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NZ Govt Bond Tender #761; Tender Date 25 Mar 2021

NZ Govt Bond Tender #761; Tender Date 25 Mar 2021

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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