NZ Govt Bond Tender #753; Tender Date 21 Jan 2021

NZ Govt Bond Tender #753; Tender Date 21 Jan 2021

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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