Bonds
NZ Govt Bond Tender #778; Tender Date 29 Jul 2021
29th Jul 21, 2:15pm
by
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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