Bonds
NZ Govt Bond Tender #766; Tender Date 29 Apr 2021
29th Apr 21, 3:03pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 764 held on Apr 29, 2021.
Tender Date: Thursday, Apr 29, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, May 4, 2021
(1) Series Offered : 2.75% 15 Apr 2025
| Apr 29 - #766 | Apr 15 - #764 | Apr 1 - #762 | Mar 18 - #760 | |
| Series Offered | ||||
| Total Amount offered ($million) | 100 | 100 | 100 | 200 |
| Total Amount Allocated ($million) | 100 | 100 | 100 | 200 |
| Total Number of bids Received | 25 | 17 | 24 | 28 |
| Total Amount of bids Received ($million) | 500 | 330 | 460 | 680 |
| Total Number of Successful bids | 6 | 3 | 6 | 2 |
| Highest Yield Accepted (%) | 0.6050 | 0.6300 | 0.7025 | 0.7875 |
| Lowest Yield Accepted (%) | 0.6000 | 0.6275 | 0.6975 | 0.7875 |
| Highest Yield Rejected (%) | 0.6475 | 0.6825 | 0.7775 | 0.8550 |
| Lowest Yield Rejected (%) | 0.6050 | 0.6300 | 0.7050 | 0.7875 |
| Weighted Average Accepted Yield (%) | 0.6024 | 0.6295 | 0.6992 | 0.7875 |
| Weighted Average Rejected Yield (%) | 0.6163 | 0.6457 | 0.7248 | 0.8107 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 75.00 | 66.70 | 100.00 | 88.90 |
| Coverage ratio | 5.00 | 3.30 | 4.60 | 3.40 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Apr 29 - #766 | Apr 15 - #764 | Apr 1 - #762 | Dec 17- #751 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 100 | 100 | 100 | 250 |
| Total Amount Allocated ($million) | 100 | 100 | 100 | 250 |
| Total Number of Bids Received | 25 | 32 | 24 | 30 |
| Total Amount of Bids Received ($million) | 315 | 435 | 275 | 485 |
| Total Number of Successful Bids | 4 | 9 | 11 | 16 |
| Highest Yield Accepted (%) | 1.6100 | 1.7000 | 1.8225 | 0.9450 |
| Lowest Yield Accepted (%) | 1.6000 | 1.6850 | 1.8025 | 0.9200 |
| Highest Yield Rejected (%) | 1.6650 | 1.7550 | 1.8825 | 0.9800 |
| Lowest Yield Rejected (%) | 1.6100 | 1.7000 | 1.8825 | 0.9450 |
| Weighted Average Accepted Yield (%) | 1.6092 | 1.6931 | 1.8155 | 0.9364 |
| Weighted Average Rejected Yield (%) | 1.6305 | 1.7173 | 1.8454 | 0.9597 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 83.00 | 10.00 | 42.90 | 85.70 |
| Coverage ratio | 3.15 | 4.35 | 2.75 | 1.94 |
(3) Series Offered : 3.50% 14 Apr 2033
| Apr 29 - #766 | Apr 15 - #764 | Apr 1 - #762 | Mar 18 - #760 | |
| 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 | 23 | 33 | 26 | 24 |
| Total Amount of Bids Received ($million) | 257 | 380 | 190 | 200 |
| Total Number of Successful Bids | 3 | 12 | 13 | 14 |
| Highest Yield Accepted (%) | 1.8475 | 1.9450 | 2.0700 | 1.9625 |
| Lowest Yield Accepted (%) | 1.8450 | 1.9200 | 2.0325 | 1.9375 |
| Highest Yield Rejected (%) | 1.9025 | 1.9950 | 2.1200 | 2.0125 |
| Lowest Yield Rejected (%) | 1.8475 | 1.9500 | 2.0750 | 1.9625 |
| Weighted Average Accepted Yield (%) | 1.8474 | 1.9322 | 2.0546 | 1.9527 |
| Weighted Average Rejected Yield (%) | 1.8700 | 1.9688 | 2.0925 | 1.9810 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 90.50 | 100.00 | 100.00 | 66.70 |
| Coverage ratio | 2.57 | 3.80 | 1.90 | 2.00 |
(4) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2040
| #766 | #764 | #760 | #760 | |
| Series offered | Apr 29, 2021 | Apr 15, 2021 | Apr 1, 2021 | Mar 18, 2021 |
| Total Amount Offered ($mln) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($mln) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 38 | 19 | 20 | 26 |
| Total Amount of Bids Received ($mln) | 193 | 140 | 61 | 134 |
| Total Number of Successful Bids | 12 | 11 | 18 | 13 |
| Highest Yield Accepted (%) | 0.9550 | 1.0700 | 1.0400 | 0.9050 |
| Lowest Yield Accepted (%) | 0.9350 | 1.0000 | 0.9300 | 0.8050 |
| Highest Yield Rejected (%) | 1.1400 | 1.1175 | 1.0500 | 0.9750 |
| Lowest Yield Rejected (%) | 0.9550 | 1.0700 | 1.0400 | 0.9050 |
| Weighted Average Accepted Yield (%) | 0.9468 | 1.0450 | 1.0113 | 0.8740 |
| Weighted Average Rejected Yield (%) | 1.0172 | 1.0988 | 1.0468 | 0.9294 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 17.90 | 10.00 | 80.00 | 36.00 |
| Coverage Ratio | 3.80 | 2.80 | 1.22 | 2.68 |
*Individual allotments may vary due to rounding.
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