Bonds
NZ Govt Bond Tender #764; Tender Date 15 Apr 2021
15th Apr 21, 2:40pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 764 held on Apr 15, 2021.
Tender Date: Thursday, Apr 15, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Apr 20, 2021
(1) Series Offered : 2.75% 15 Apr 2025
| Apr 15 - #764 | Apr 1 - #762 | Mar 18 - #760 | Mar 4 - #758 | |
| Series Offered | ||||
| Total Amount offered ($million) | 100 | 100 | 200 | 200 |
| Total Amount Allocated ($million) | 100 | 100 | 200 | 200 |
| Total Number of bids Received | 17 | 24 | 28 | 39 |
| Total Amount of bids Received ($million) | 330 | 460 | 680 | 600 |
| Total Number of Successful bids | 3 | 6 | 2 | 8 |
| Highest Yield Accepted (%) | 0.6300 | 0.7025 | 0.7875 | 0.8725 |
| Lowest Yield Accepted (%) | 0.6275 | 0.6975 | 0.7875 | 0.8600 |
| Highest Yield Rejected (%) | 0.6825 | 0.7775 | 0.8550 | 0.9550 |
| Lowest Yield Rejected (%) | 0.6300 | 0.7050 | 0.7875 | 0.8725 |
| Weighted Average Accepted Yield (%) | 0.6295 | 0.6992 | 0.7875 | 0.8689 |
| Weighted Average Rejected Yield (%) | 0.6457 | 0.7248 | 0.8107 | 0.9039 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 66.70 | 100.00 | 88.90 | 16.70 |
| Coverage ratio | 3.30 | 4.60 | 3.40 | 3.00 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Apr 15 - #764 | Apr 1 - #762 | Dec 17- #751 | Dec 3- #749 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 100 | 100 | 250 | 250 |
| Total Amount Allocated ($million) | 100 | 100 | 250 | 250 |
| Total Number of Bids Received | 32 | 24 | 30 | 37 |
| Total Amount of Bids Received ($million) | 435 | 275 | 485 | 942 |
| Total Number of Successful Bids | 9 | 11 | 16 | 8 |
| Highest Yield Accepted (%) | 1.7000 | 1.8225 | 0.9450 | 0.9125 |
| Lowest Yield Accepted (%) | 1.6850 | 1.8025 | 0.9200 | 0.9050 |
| Highest Yield Rejected (%) | 1.7550 | 1.8825 | 0.9800 | 0.9900 |
| Lowest Yield Rejected (%) | 1.7000 | 1.8825 | 0.9450 | 0.9125 |
| Weighted Average Accepted Yield (%) | 1.6931 | 1.8155 | 0.9364 | 0.9099 |
| Weighted Average Rejected Yield (%) | 1.7173 | 1.8454 | 0.9597 | 0.9386 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 10.00 | 42.90 | 85.70 | 40.00 |
| Coverage ratio | 4.35 | 2.75 | 1.94 | 3.77 |
(3) Series Offered : 3.50% 14 Apr 2033
| Apr 15 - #764 | Apr 1 - #762 | Mar 18 - #760 | Mar 4 - #758 | |
| 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 | 33 | 26 | 24 | 47 |
| Total Amount of Bids Received ($million) | 380 | 190 | 200 | 372 |
| Total Number of Successful Bids | 12 | 13 | 14 | 17 |
| Highest Yield Accepted (%) | 1.9450 | 2.0700 | 1.9625 | 2.0275 |
| Lowest Yield Accepted (%) | 1.9200 | 2.0325 | 1.9375 | 1.9975 |
| Highest Yield Rejected (%) | 1.9950 | 2.1200 | 2.0125 | 2.0875 |
| Lowest Yield Rejected (%) | 1.9500 | 2.0750 | 1.9625 | 2.0275 |
| Weighted Average Accepted Yield (%) | 1.9322 | 2.0546 | 1.9527 | 2.0182 |
| Weighted Average Rejected Yield (%) | 1.9688 | 2.0925 | 1.9810 | 2.0498 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 100.00 | 66.70 | 92.00 |
| Coverage ratio | 3.80 | 1.90 | 2.00 | 3.72 |
(4) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2040
| #764 | #760 | #760 | #758 | |
| Series offered | Apr 15, 2021 | Apr 1, 2021 | Mar 18, 2021 | Mar 4, 2021 |
| Total Amount Offered ($mln) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($mln) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 19 | 20 | 26 | 30 |
| Total Amount of Bids Received ($mln) | 140 | 61 | 134 | 136 |
| Total Number of Successful Bids | 11 | 18 | 13 | 4 |
| Highest Yield Accepted (%) | 1.0700 | 1.0400 | 0.9050 | 0.9600 |
| Lowest Yield Accepted (%) | 1.0000 | 0.9300 | 0.8050 | 0.9425 |
| Highest Yield Rejected (%) | 1.1175 | 1.0500 | 0.9750 | 1.1300 |
| Lowest Yield Rejected (%) | 1.0700 | 1.0400 | 0.9050 | 0.9600 |
| Weighted Average Accepted Yield (%) | 1.0450 | 1.0113 | 0.8740 | 0.9593 |
| Weighted Average Rejected Yield (%) | 1.0988 | 1.0468 | 0.9294 | 1.0231 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 10.00 | 80.00 | 36.00 | 94.00 |
| Coverage Ratio | 2.80 | 1.22 | 2.68 | 2.72 |
*Individual allotments may vary due to rounding.
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