Bonds
NZ Govt Bond Tender #771; Tender Date 3 Jun 2021
3rd Jun 21, 2:14pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 771 held on Jun 3, 2021.
Tender Date: Thursday, Jun 3, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Jun 9, 2021
(1) Nominal Bonds - Series Offered : 0.50% 15 May 2024
| Jun 3- #771 | May 21- #769 | May 6- #767 | Apr 22- #765 | |
| Series Offered : 0.50% 15 May 2024 | ||||
| Total Amount offered ($million) | 100 | 100 | 100 | 100 |
| Total Amount Allocated ($million) | 100 | 100 | 100 | 100 |
| Total Number of bids Received | 25 | 20 | 23 | 29 |
| Total Amount of bids Received ($million) | 445 | 646 | 420 | 550 |
| Total Number of Successful bids | 8 | 5 | 7 | 4 |
| Highest Yield Accepted (%) | 0.5150 | 0.5200 | 0.4950 | 0.4050 |
| Lowest Yield Accepted (%) | 0.5050 | 0.5175 | 0.4875 | 0.3975 |
| Highest Yield Rejected (%) | 0.5775 | 0.5775 | 0.5425 | 0.4625 |
| Lowest Yield Rejected (%) | 0.5175 | 0.5200 | 0.4950 | 0.4050 |
| Weighted Average Accepted Yield (%) | 0.5115 | 0.5195 | 0.4910 | 0.4031 |
| Weighted Average Rejected Yield (%) | 0.5362 | 0.5333 | 0.5103 | 0.4219 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 100.00 | 84.20 | 50.00 | 53.60 |
| Coverage ratio | 4.45 | 6.46 | 4.23 | 5.50 |
(2) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Jun 3- #771 | May 21- #769 | May 6- #767 | Apr 22- #765 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 100 | 100 | 100 | 100 |
| Total Amount Allocated ($million) | 100 | 100 | 100 | 100 |
| Total Number of Bids Received | 24 | 26 | 27 | 27 |
| Total Amount of Bids Received ($million) | 255 | 375 | 299 | 339 |
| Total Number of Successful Bids | 9 | 14 | 11 | 14 |
| Highest Yield Accepted (%) | 1.4225 | 1.4675 | 1.3525 | 1.1950 |
| Lowest Yield Accepted (%) | 1.4100 | 1.4525 | 1.3375 | 1.1750 |
| Highest Yield Rejected (%) | 1.4775 | 1.5250 | 1.4025 | 1.2600 |
| Lowest Yield Rejected (%) | 1.4225 | 1.4675 | 1.3525 | 1.1950 |
| Weighted Average Accepted Yield (%) | 1.4145 | 1.4619 | 1.3464 | 1.1864 |
| Weighted Average Rejected Yield (%) | 1.4383 | 1.4791 | 1.3680 | 1.2077 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 33.30 | 9.10 | 37.10 | 18.90 |
| Coverage ratio | 2.55 | 3.75 | 2.99 | 3.39 |
(3) Series Offered : 2.75% 15 Apr 2037
| Jun 3 - #771 | May 21 - #769 | May 6 - #767 | Apr 22 - #765 | |
| Series Offered : 2.75% 15 Apr 2037 | ||||
| Total Amount Offered ($million) | 100 | 100 | 100 | 100 |
| Total Amount Allocated ($million) | 100 | 100 | 100 | 100 |
| Total Number of Bids Received | 27 | 25 | 29 | 40 |
| Total Amount of Bids Received ($million) | 218 | 280 | 254 | 364 |
| Total Number of Successful Bids | 7 | 4 | 12 | 18 |
| Highest Yield Accepted (%) | 2.3000 | 2.3950 | 2.2800 | 2.1050 |
| Lowest Yield Accepted (%) | 2.2775 | 2.3875 | 2.2625 | 2.0875 |
| Highest Yield Rejected (%) | 2.3750 | 2.4875 | 2.3425 | 2.1800 |
| Lowest Yield Rejected (%) | 2.3075 | 2.3050 | 2.2800 | 2.1050 |
| Weighted Average Accepted Yield (%) | 2.2946 | 2.3938 | 2.2696 | 2.0994 |
| Weighted Average Rejected Yield (%) | 2.3360 | 2.4207 | 2.2984 | 2.1197 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 72.70 | 6.70 | 52.00 |
| Coverage ratio | 2.18 | 2.80 | 2.54 | 3.64 |
*Individual allotments may vary due to rounding.
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