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NZ Govt Bond Tender #773; Tender Date 24 May 2021

Bonds
NZ Govt Bond Tender #773; Tender Date 24 May 2021

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 773 held on Jun 24, 2021.

Tender Date: Thursday, Jun 24, 2021.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Jun 29, 2021

 

(1) Series Offered : 0.5% 15 May 2026

  Jun 24 - #773 May 13 - #768
Series Offered    
Total Amount offered ($million) 100 100
Total Amount Allocated ($million) 100 100
Total Number of bids Received 21 29
Total Amount of bids Received ($million) 408 495
Total Number of Successful bids 8 7
Highest Yield Accepted (%) 1.1000 1.0650
Lowest Yield Accepted (%) 1.0850 1.0600
Highest Yield Rejected (%) 1.1525 1.1200
Lowest Yield Rejected (%) 1.1000 1.0650
Weighted Average Accepted Yield (%) 1.0936 1.0640
Weighted Average Rejected Yield (%) 1.1264 1.0825
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* 52.50 43.80
Coverage ratio 4.08 4.95

 

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

  Jun 24 - #773 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 27 27 25 32
Total Amount of Bids Received ($million) 380 385 315 435
Total Number of Successful Bids 7 5 4 9
Highest Yield Accepted (%) 1.7900 1.8675 1.6100 1.7000
Lowest Yield Accepted (%) 1.7850 1.8650 1.6000 1.6850
Highest Yield Rejected (%) 1.8625 1.9325 1.6650 1.7550
Lowest Yield Rejected (%) 1.7900 1.8675 1.6100 1.7000
Weighted Average Accepted Yield (%) 1.7892 1.8674 1.6092 1.6931
Weighted Average Rejected Yield (%) 1.8150 1.8921 1.6305 1.7173
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 57.70 73.10 83.00 10.00
Coverage ratio 3.80 3.85 3.15 4.35

 

(3) Series Offered : 3.50% 14 Apr 2033

  Jun 24 - #773 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 18 22 23 33
Total Amount of Bids Received ($million) 205 250 257 380
Total Number of Successful Bids 2 2 3 12
Highest Yield Accepted (%) 1.9625 2.1050 1.8475 1.9450
Lowest Yield Accepted (%) 1.9625 2.1050 1.8450 1.9200
Highest Yield Rejected (%) 2.0100 2.1800 1.9025 1.9950
Lowest Yield Rejected (%) 1.9625 2.1050 1.8475 1.9500
Weighted Average Accepted Yield (%) 1.9625 2.1050 1.8474 1.9322
Weighted Average Rejected Yield (%) 1.9835 2.1322 1.8700 1.9688
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 95.20 95.20 90.50 100.00
Coverage ratio 2.05 2.50 2.57 3.80

 

 

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

  #773 #768 #766 #764
Series offered Jun 24, 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 21 32 38 19
Total Amount of Bids Received ($mln) 69 186 193 140
Total Number of Successful Bids 14 3 12 11
Highest Yield Accepted (%) 1.1600 0.8700 0.9550 1.0700
Lowest Yield Accepted (%) 1.0200 0.8700 0.9350 1.0000
Highest Yield Rejected (%) 1.1900 1.0775 1.1400 1.1175
Lowest Yield Rejected (%) 1.1600 0.8700 0.9550 1.0700
Weighted Average Accepted Yield (%) 1.1228 0.8700 0.9468 1.0450
Weighted Average Rejected Yield (%) 1.1679 0.9269 1.0172 1.0988
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 16.70 62.50 17.90 10.00
Coverage Ratio 1.38 3.72 3.80 2.80

*Individual allotments may vary due to rounding.

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