Bonds
NZ Govt Bond Tender #756; Tender Date 18 Feb 2021
18th Feb 21, 2:22pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 756 held on Feb 18, 2021.
Tender Date: Thursday, Feb 18, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Feb 23, 2021
(1) Series Offered : 2.75% 15 Apr 2025
| Feb 18 - #756 | Jan 21 - #753 | Aug 13 - #735 | Jul 30 - #733 | |
| Series Offered | ||||
| Total Amount offered ($million) | 200 | 200 | 450 | 450 |
| Total Amount Allocated ($million) | 200 | 200 | 450 | 450 |
| Total Number of bids Received | 26 | 32 | 38 | 36 |
| Total Amount of bids Received ($million) | 370 | 912 | 1535 | 1302 |
| Total Number of Successful bids | 7 | 3 | 3 | 18 |
| Highest Yield Accepted (%) | 0.6050 | 0.3400 | 0.2575 | 0.3750 |
| Lowest Yield Accepted (%) | 0.5875 | 0.3400 | 0.2550 | 0.3600 |
| Highest Yield Rejected (%) | 0.6375 | 0.3750 | 0.2950 | 0.4050 |
| Lowest Yield Rejected (%) | 0.6075 | 0.3400 | 0.2575 | 0.3750 |
| Weighted Average Accepted Yield (%) | 0.6000 | 0.3400 | 0.2574 | 0.3688 |
| Weighted Average Rejected Yield (%) | 0.6163 | 0.3565 | 0.2696 | 0.3801 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 100.00 | 80.00 | 93.50 | 7.80 |
| Coverage ratio | 1.85 | 4.56 | 3.41 | 2.89 |
(2) Series Offered : 3.00% 20 Apr 2029
| Feb 18 - #756 | Jan 21 - #753 | Dec 12 - #750 | Nov 26 - #748 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 150 | 150 | 250 | 250 |
| Total Amount Allocated ($million) | 150 | 150 | 250 | 250 |
| Total Number of Bids Received | 28 | 37 | 44 | 35 |
| Total Amount of Bids Received ($million) | 390 | 581 | 1,052 | 985 |
| Total Number of Successful Bids | 7 | 3 | 17 | 12 |
| Highest Yield Accepted (%) | 1.2575 | 0.8050 | 0.7400 | 0.7425 |
| Lowest Yield Accepted (%) | 1.2425 | 0.8050 | 0.7250 | 0.7250 |
| Highest Yield Rejected (%) | 1.3025 | 0.8050 | 0.8200 | 0.7900 |
| Lowest Yield Rejected (%) | 1.2575 | 0.8050 | 0.7400 | 0.7425 |
| Weighted Average Accepted Yield (%) | 1.2538 | 0.8050 | 0.7340 | 0.7300 |
| Weighted Average Rejected Yield (%) | 1.27 | 85.70 | 0.7564 | 0.7560 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 59.40 | 85.70 | 14.30 | 13.30 |
| Coverage ratio | 2.60 | 3.87 | 4.21 | 3.94 |
(3) Series Offered : 3.50% 14 Apr 2033
| Feb 18 - #756 | Jan 21 - #753 | Dec 12 - #750 | Nov 26 - #748 | |
| 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 | 27 | 35 | 42 | 44 |
| Total Amount of Bids Received ($million) | 268 | 401 | 405 | 480 |
| Total Number of Successful Bids | 5 | 7 | 8 | 17 |
| Highest Yield Accepted (%) | 1.6675 | 1.1850 | 1.0700 | 1.0575 |
| Lowest Yield Accepted (%) | 1.6625 | 1.1775 | 1.0625 | 1.0375 |
| Highest Yield Rejected (%) | 1.7300 | 1.2400 | 1.1400 | 1.2000 |
| Lowest Yield Rejected (%) | 1.6675 | 1.1850 | 1.0700 | 1.0600 |
| Weighted Average Accepted Yield (%) | 1.6665 | 1.1824 | 1.0689 | 1.0492 |
| Weighted Average Rejected Yield (%) | 1.69 | 1.1994 | 1.0858 | 1.0741 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 71.40 | 45.10 | 60.70 | 100.00 |
| Coverage ratio | 2.68 | 4.01 | 4.05 | 4.80 |
*Individual allotments may vary due to rounding.
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