Bonds
NZ Govt Bond Tender #777; Tender Date 22 Jul 2021
22nd Jul 21, 2:12pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 777 held on Jul 22, 2021.
Tender Date: Thursday, Jul 22, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Jul 27, 2021
(1) Series Offered : 0.5% 15 May 2026
| Jul 22 - #777 | Jul 8 - #775 | Jun 24 - #773 | May 13 - #768 | |
| Series Offered | ||||
| Total Amount offered ($million) | 200 | 200 | 100 | 100 |
| Total Amount Allocated ($million) | 200 | 200 | 100 | 100 |
| Total Number of bids Received | 25 | 24 | 21 | 29 |
| Total Amount of bids Received ($million) | 530 | 717 | 408 | 495 |
| Total Number of Successful bids | 10 | 8 | 8 | 7 |
| Highest Yield Accepted (%) | 1.1600 | 1.0950 | 1.1000 | 1.0650 |
| Lowest Yield Accepted (%) | 1.1400 | 1.0875 | 1.0850 | 1.0600 |
| Highest Yield Rejected (%) | 1.2000 | 1.1300 | 1.1525 | 1.1200 |
| Lowest Yield Rejected (%) | 1.1600 | 1.0950 | 1.1000 | 1.0650 |
| Weighted Average Accepted Yield (%) | 1.1526 | 1.0919 | 1.0936 | 1.0640 |
| Weighted Average Rejected Yield (%) | 1.1681 | 1.1013 | 1.1264 | 1.0825 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 20.60 | 22.90 | 52.50 | 43.80 |
| Coverage ratio | 2.65 | 3.58 | 4.08 | 4.95 |
(2) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Jul 22- #777 | Jul 8- #775 | Jun 17- #772 | Jun 3- #771 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 200 | 200 | 100 | 100 |
| Total Amount Allocated ($million) | 200 | 200 | 100 | 100 |
| Total Number of Bids Received | 28 | 24 | 23 | 24 |
| Total Amount of Bids Received ($million) | 716 | 665 | 308 | 255 |
| Total Number of Successful Bids | 4 | 2 | 8 | 9 |
| Highest Yield Accepted (%) | 1.3725 | 1.3550 | 1.4325 | 1.4225 |
| Lowest Yield Accepted (%) | 1.3620 | 1.3525 | 1.4175 | 1.4100 |
| Highest Yield Rejected (%) | 1.4200 | 1.3950 | 1.4800 | 1.4775 |
| Lowest Yield Rejected (%) | 1.3825 | 1.3550 | 1.4325 | 1.4225 |
| Weighted Average Accepted Yield (%) | 1.3688 | 1.3544 | 1.4275 | 1.4145 |
| Weighted Average Rejected Yield (%) | 1.3923 | 1.3747 | 1.4482 | 1.4383 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 77.50 | 60.60 | 33.30 |
| Coverage ratio | 3.58 | 3.33 | 3.08 | 2.55 |
(3) Series Offered : 3.50% 14 Apr 2033
| Jul 22 - #777 | Jul 8 - #775 | Jun 24 - #773 | May 13 - #768 | |
| 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 | 32 | 31 | 18 | 22 |
| Total Amount of Bids Received ($million) | 432 | 338 | 205 | 250 |
| Total Number of Successful Bids | 2 | 1 | 2 | 2 |
| Highest Yield Accepted (%) | 1.7300 | 1.7625 | 1.9625 | 2.1050 |
| Lowest Yield Accepted (%) | 1.7250 | 1.7625 | 1.9625 | 2.1050 |
| Highest Yield Rejected (%) | 1.8075 | 1.8425 | 2.0100 | 2.1800 |
| Lowest Yield Rejected (%) | 1.7425 | 1.7675 | 1.9625 | 2.1050 |
| Weighted Average Accepted Yield (%) | 1.7275 | 1.7625 | 1.9625 | 2.1050 |
| Weighted Average Rejected Yield (%) | 1.7584 | 1.7865 | 1.9835 | 2.1322 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 100.00 | 95.20 | 95.20 |
| Coverage ratio | 4.32 | 3.38 | 2.05 | 2.50 |
(4) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2040
| #777 | #775 | #773 | #768 | |
| Series offered | Jul 22, 2021 | Jul 8, 2021 | Jun 24, 2021 | May 13, 2021 |
| Total Amount Offered ($mln) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($mln) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 33 | 25 | 21 | 32 |
| Total Amount of Bids Received ($mln) | 140 | 85 | 69 | 186 |
| Total Number of Successful Bids | 6 | 17 | 14 | 3 |
| Highest Yield Accepted (%) | 0.6850 | 1.0800 | 1.1600 | 0.8700 |
| Lowest Yield Accepted (%) | 0.6500 | 0.9600 | 1.0200 | 0.8700 |
| Highest Yield Rejected (%) | 0.8350 | 1.1400 | 1.1900 | 1.0775 |
| Lowest Yield Rejected (%) | 0.6850 | 1.0800 | 1.1600 | 0.8700 |
| Weighted Average Accepted Yield (%) | 0.6641 | 1.0382 | 1.1228 | 0.8700 |
| Weighted Average Rejected Yield (%) | 0.7616 | 1.1108 | 1.1679 | 0.9269 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50.00 | 50.00 | 16.70 | 62.50 |
| Coverage Ratio | 2.80 | 1.70 | 1.38 | 3.72 |
*Individual allotments may vary due to rounding.
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