Bonds
NZ Govt Bond Tender #774; Tender Date 1 Jul 2021
1st Jul 21, 2:11pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 774 held on Jul 1, 2021.
Tender Date: Thursday, Jul 1, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Jul 6, 2021
(1) Nominal Bonds - Series Offered : 0.50% 15 May 2024
| Jul 1- #774 | Jun 17- #772 | Jun 3- #771 | May 21- #769 | |
| Series Offered : 0.50% 15 May 2024 | ||||
| Total Amount offered ($million) | 200 | 100 | 100 | 100 |
| Total Amount Allocated ($million) | 200 | 100 | 100 | 100 |
| Total Number of bids Received | 16 | 21 | 25 | 20 |
| Total Amount of bids Received ($million) | 380 | 380 | 445 | 646 |
| Total Number of Successful bids | 9 | 5 | 8 | 5 |
| Highest Yield Accepted (%) | 0.7400 | 0.5550 | 0.5150 | 0.5200 |
| Lowest Yield Accepted (%) | 0.7325 | 0.5525 | 0.5050 | 0.5175 |
| Highest Yield Rejected (%) | 0.7675 | 0.6000 | 0.5775 | 0.5775 |
| Lowest Yield Rejected (%) | 0.7400 | 0.5550 | 0.5175 | 0.5200 |
| Weighted Average Accepted Yield (%) | 0.7370 | 0.5532 | 0.5115 | 0.5195 |
| Weighted Average Rejected Yield (%) | 0.7478 | 0.5753 | 0.5362 | 0.5333 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 50.00 | 60.00 | 100.00 | 84.20 |
| Coverage ratio | 1.90 | 3.80 | 4.45 | 6.46 |
(2) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Jul 1- #774 | Jun 17- #772 | Jun 3- #771 | May 21- #769 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 200 | 100 | 100 | 100 |
| Total Amount Allocated ($million) | 200 | 100 | 100 | 100 |
| Total Number of Bids Received | 28 | 23 | 24 | 26 |
| Total Amount of Bids Received ($million) | 410 | 308 | 255 | 375 |
| Total Number of Successful Bids | 16 | 8 | 9 | 14 |
| Highest Yield Accepted (%) | 1.5475 | 1.4325 | 1.4225 | 1.4675 |
| Lowest Yield Accepted (%) | 1.5175 | 1.4175 | 1.4100 | 1.4525 |
| Highest Yield Rejected (%) | 1.5700 | 1.4800 | 1.4775 | 1.5250 |
| Lowest Yield Rejected (%) | 1.5500 | 1.4325 | 1.4225 | 1.4675 |
| Weighted Average Accepted Yield (%) | 1.5352 | 1.4275 | 1.4145 | 1.4619 |
| Weighted Average Rejected Yield (%) | 1.5568 | 1.4482 | 1.4383 | 1.4791 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 60.60 | 33.30 | 9.10 |
| Coverage ratio | 2.05 | 3.08 | 2.55 | 3.75 |
(3) Series Offered : 2.75% 15 Apr 2037
| Jun 1 - #774 | Jun 17 - #772 | Jun 3 - #771 | May 21 - #769 | |
| 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 | 35 | 21 | 27 | 25 |
| Total Amount of Bids Received ($million) | 254 | 127 | 218 | 280 |
| Total Number of Successful Bids | 18 | 18 | 7 | 4 |
| Highest Yield Accepted (%) | 2.2925 | 2.3500 | 2.3000 | 2.3950 |
| Lowest Yield Accepted (%) | 2.2750 | 2.3150 | 2.2775 | 2.3875 |
| Highest Yield Rejected (%) | 2.3475 | 2.3800 | 2.3750 | 2.4875 |
| Lowest Yield Rejected (%) | 2.2925 | 2.3500 | 2.3075 | 2.3050 |
| Weighted Average Accepted Yield (%) | 2.2852 | 2.3353 | 2.2946 | 2.3938 |
| Weighted Average Rejected Yield (%) | 2.3076 | 2.3567 | 2.3360 | 2.4207 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 60.00 | 55.00 | 100.00 | 72.70 |
| Coverage ratio | 2.54 | 1.27 | 2.18 | 2.80 |
*Individual allotments may vary due to rounding.
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