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NZ Govt Bond Tender #762; Tender Date 1 Apr 2021

NZ Govt Bond Tender #762; Tender Date 1 Apr 2021

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 762 held on Apr 1, 2021.

Tender Date: Thursday, Apr 1, 2021.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Apr 8, 2021

 

(1) Series Offered : 2.75% 15 Apr 2025

  Apr 1 - #762 Mar 18 - #760 Mar 4 - #758 Feb 18 - #756
Series Offered        
Total Amount offered ($million) 100 200 200 200
Total Amount Allocated ($million) 100 200 200 200
Total Number of bids Received 24 28 39 26
Total Amount of bids Received ($million) 460 680 600 370
Total Number of Successful bids 6 2 8 7
Highest Yield Accepted (%) 0.7025 0.7875 0.8725 0.6050
Lowest Yield Accepted (%) 0.6975 0.7875 0.8600 0.5875
Highest Yield Rejected (%) 0.7775 0.8550 0.9550 0.6375
Lowest Yield Rejected (%) 0.7050 0.7875 0.8725 0.6075
Weighted Average Accepted Yield (%) 0.6992 0.7875 0.8689 0.6000
Weighted Average Rejected Yield (%) 0.7248 0.8107 0.9039 0.6163
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* 100.00 88.90 16.70 100.00
Coverage ratio 4.60 3.40 3.00 1.85

 

(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031

  Apr 1 - #762 Dec 17- #751 Dec 3- #749 Nov 19- #747
Series Offered : 1.50% 15 May 2031        
Total Amount Offered ($million) 100 250 250 250
Total Amount Allocated ($million) 100 250 250 250
Total Number of Bids Received 24 30 37 52
Total Amount of Bids Received ($million) 275 485 942 1047
Total Number of Successful Bids 11 16 8 10
Highest Yield Accepted (%) 1.8225 0.9450 0.9125 0.8375
Lowest Yield Accepted (%) 1.8025 0.9200 0.9050 0.8300
Highest Yield Rejected (%) 1.8825 0.9800 0.9900 0.9500
Lowest Yield Rejected (%) 1.8825 0.9450 0.9125 0.8375
Weighted Average Accepted Yield (%) 1.8155 0.9364 0.9099 0.8360
Weighted Average Rejected Yield (%) 1.8454 0.9597 0.9386 0.8325
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 42.90 85.70 40.00 90.30
Coverage ratio 2.75 1.94 3.77 4.18

 

(3) Series Offered : 3.50% 14 Apr 2033

  Apr 1 - #762 Mar 18 - #760 Mar 4 - #758 Feb 18 - #756
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 26 24 47 27
Total Amount of Bids Received ($million) 190 200 372 268
Total Number of Successful Bids 13 14 17 5
Highest Yield Accepted (%) 2.0700 1.9625 2.0275 1.6675
Lowest Yield Accepted (%) 2.0325 1.9375 1.9975 1.6625
Highest Yield Rejected (%) 2.1200 2.0125 2.0875 1.7300
Lowest Yield Rejected (%) 2.0750 1.9625 2.0275 1.6675
Weighted Average Accepted Yield (%) 2.0546 1.9527 2.0182 1.6665
Weighted Average Rejected Yield (%) 2.0925 1.9810 2.0498 1.69
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100.00 66.70 92.00 71.40
Coverage ratio 1.90 2.00 3.72 2.68

 

 

(4) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2040

  #760 #760 #758 #753
Series offered Apr 1, 2021 Mar 18, 2021 Mar 4, 2021 Jan 21, 2021
Total Amount Offered ($mln) 50 50 50 50
Total Amount Allocated ($mln) 50 50 50 50
Total Number of Bids Received 20 26 30 27
Total Amount of Bids Received ($mln) 61 134 136 87
Total Number of Successful Bids 18 13 4 18
Highest Yield Accepted (%) 1.0400 0.9050 0.9600 0.2900
Lowest Yield Accepted (%) 0.9300 0.8050 0.9425 0.1500
Highest Yield Rejected (%) 1.0500 0.9750 1.1300 0.4100
Lowest Yield Rejected (%) 1.0400 0.9050 0.9600 0.2900
Weighted Average Accepted Yield (%) 1.0113 0.8740 0.9593 0.2304
Weighted Average Rejected Yield (%) 1.0468 0.9294 1.0231 0.3478
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 80.00 36.00 94.00 50.00
Coverage Ratio 1.22 2.68 2.72 1.74

*Individual allotments may vary due to rounding.

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