Bonds
NZ Govt Bond Tender #770; Tender Date 27 May 2021
27th May 21, 2:32pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 770 held on May 27, 2021.
Tender Date: Thursday, May 27, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Jun 1, 2021
(1) Series Offered : 0.5% 15 May 2026
| May 27 - #770 | May 13 - #768 | |
| Series Offered | ||
| Total Amount offered ($million) | 100 | 100 |
| Total Amount Allocated ($million) | 100 | 100 |
| Total Number of bids Received | 19 | 29 |
| Total Amount of bids Received ($million) | 325 | 495 |
| Total Number of Successful bids | 7 | 7 |
| Highest Yield Accepted (%) | 1.1350 | 1.0650 |
| Lowest Yield Accepted (%) | 1.1250 | 1.0600 |
| Highest Yield Rejected (%) | 1.1850 | 1.1200 |
| Lowest Yield Rejected (%) | 1.1350 | 1.0650 |
| Weighted Average Accepted Yield (%) | 1.1310 | 1.0640 |
| Weighted Average Rejected Yield (%) | 1.1570 | 1.0825 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 73.30 | 43.80 |
| Coverage ratio | 3.25 | 4.95 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| May 27 - #770 | May 13 - #768 | Apr 29 - #766 | Apr 15 - #764 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 100 | 100 | 100 | 100 |
| Total Amount Allocated ($million) | 100 | 100 | 100 | 100 |
| Total Number of Bids Received | 42 | 27 | 25 | 32 |
| Total Amount of Bids Received ($million) | 305 | 385 | 315 | 435 |
| Total Number of Successful Bids | 17 | 5 | 4 | 9 |
| Highest Yield Accepted (%) | 1.8900 | 1.8675 | 1.6100 | 1.7000 |
| Lowest Yield Accepted (%) | 1.8750 | 1.8650 | 1.6000 | 1.6850 |
| Highest Yield Rejected (%) | 1.9525 | 1.9325 | 1.6650 | 1.7550 |
| Lowest Yield Rejected (%) | 1.8900 | 1.8675 | 1.6100 | 1.7000 |
| Weighted Average Accepted Yield (%) | 1.8838 | 1.8674 | 1.6092 | 1.6931 |
| Weighted Average Rejected Yield (%) | 1.9073 | 1.8921 | 1.6305 | 1.7173 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 73.10 | 83.00 | 10.00 |
| Coverage ratio | 3.05 | 3.85 | 3.15 | 4.35 |
(3) Series Offered : 3.50% 14 Apr 2033
| May 27 - #770 | May 13 - #768 | Apr 29 - #766 | Apr 15 - #764 | |
| 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 | 48 | 22 | 23 | 33 |
| Total Amount of Bids Received ($million) | 463 | 250 | 257 | 380 |
| Total Number of Successful Bids | 7 | 2 | 3 | 12 |
| Highest Yield Accepted (%) | 2.1000 | 2.1050 | 1.8475 | 1.9450 |
| Lowest Yield Accepted (%) | 2.0925 | 2.1050 | 1.8450 | 1.9200 |
| Highest Yield Rejected (%) | 2.2000 | 2.1800 | 1.9025 | 1.9950 |
| Lowest Yield Rejected (%) | 2.1000 | 2.1050 | 1.8475 | 1.9500 |
| Weighted Average Accepted Yield (%) | 2.0958 | 2.1050 | 1.8474 | 1.9322 |
| Weighted Average Rejected Yield (%) | 2.1183 | 2.1322 | 1.8700 | 1.9688 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 60.00 | 95.20 | 90.50 | 100.00 |
| Coverage ratio | 4.63 | 2.50 | 2.57 | 3.80 |
(4) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2040
| #770 | #768 | #766 | #764 | |
| Series offered | May 27, 2021 | May 13, 2021 | Apr 29, 2021 | Apr 15, 2021 |
| Total Amount Offered ($mln) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($mln) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 14 | 32 | 38 | 19 |
| Total Amount of Bids Received ($mln) | 70 | 186 | 193 | 140 |
| Total Number of Successful Bids | 10 | 3 | 12 | 11 |
| Highest Yield Accepted (%) | 1.0750 | 0.8700 | 0.9550 | 1.0700 |
| Lowest Yield Accepted (%) | 0.9450 | 0.8700 | 0.9350 | 1.0000 |
| Highest Yield Rejected (%) | 1.0950 | 1.0775 | 1.1400 | 1.1175 |
| Lowest Yield Rejected (%) | 1.0800 | 0.8700 | 0.9550 | 1.0700 |
| Weighted Average Accepted Yield (%) | 1.0040 | 0.8700 | 0.9468 | 1.0450 |
| Weighted Average Rejected Yield (%) | 1.0875 | 0.9269 | 1.0172 | 1.0988 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 62.50 | 17.90 | 10.00 |
| Coverage Ratio | 1.40 | 3.72 | 3.80 | 2.80 |
*Individual allotments may vary due to rounding.
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