Bonds
NZ Govt Bond Tender #767; Tender Date 6 May 2021
6th May 21, 2:12pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 767 held on May 6, 2021.
Tender Date: Thursday, May 6, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, May 11, 2021
(1) Nominal Bonds - Series Offered : 0.50% 15 May 2024
| May 6- #767 | Apr 22- #765 | Apr 8 - #763 | Mar 25 - #761 | |
| Series Offered : 0.50% 15 May 2024 | ||||
| Total Amount offered ($million) | 100 | 100 | 100 | 200 |
| Total Amount Allocated ($million) | 100 | 100 | 100 | 200 |
| Total Number of bids Received | 23 | 29 | 23 | 26 |
| Total Amount of bids Received ($million) | 420 | 550 | 390 | 577 |
| Total Number of Successful bids | 7 | 4 | 5 | 4 |
| Highest Yield Accepted (%) | 0.4950 | 0.4050 | 0.4450 | 0.3925 |
| Lowest Yield Accepted (%) | 0.4875 | 0.3975 | 0.4425 | 0.3900 |
| Highest Yield Rejected (%) | 0.5425 | 0.4625 | 0.5225 | 0.4625 |
| Lowest Yield Rejected (%) | 0.4950 | 0.4050 | 0.4450 | 0.3925 |
| Weighted Average Accepted Yield (%) | 0.4910 | 0.4031 | 0.4448 | 0.3924 |
| Weighted Average Rejected Yield (%) | 0.5103 | 0.4219 | 0.4667 | 0.4175 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 50.00 | 53.60 | 94.70 | 86.40 |
| Coverage ratio | 4.23 | 5.50 | 3.90 | 2.89 |
(2) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| May 6- #767 | Apr 22- #765 | Apr 8- #763 | |
| Series Offered : 0.25% 15 May 2028 | |||
| Total Amount Offered ($million) | 100 | 100 | 100 |
| Total Amount Allocated ($million) | 100 | 100 | 100 |
| Total Number of Bids Received | 27 | 27 | 28 |
| Total Amount of Bids Received ($million) | 299 | 339 | 320 |
| Total Number of Successful Bids | 11 | 14 | 8 |
| Highest Yield Accepted (%) | 1.3525 | 1.1950 | 1.3150 |
| Lowest Yield Accepted (%) | 1.3375 | 1.1750 | 1.3000 |
| Highest Yield Rejected (%) | 1.4025 | 1.2600 | 1.3900 |
| Lowest Yield Rejected (%) | 1.3525 | 1.1950 | 1.3150 |
| Weighted Average Accepted Yield (%) | 1.3464 | 1.1864 | 1.3104 |
| Weighted Average Rejected Yield (%) | 1.3680 | 1.2077 | 1.3337 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 37.10 | 18.90 | 11.10 |
| Coverage ratio | 2.99 | 3.39 | 3.20 |
(3) Series Offered : 2.75% 15 Apr 2037
| May 6 - #767 | Apr 22 - #765 | Apr 8 - #763 | Sep 24 - #740 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 100 | 100 | 100 | 150 |
| Total Amount Allocated ($million) | 100 | 100 | 100 | 150 |
| Total Number of Bids Received | 29 | 40 | 36 | 41 |
| Total Amount of Bids Received ($million) | 254 | 364 | 290 | 548 |
| Total Number of Successful Bids | 12 | 18 | 12 | 1 |
| Highest Yield Accepted (%) | 2.2800 | 2.1050 | 2.3100 | 0.9075 |
| Lowest Yield Accepted (%) | 2.2625 | 2.0875 | 2.2925 | 0.9075 |
| Highest Yield Rejected (%) | 2.3425 | 2.1800 | 2.3700 | 0.9850 |
| Lowest Yield Rejected (%) | 2.2800 | 2.1050 | 2.3100 | 0.9225 |
| Weighted Average Accepted Yield (%) | 2.2696 | 2.0994 | 2.3055 | 0.9075 |
| Weighted Average Rejected Yield (%) | 2.2984 | 2.1197 | 2.3266 | 0.9458 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 6.70 | 52.00 | 91.70 | 100.00 |
| Coverage ratio | 2.54 | 3.64 | 2.90 | 3.65 |
*Individual allotments may vary due to rounding.
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