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NZ Govt Bond Tender #765; Tender Date 22 Apr 2021

NZ Govt Bond Tender #765; Tender Date 22 Apr 2021

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 765 held on Apr 22, 2021.

Tender Date: Thursday, Apr 22, 2021.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Apr 28, 2021

 

(1) Nominal Bonds - Series Offered : 0.50% 15 May 2024

  Apr 22- #765 Apr 8 - #763 Mar 25 - #761 Mar 11 - #759
Series Offered : 0.50% 15 May 2024        
Total Amount offered ($million) 100 100 200 200
Total Amount Allocated ($million) 100 100 200 200
Total Number of bids Received 29 23 26 19
Total Amount of bids Received ($million) 550 390 577 480
Total Number of Successful bids 4 5 4 9
Highest Yield Accepted (%) 0.4050 0.4450 0.3925 0.5775
Lowest Yield Accepted (%) 0.3975 0.4425 0.3900 0.5575
Highest Yield Rejected (%) 0.4625 0.5225 0.4625 0.6250
Lowest Yield Rejected (%) 0.4050 0.4450 0.3925 0.5775
Weighted Average Accepted Yield (%) 0.4031 0.4448 0.3924 0.5719
Weighted Average Rejected Yield (%) 0.4219 0.4667 0.4175 0.5957
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* 53.60 94.70 86.40 77.80
Coverage ratio 5.50 3.90 2.89 2.40

 

(2) Nominal Bonds - Series Offered : 0.25% 15 May 2028

  Apr 22- #765 Apr 8- #763
Series Offered : 0.25% 15 May 2028    
Total Amount Offered ($million) 100 100
Total Amount Allocated ($million) 100 100
Total Number of Bids Received 27 28
Total Amount of Bids Received ($million) 339 320
Total Number of Successful Bids 14 8
Highest Yield Accepted (%) 1.1950 1.3150
Lowest Yield Accepted (%) 1.1750 1.3000
Highest Yield Rejected (%) 1.2600 1.3900
Lowest Yield Rejected (%) 1.1950 1.3150
Weighted Average Accepted Yield (%) 1.1864 1.3104
Weighted Average Rejected Yield (%) 1.2077 1.3337
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 18.90 11.10
Coverage ratio 3.39 3.20

 

(3) Series Offered : 2.75% 15 Apr 2037

  Apr 22 - #765 Apr 8 - #763 Sep 24 - #740 Sep 10 - #735
Series Offered  :  2.75% 15 Apr 2037        
Total Amount Offered ($million) 100 100 150 150
Total Amount Allocated ($million) 100 100 150 150
Total Number of Bids Received 40 36 41 33
Total Amount of Bids Received ($million) 364 290 548 228
Total Number of Successful Bids 18 12 1 17
Highest Yield Accepted (%) 2.1050 2.3100 0.9075 1.1275
Lowest Yield Accepted (%) 2.0875 2.2925 0.9075 1.0875
Highest Yield Rejected (%) 2.1800 2.3700 0.9850 1.1700
Lowest Yield Rejected (%) 2.1050 2.3100 0.9225 1.1300
Weighted Average Accepted Yield (%) 2.0994 2.3055 0.9075 1.1018
Weighted Average Rejected Yield (%) 2.1197 2.3266 0.9458 1.1468
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 52.00 91.70 100.00 100.00
Coverage ratio 3.64 2.90 3.65 1.52

 

 

 

*Individual allotments may vary due to rounding.

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