Bonds
NZ Govt Bond Tender #761; Tender Date 25 Mar 2021
25th Mar 21, 3:15pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 761 held on Mar 25, 2021.
Tender Date: Thursday, Mar 25, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Mar 30, 2021
(1) Nominal Bonds - Series Offered : 0.50% 15 May 2024
| Mar 25 - #761 | Mar 11 - #759 | Feb 25 - #757 | Feb 11 - #755 | |
| 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 | 26 | 19 | 22 | 22 |
| Total Amount of bids Received ($million) | 577 | 480 | 285 | 580 |
| Total Number of Successful bids | 4 | 9 | 15 | 10 |
| Highest Yield Accepted (%) | 0.3925 | 0.5775 | 0.6500 | 0.4200 |
| Lowest Yield Accepted (%) | 0.3900 | 0.5575 | 0.6150 | 0.4075 |
| Highest Yield Rejected (%) | 0.4625 | 0.6250 | 0.7200 | 0.4650 |
| Lowest Yield Rejected (%) | 0.3925 | 0.5775 | 0.6500 | 0.4200 |
| Weighted Average Accepted Yield (%) | 0.3924 | 0.5719 | 0.6334 | 0.4143 |
| Weighted Average Rejected Yield (%) | 0.4175 | 0.5957 | 0.6946 | 0.4389 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 86.40 | 77.80 | 80.00 | 9.20 |
| Coverage ratio | 2.89 | 2.40 | 1.42 | 2.90 |
(2) Nominal Bonds - Series Offered : 4.50% 15 Apr 2027
| Mar 25- #761 | Mar 11- #759 | Feb 25- #757 | Feb 11- #755 | |
| Series Offered : 4.50% 15 Apr 2027 | ||||
| Total Amount Offered ($million) | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 23 | 34 | 20 | 30 |
| Total Amount of Bids Received ($million) | 390 | 685 | 165 | 542 |
| Total Number of Successful Bids | 9 | 9 | 19 | 12 |
| Highest Yield Accepted (%) | 0.9550 | 1.1850 | 1.2625 | 0.8250 |
| Lowest Yield Accepted (%) | 0.9450 | 1.1725 | 1.2025 | 0.8100 |
| Highest Yield Rejected (%) | 1.0150 | 1.2425 | 1.2800 | 0.9100 |
| Lowest Yield Rejected (%) | 0.9550 | 1.1850 | 1.2625 | 0.8250 |
| Weighted Average Accepted Yield (%) | 0.9464 | 1.1809 | 1.2337 | 0.8211 |
| Weighted Average Rejected Yield (%) | 0.9766 | 1.2075 | 1.2742 | 0.8554 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 14.30 | 62.50 | 83.30 | 80.00 |
| Coverage ratio | 2.60 | 4.57 | 1.10 | 3.61 |
(3) Series Offered : 1.75% 15 May 2041
| Mar 25 - #761 | Mar11 - #759 | Feb 25 - #757 | Feb 11 - #755 | |
| 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 | 27 | 45 | 37 | 36 |
| Total Amount of Bids Received ($million) | 215 | 454 | 258 | 490 |
| Total Number of Successful Bids | 10 | 14 | 2 | 2 |
| Highest Yield Accepted (%) | 2.4425 | 2.5850 | 2.7325 | 2.2075 |
| Lowest Yield Accepted (%) | 2.4275 | 2.5650 | 2.7325 | 2.2075 |
| Highest Yield Rejected (%) | 2.5375 | 2.6250 | 2.8475 | 2.2850 |
| Lowest Yield Rejected (%) | 2.4500 | 2.5850 | 2.7325 | 2.2075 |
| Weighted Average Accepted Yield (%) | 2.4348 | 2.5773 | 2.7325 | 2.2075 |
| Weighted Average Rejected Yield (%) | 2.4865 | 2.6002 | 2.7666 | 2.2349 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 75.00 | 80.00 | 87.00 |
| Coverage ratio | 2.15 | 4.54 | 2.58 | 4.90 |
*Individual allotments may vary due to rounding.
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