Bonds
NZ Govt Bond Tender #753; Tender Date 21 Jan 2021
21st Jan 21, 2:32pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 750 held on Jan 21, 2021.
Tender Date: Thursday, Jan 21, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Jan 27, 2021
(1) Series Offered : 2.75% 15 Apr 2025
| Jan 21 - #753 | Aug 13 - #735 | Jul 30 - #733 | Jul 2 - #730 | |
| Series Offered | ||||
| Total Amount offered ($million) | 200 | 450 | 450 | 450 |
| Total Amount Allocated ($million) | 200 | 450 | 450 | 450 |
| Total Number of bids Received | 32 | 38 | 36 | 58 |
| Total Amount of bids Received ($million) | 912 | 1535 | 1302 | 1201 |
| Total Number of Successful bids | 3 | 3 | 18 | 24 |
| Highest Yield Accepted (%) | 0.3400 | 0.2575 | 0.3750 | 0.4700 |
| Lowest Yield Accepted (%) | 0.3400 | 0.2550 | 0.3600 | 0.4125 |
| Highest Yield Rejected (%) | 0.3750 | 0.2950 | 0.4050 | 0.5100 |
| Lowest Yield Rejected (%) | 0.3400 | 0.2575 | 0.3750 | 0.4700 |
| Weighted Average Accepted Yield (%) | 0.3400 | 0.2574 | 0.3688 | 0.4538 |
| Weighted Average Rejected Yield (%) | 0.3565 | 0.2696 | 0.3801 | 0.4842 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 80.00 | 93.50 | 7.80 | 62.50 |
| Coverage ratio | 4.56 | 3.41 | 2.89 | 2.67 |
(2) Series Offered : 3.00% 20 Apr 2029
| Jan 21 - #753 | Dec 12 - #750 | Nov 26 - #748 | Nov 12 - #746 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 150 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 150 | 250 | 250 | 250 |
| Total Number of Bids Received | 37 | 44 | 35 | 35 |
| Total Amount of Bids Received ($million) | 581 | 1,052 | 985 | 728 |
| Total Number of Successful Bids | 3 | 17 | 12 | 8 |
| Highest Yield Accepted (%) | 0.8050 | 0.7400 | 0.7425 | 0.7450 |
| Lowest Yield Accepted (%) | 0.8050 | 0.7250 | 0.7250 | 0.7325 |
| Highest Yield Rejected (%) | 0.8050 | 0.8200 | 0.7900 | 0.8300 |
| Lowest Yield Rejected (%) | 0.8050 | 0.7400 | 0.7425 | 0.7450 |
| Weighted Average Accepted Yield (%) | 0.8050 | 0.7340 | 0.7300 | 0.7379 |
| Weighted Average Rejected Yield (%) | 85.70 | 0.7564 | 0.7560 | 0.7702 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 85.70 | 14.30 | 13.30 | 68.20 |
| Coverage ratio | 3.87 | 4.21 | 3.94 | 2.91 |
(3) Series Offered : 3.50% 14 Apr 2033
| Jan 21 - #753 | Dec 12 - #750 | Nov 26 - #748 | Nov 11 - #746 | |
| 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 | 35 | 42 | 44 | 33 |
| Total Amount of Bids Received ($million) | 401 | 405 | 480 | 328 |
| Total Number of Successful Bids | 7 | 8 | 17 | 13 |
| Highest Yield Accepted (%) | 1.1850 | 1.0700 | 1.0575 | 1.0700 |
| Lowest Yield Accepted (%) | 1.1775 | 1.0625 | 1.0375 | 1.0500 |
| Highest Yield Rejected (%) | 1.2400 | 1.1400 | 1.2000 | 1.1200 |
| Lowest Yield Rejected (%) | 1.1850 | 1.0700 | 1.0600 | 1.0700 |
| Weighted Average Accepted Yield (%) | 1.1824 | 1.0689 | 1.0492 | 1.0596 |
| Weighted Average Rejected Yield (%) | 1.1994 | 1.0858 | 1.0741 | 1.0800 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 45.10 | 60.70 | 100.00 | 8.60 |
| Coverage ratio | 4.01 | 4.05 | 4.80 | 3.28 |
(4) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2040
| #753 | #738 | #738 | #735 | |
| Series offered | Jan 21, 2021 | Sep 24, 2020 | Sep 10, 2020 | Aug 13, 2020 |
| Total Amount Offered ($mln) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($mln) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 27 | 37 | 27 | 31 |
| Total Amount of Bids Received ($mln) | 87 | 149 | 72 | 148 |
| Total Number of Successful Bids | 18 | 1 | 22 | 9 |
| Highest Yield Accepted (%) | 0.2900 | -0.1125 | -0.0750 | 0.0675 |
| Lowest Yield Accepted (%) | 0.1500 | -0.1125 | -0.1650 | 0.0400 |
| Highest Yield Rejected (%) | 0.4100 | 0.0150 | -0.0550 | 0.1500 |
| Lowest Yield Rejected (%) | 0.2900 | -0.1100 | -0.0725 | 0.0675 |
| Weighted Average Accepted Yield (%) | 0.2304 | -0.1125 | -0.1032 | 0.0543 |
| Weighted Average Rejected Yield (%) | 0.3478 | -0.0444 | -0.0634 | 0.1061 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 100.00 | 100.00 | 40.00 |
| Coverage Ratio | 1.74 | 2.98 | 1.44 | 2.96 |
*Individual allotments may vary due to rounding.
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