Bonds
NZ Govt Bond Tender #758; Tender Date 4 Mar 2021
4th Mar 21, 2:31pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 758 held on Mar 4, 2021.
Tender Date: Thursday, Mar 4, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Mar 9, 2021
(1) Series Offered : 2.75% 15 Apr 2025
| Mar 4 - #758 | Feb 18 - #756 | Jan 21 - #753 | Aug 13 - #735 | |
| Series Offered | ||||
| Total Amount offered ($million) | 200 | 200 | 200 | 450 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 450 |
| Total Number of bids Received | 39 | 26 | 32 | 38 |
| Total Amount of bids Received ($million) | 600 | 370 | 912 | 1535 |
| Total Number of Successful bids | 8 | 7 | 3 | 3 |
| Highest Yield Accepted (%) | 0.8725 | 0.6050 | 0.3400 | 0.2575 |
| Lowest Yield Accepted (%) | 0.8600 | 0.5875 | 0.3400 | 0.2550 |
| Highest Yield Rejected (%) | 0.9550 | 0.6375 | 0.3750 | 0.2950 |
| Lowest Yield Rejected (%) | 0.8725 | 0.6075 | 0.3400 | 0.2575 |
| Weighted Average Accepted Yield (%) | 0.8689 | 0.6000 | 0.3400 | 0.2574 |
| Weighted Average Rejected Yield (%) | 0.9039 | 0.6163 | 0.3565 | 0.2696 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 16.70 | 100.00 | 80.00 | 93.50 |
| Coverage ratio | 3.00 | 1.85 | 4.56 | 3.41 |
(2) Series Offered : 3.00% 20 Apr 2029
| Mar 4 - #758 | Feb 18 - #756 | Jan 21 - #753 | Dec 12 - #750 | |
| Series Offered : 3.00% 20 Apr 2029 | ||||
| Total Amount Offered ($million) | 150 | 150 | 150 | 250 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 250 |
| Total Number of Bids Received | 38 | 28 | 37 | 44 |
| Total Amount of Bids Received ($million) | 464 | 390 | 581 | 1,052 |
| Total Number of Successful Bids | 13 | 7 | 3 | 17 |
| Highest Yield Accepted (%) | 1.5850 | 1.2575 | 0.8050 | 0.7400 |
| Lowest Yield Accepted (%) | 1.5675 | 1.2425 | 0.8050 | 0.7250 |
| Highest Yield Rejected (%) | 1.6550 | 1.3025 | 0.8050 | 0.8200 |
| Lowest Yield Rejected (%) | 1.5850 | 1.2575 | 0.8050 | 0.7400 |
| Weighted Average Accepted Yield (%) | 1.5787 | 1.2538 | 0.8050 | 0.7340 |
| Weighted Average Rejected Yield (%) | 1.6073 | 1.2700 | 85.70 | 0.7564 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 40.00 | 59.40 | 85.70 | 14.30 |
| Coverage ratio | 3.09 | 2.60 | 3.87 | 4.21 |
(3) Series Offered : 3.50% 14 Apr 2033
| Mar 4 - #758 | Feb 18 - #756 | Jan 21 - #753 | Dec 12 - #750 | |
| 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 | 47 | 27 | 35 | 42 |
| Total Amount of Bids Received ($million) | 372 | 268 | 401 | 405 |
| Total Number of Successful Bids | 17 | 5 | 7 | 8 |
| Highest Yield Accepted (%) | 2.0275 | 1.6675 | 1.1850 | 1.0700 |
| Lowest Yield Accepted (%) | 1.9975 | 1.6625 | 1.1775 | 1.0625 |
| Highest Yield Rejected (%) | 2.0875 | 1.7300 | 1.2400 | 1.1400 |
| Lowest Yield Rejected (%) | 2.0275 | 1.6675 | 1.1850 | 1.0700 |
| Weighted Average Accepted Yield (%) | 2.0182 | 1.6665 | 1.1824 | 1.0689 |
| Weighted Average Rejected Yield (%) | 2.0498 | 1.69 | 1.1994 | 1.0858 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 92.00 | 71.40 | 45.10 | 60.70 |
| Coverage ratio | 3.72 | 2.68 | 4.01 | 4.05 |
(4) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2040
| #758 | #753 | #738 | #738 | |
| Series offered | Mar 4, 2021 | Jan 21, 2021 | Sep 24, 2020 | Sep 10, 2020 |
| Total Amount Offered ($mln) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($mln) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 30 | 27 | 37 | 27 |
| Total Amount of Bids Received ($mln) | 136 | 87 | 149 | 72 |
| Total Number of Successful Bids | 4 | 18 | 1 | 22 |
| Highest Yield Accepted (%) | 0.9600 | 0.2900 | -0.1125 | -0.0750 |
| Lowest Yield Accepted (%) | 0.9425 | 0.1500 | -0.1125 | -0.1650 |
| Highest Yield Rejected (%) | 1.1300 | 0.4100 | 0.0150 | -0.0550 |
| Lowest Yield Rejected (%) | 0.9600 | 0.2900 | -0.1100 | -0.0725 |
| Weighted Average Accepted Yield (%) | 0.9593 | 0.2304 | -0.1125 | -0.1032 |
| Weighted Average Rejected Yield (%) | 1.0231 | 0.3478 | -0.0444 | -0.0634 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 94.00 | 50.00 | 100.00 | 100.00 |
| Coverage Ratio | 2.72 | 1.74 | 2.98 | 1.44 |
*Individual allotments may vary due to rounding.
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