sign uplog in
Want to go ad-free? Find out how, here.

NZ Govt Bond Tender #777; Tender Date 22 Jul 2021

NZ Govt Bond Tender #777; Tender Date 22 Jul 2021

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.

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.