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NZ Govt Bond Tender #766; Tender Date 29 Apr 2021

NZ Govt Bond Tender #766; Tender Date 29 Apr 2021

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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