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NZ Govt Bond Tender #778; Tender Date 29 Jul 2021

NZ Govt Bond Tender #778; Tender Date 29 Jul 2021

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 778 held on Jul 29, 2021.

Tender Date: Thursday, Jul 29, 2021.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Aug 3, 2021

 

(1) Nominal Bonds - Series Offered : 0.50% 15 May 2024

  Jul 29- #778 Jul 15- #776 Jul 1- #774 Jun 17- #772
Series Offered : 0.50% 15 May 2024        
Total Amount offered ($million) 200 200 200 100
Total Amount Allocated ($million) 200 200 200 100
Total Number of bids Received 25 19 16 21
Total Amount of bids Received ($million) 690 495 380 380
Total Number of Successful bids 4 12 9 5
Highest Yield Accepted (%) 0.8825 0.9300 0.7400 0.5550
Lowest Yield Accepted (%) 0.8775 0.9000 0.7325 0.5525
Highest Yield Rejected (%) 0.9150 1.0050 0.7675 0.6000
Lowest Yield Rejected (%) 0.8825 0.9300 0.7400 0.5550
Weighted Average Accepted Yield (%) 0.8817 0.9201 0.7370 0.5532
Weighted Average Rejected Yield (%) 0.8933 0.9427 0.7478 0.5753
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* 71.10 38.90 50.00 60.00
Coverage ratio 3.45 2.47 1.90 3.80

 

(2) Series Offered : 3.00% 20 Apr 2029

  Jul 29 - #778 Jul 15 - #776 Jul 1 - #774 Mar 18 - #760
Series Offered : 3.00% 20 Apr 2029        
Total Amount Offered ($million) 200 200 200 150
Total Amount Allocated ($million) 200 200 200 150
Total Number of Bids Received 27 26 28 28
Total Amount of Bids Received ($million) 390 280 410 435
Total Number of Successful Bids 5 24 16 5
Highest Yield Accepted (%) 1.3675 1.4950 1.5475 1.4975
Lowest Yield Accepted (%) 1.3600 1.4475 1.5175 1.4900
Highest Yield Rejected (%) 1.4000 1.5000 1.5700 1.5625
Lowest Yield Rejected (%) 1.3675 1.4950 1.5500 1.4975
Weighted Average Accepted Yield (%) 1.3671 1.4703 1.5352 1.4967
Weighted Average Rejected Yield (%) 1.3784 1.4998 1.5568 1.5209
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 86.00 40.00 100.00 77.40
Coverage ratio 1.95 1.40 2.05 2.90

 

(3) Series Offered : 2.75% 15 Apr 2037

  Jul 29 - #778 Jul 15 - #776 Jun 1 - #774 Jun 17 - #772
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 24 26 35 21
Total Amount of Bids Received ($million) 218 297 254 127
Total Number of Successful Bids 2 6 18 18
Highest Yield Accepted (%) 1.9400 2.0975 2.2925 2.3500
Lowest Yield Accepted (%) 1.9375 2.0700 2.2750 2.3150
Highest Yield Rejected (%) 1.9850 2.1700 2.3475 2.3800
Lowest Yield Rejected (%) 1.9400 2.0975 2.2925 2.3500
Weighted Average Accepted Yield (%) 1.9398 2.0944 2.2852 2.3353
Weighted Average Rejected Yield (%) 1.9562 2.1189 2.3076 2.3567
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 90.00 70.00 60.00 55.00
Coverage ratio 2.18 2.97 2.54 1.27

 

 

 

*Individual allotments may vary due to rounding.

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