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NZ Govt Bond Tender #768; Tender Date 13 May 2021

NZ Govt Bond Tender #768; Tender Date 13 May 2021

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 768 held on May 13, 2021.

Tender Date: Thursday, May 13, 2021.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, May 18, 2021

 

(1) Series Offered : 0.5% 15 May 2026

  May 13 - #768
Series Offered  
Total Amount offered ($million) 100
Total Amount Allocated ($million) 100
Total Number of bids Received 29
Total Amount of bids Received ($million) 495
Total Number of Successful bids 7
Highest Yield Accepted (%) 1.0650
Lowest Yield Accepted (%) 1.0600
Highest Yield Rejected (%) 1.1200
Lowest Yield Rejected (%) 1.0650
Weighted Average Accepted Yield (%) 1.0640
Weighted Average Rejected Yield (%) 1.0825
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* 43.80
Coverage ratio 4.95

 

(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031

  May 13 - #768 Apr 29 - #766 Apr 15 - #764 Apr 1 - #762
Series Offered : 1.50% 15 May 2031        
Total Amount Offered ($million) 100 100 100 100
Total Amount Allocated ($million) 100 100 100 100
Total Number of Bids Received 27 25 32 24
Total Amount of Bids Received ($million) 385 315 435 275
Total Number of Successful Bids 5 4 9 11
Highest Yield Accepted (%) 1.8675 1.6100 1.7000 1.8225
Lowest Yield Accepted (%) 1.8650 1.6000 1.6850 1.8025
Highest Yield Rejected (%) 1.9325 1.6650 1.7550 1.8825
Lowest Yield Rejected (%) 1.8675 1.6100 1.7000 1.8825
Weighted Average Accepted Yield (%) 1.8674 1.6092 1.6931 1.8155
Weighted Average Rejected Yield (%) 1.8921 1.6305 1.7173 1.8454
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 73.10 83.00 10.00 42.90
Coverage ratio 3.85 3.15 4.35 2.75

 

(3) Series Offered : 3.50% 14 Apr 2033

  May 13 - #768 Apr 29 - #766 Apr 15 - #764 Apr 1 - #762
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 22 23 33 26
Total Amount of Bids Received ($million) 250 257 380 190
Total Number of Successful Bids 2 3 12 13
Highest Yield Accepted (%) 2.1050 1.8475 1.9450 2.0700
Lowest Yield Accepted (%) 2.1050 1.8450 1.9200 2.0325
Highest Yield Rejected (%) 2.1800 1.9025 1.9950 2.1200
Lowest Yield Rejected (%) 2.1050 1.8475 1.9500 2.0750
Weighted Average Accepted Yield (%) 2.1050 1.8474 1.9322 2.0546
Weighted Average Rejected Yield (%) 2.1322 1.8700 1.9688 2.0925
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 95.20 90.50 100.00 100.00
Coverage ratio 2.50 2.57 3.80 1.90

 

 

(4) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2040

  #768 #766 #764 #760
Series offered May 13, 2021 Apr 29, 2021 Apr 15, 2021 Apr 1, 2021
Total Amount Offered ($mln) 50 50 50 50
Total Amount Allocated ($mln) 50 50 50 50
Total Number of Bids Received 32 38 19 20
Total Amount of Bids Received ($mln) 186 193 140 61
Total Number of Successful Bids 3 12 11 18
Highest Yield Accepted (%) 0.8700 0.9550 1.0700 1.0400
Lowest Yield Accepted (%) 0.8700 0.9350 1.0000 0.9300
Highest Yield Rejected (%) 1.0775 1.1400 1.1175 1.0500
Lowest Yield Rejected (%) 0.8700 0.9550 1.0700 1.0400
Weighted Average Accepted Yield (%) 0.8700 0.9468 1.0450 1.0113
Weighted Average Rejected Yield (%) 0.9269 1.0172 1.0988 1.0468
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 62.50 17.90 10.00 80.00
Coverage Ratio 3.72 3.80 2.80 1.22

*Individual allotments may vary due to rounding.

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