Bonds
NZ Govt Bond Tender #765; Tender Date 22 Apr 2021
22nd Apr 21, 2:36pm
by
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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