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NZ Govt Bond Tender #763; Tender Date 8 Apr 2021

NZ Govt Bond Tender #763; Tender Date 8 Apr 2021

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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