Bonds
NZ Govt Bond Tender #755; Tender Date 11 Feb 2021
11th Feb 21, 2:11pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 755 held on Feb 11, 2021.
Tender Date: Thursday, Feb 11, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Feb 16, 2021
(1) Nominal Bonds - Series Offered : 0.50% 15 May 2024
| Feb 11 - #755 | Jan 28 - #754 | Jan 14 - #752 | Dec 17 - #751 | |
| Series Offered : 0.50% 15 May 2024 | ||||
| Total Amount offered ($million) | 200 | 200 | 200 | 250 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 250 |
| Total Number of bids Received | 22 | 32 | 35 | 28 |
| Total Amount of bids Received ($million) | 580 | 730 | 938 | 857 |
| Total Number of Successful bids | 10 | 11 | 4 | 8 |
| Highest Yield Accepted (%) | 0.4200 | 0.3000 | 0.3125 | 0.3075 |
| Lowest Yield Accepted (%) | 0.4075 | 0.2825 | 0.3075 | 0.2975 |
| Highest Yield Rejected (%) | 0.4650 | 0.3450 | 0.3450 | 0.3550 |
| Lowest Yield Rejected (%) | 0.4200 | 0.3000 | 0.3125 | 0.3075 |
| Weighted Average Accepted Yield (%) | 0.4143 | 0.2913 | 0.3112 | 0.3032 |
| Weighted Average Rejected Yield (%) | 0.4389 | 0.3090 | 0.3235 | 0.3250 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 9.20 | 50.00 | 62.50 | 72.60 |
| Coverage ratio | 2.90 | 3.65 | 4.69 | 3.43 |
(2) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| Feb 11- #755 | Jan 28- #754 | Jan 14- #752 | |
| Series Offered : 4.50% 15 Apr 2027 | |||
| Total Amount Offered ($million) | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 |
| Total Number of Bids Received | 30 | 42 | 45 |
| Total Amount of Bids Received ($million) | 542 | 423 | 756 |
| Total Number of Successful Bids | 12 | 7 | 1 |
| Highest Yield Accepted (%) | 0.8250 | 0.5775 | 0.5725 |
| Lowest Yield Accepted (%) | 0.8100 | 0.5700 | 0.5725 |
| Highest Yield Rejected (%) | 0.9100 | 0.6300 | 0.6200 |
| Lowest Yield Rejected (%) | 0.8250 | 0.5775 | 0.5775 |
| Weighted Average Accepted Yield (%) | 0.8211 | 0.5759 | 0.5725 |
| Weighted Average Rejected Yield (%) | 0.8554 | 0.5980 | 0.5929 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 80.00 | 99.10 | 100.00 |
| Coverage ratio | 3.61 | 2.82 | 5.04 |
(3) Series Offered : 1.75% 15 May 2041
| Feb 11 - #755 | Jan 28 - #754 | Jan 14 - #752 | Dec 17 - #751 | |
| 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 | 39 | 63 | 36 |
| Total Amount of Bids Received ($million) | 490 | 180 | 379 | 200 |
| Total Number of Successful Bids | 2 | 16 | 1 | 12 |
| Highest Yield Accepted (%) | 2.2075 | 1.9175 | 1.8575 | 1.7400 |
| Lowest Yield Accepted (%) | 2.2075 | 1.8875 | 1.8575 | 1.7100 |
| Highest Yield Rejected (%) | 2.2850 | 1.9650 | 1.9700 | 1.7900 |
| Lowest Yield Rejected (%) | 2.2075 | 1.9175 | 1.8600 | 1.7400 |
| Weighted Average Accepted Yield (%) | 2.2075 | 1.8977 | 1.8575 | 1.7276 |
| Weighted Average Rejected Yield (%) | 2.2349 | 1.9435 | 1.8964 | 1.7624 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 87.00 | 50.00 | 100.00 | 18.20 |
| Coverage ratio | 4.90 | 1.80 | 3.79 | 2.00 |
*Individual allotments may vary due to rounding.
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