7900 1.7425 1.6500 1.2800
Lowest Yield Rejected (%) 1.7400 1.6750 1.5950 1.2275
Weighted Average Accepted Yield (%) 1.7276 1.6637 1.5854 1.2220
Weighted Average Rejected Yield (%) 1.7624 1.7026 1.6192 1.2451
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 18.20 100.0 50.0 25.0
Coverage ratio 2.00 3.06 3.02 3.38

 

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

  #751 #749 #747 #745
Series offered   : 2.50% - 20 Sep 2035 Dec 17, 2020 Dec 3, 2020 Nov 19, 2020 Nov 05, 2020
Total Amount Offered ($mln) 50 50 50 50
Total Amount Allocated ($mln) 50 50 50 50
Total Number of Bids Received 32 31 23 22
Total Amount of Bids Received ($mln) 224 94 97 69
Total Number of Successful Bids 11 19 13 19
Highest Yield Accepted (%) -0.0550 0.0600 -0.0350 -0.2950
Lowest Yield Accepted (%) -0.1175 -0.0500 -0.1775 -0.3900
Highest Yield Rejected (%) 0.0900 0.1300 0.0450 -0.2800
Lowest Yield Rejected (%) -0.0550 0.0600 -0.0350 -0.2950
Weighted Average Accepted Yield (%) -0.0903 -0.0121 -0.1058 -0.3300
Weighted Average Rejected Yield (%) 0.0203 0.0813 0.0071 -0.2871
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 60.00 20.00 80.0 20.0
Coverage Ratio 4.48 1.88 1.94 1.38

*Individual allotments may vary due to rounding.

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