Bonds
NZ Govt Bond Tender #763; Tender Date 8 Apr 2021
8th Apr 21, 2:13pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 763 held on Apr 8, 2021.
Tender Date: Thursday, Apr 8, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Apr 13, 2021
(1) Nominal Bonds - Series Offered : 0.50% 15 May 2024
| Apr 8 - #763 | Mar 25 - #761 | Mar 11 - #759 | Feb 25 - #757 | |
| Series Offered : 0.50% 15 May 2024 | ||||
| Total Amount offered ($million) | 100 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 100 | 200 | 200 | 200 |
| Total Number of bids Received | 23 | 26 | 19 | 22 |
| Total Amount of bids Received ($million) | 390 | 577 | 480 | 285 |
| Total Number of Successful bids | 5 | 4 | 9 | 15 |
| Highest Yield Accepted (%) | 0.4450 | 0.3925 | 0.5775 | 0.6500 |
| Lowest Yield Accepted (%) | 0.4425 | 0.3900 | 0.5575 | 0.6150 |
| Highest Yield Rejected (%) | 0.5225 | 0.4625 | 0.6250 | 0.7200 |
| Lowest Yield Rejected (%) | 0.4450 | 0.3925 | 0.5775 | 0.6500 |
| Weighted Average Accepted Yield (%) | 0.4448 | 0.3924 | 0.5719 | 0.6334 |
| Weighted Average Rejected Yield (%) | 0.4667 | 0.4175 | 0.5957 | 0.6946 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 94.70 | 86.40 | 77.80 | 80.00 |
| Coverage ratio | 3.90 | 2.89 | 2.40 | 1.42 |
(2) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Apr 8- #763 | |
| Series Offered : 0.25% 15 May 2028 | |
| Total Amount Offered ($million) | 100 |
| Total Amount Allocated ($million) | 100 |
| Total Number of Bids Received | 28 |
| Total Amount of Bids Received ($million) | 320 |
| Total Number of Successful Bids | 8 |
| Highest Yield Accepted (%) | 1.3150 |
| Lowest Yield Accepted (%) | 1.3000 |
| Highest Yield Rejected (%) | 1.3900 |
| Lowest Yield Rejected (%) | 1.3150 |
| Weighted Average Accepted Yield (%) | 1.3104 |
| Weighted Average Rejected Yield (%) | 1.3337 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 11.10 |
| Coverage ratio | 3.20 |
(3) Series Offered : 2.75% 15 Apr 2037
| Apr 8 - #763 | Sep 24 - #740 | Sep 10 - #735 | Aug 13 - #735 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 100 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 100 | 150 | 150 | 150 |
| Total Number of Bids Received | 36 | 41 | 33 | 39 |
| Total Amount of Bids Received ($million) | 290 | 548 | 228 | 410 |
| Total Number of Successful Bids | 12 | 1 | 17 | 9 |
| Highest Yield Accepted (%) | 2.3100 | 0.9075 | 1.1275 | 1.0400 |
| Lowest Yield Accepted (%) | 2.2925 | 0.9075 | 1.0875 | 1.0325 |
| Highest Yield Rejected (%) | 2.3700 | 0.9850 | 1.1700 | 1.1250 |
| Lowest Yield Rejected (%) | 2.3100 | 0.9225 | 1.1300 | 1.0400 |
| Weighted Average Accepted Yield (%) | 2.3055 | 0.9075 | 1.1018 | 1.0341 |
| Weighted Average Rejected Yield (%) | 2.3266 | 0.9458 | 1.1468 | 1.0610 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 91.70 | 100.00 | 100.00 | 66.70 |
| Coverage ratio | 2.90 | 3.65 | 1.52 | 2.73 |
*Individual allotments may vary due to rounding.
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