Bonds
NZ Govt Bond Tender #759; Tender Date 11 Mar 2021
11th Mar 21, 3:10pm
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, Mar 11, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Mar 16, 2021
(1) Nominal Bonds - Series Offered : 0.50% 15 May 2024
| Mar 11 - #759 | Feb 25 - #757 | Feb 11 - #755 | Jan 28 - #754 | |
| Series Offered : 0.50% 15 May 2024 | ||||
| Total Amount offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of bids Received | 19 | 22 | 22 | 32 |
| Total Amount of bids Received ($million) | 480 | 285 | 580 | 730 |
| Total Number of Successful bids | 9 | 15 | 10 | 11 |
| Highest Yield Accepted (%) | 0.5775 | 0.6500 | 0.4200 | 0.3000 |
| Lowest Yield Accepted (%) | 0.5575 | 0.6150 | 0.4075 | 0.2825 |
| Highest Yield Rejected (%) | 0.6250 | 0.7200 | 0.4650 | 0.3450 |
| Lowest Yield Rejected (%) | 0.5775 | 0.6500 | 0.4200 | 0.3000 |
| Weighted Average Accepted Yield (%) | 0.5719 | 0.6334 | 0.4143 | 0.2913 |
| Weighted Average Rejected Yield (%) | 0.5957 | 0.6946 | 0.4389 | 0.3090 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 77.80 | 80.00 | 9.20 | 50.00 |
| Coverage ratio | 2.40 | 1.42 | 2.90 | 3.65 |
(2) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| Mar 11- #759 | Feb 25- #757 | Feb 11- #755 | Jan 28- #754 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount Offered ($million) | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 34 | 20 | 30 | 42 |
| Total Amount of Bids Received ($million) | 685 | 165 | 542 | 423 |
| Total Number of Successful Bids | 9 | 19 | 12 | 7 |
| Highest Yield Accepted (%) | 1.1850 | 1.2625 | 0.8250 | 0.5775 |
| Lowest Yield Accepted (%) | 1.1725 | 1.2025 | 0.8100 | 0.5700 |
| Highest Yield Rejected (%) | 1.2425 | 1.2800 | 0.9100 | 0.6300 |
| Lowest Yield Rejected (%) | 1.1850 | 1.2625 | 0.8250 | 0.5775 |
| Weighted Average Accepted Yield (%) | 1.1809 | 1.2337 | 0.8211 | 0.5759 |
| Weighted Average Rejected Yield (%) | 1.2075 | 1.2742 | 0.8554 | 0.5980 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 62.50 | 83.30 | 80.00 | 99.10 |
| Coverage ratio | 4.57 | 1.10 | 3.61 | 2.82 |
(3) Series Offered : 1.75% 15 May 2041
| Mar11 - #759 | Feb 25 - #757 | Feb 11 - #755 | Jan 28 - #754 | |
| 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 | 45 | 37 | 36 | 39 |
| Total Amount of Bids Received ($million) | 454 | 258 | 490 | 180 |
| Total Number of Successful Bids | 14 | 2 | 2 | 16 |
| Highest Yield Accepted (%) | 2.5850 | 2.7325 | 2.2075 | 1.9175 |
| Lowest Yield Accepted (%) | 2.5650 | 2.7325 | 2.2075 | 1.8875 |
| Highest Yield Rejected (%) | 2.6250 | 2.8475 | 2.2850 | 1.9650 |
| Lowest Yield Rejected (%) | 2.5850 | 2.7325 | 2.2075 | 1.9175 |
| Weighted Average Accepted Yield (%) | 2.5773 | 2.7325 | 2.2075 | 1.8977 |
| Weighted Average Rejected Yield (%) | 2.6002 | 2.7666 | 2.2349 | 1.9435 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 75.00 | 80.00 | 87.00 | 50.00 |
| Coverage ratio | 4.54 | 2.58 | 4.90 | 1.80 |
*Individual allotments may vary due to rounding.
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