Bonds
NZ Govt Bond Tender #779; Tender Date 5 Aug 2021
5th Aug 21, 2:11pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 779 held on Aug 5, 2021.
Tender Date: Thursday, Aug 5, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Aug 10, 2021
(1) Series Offered : 0.5% 15 May 2026
| Aug 5 - #779 | Jul 22 - #777 | Jul 8 - #775 | Jun 24 - #773 | |
| Series Offered | ||||
| Total Amount offered ($million) | 200 | 200 | 200 | 100 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 100 |
| Total Number of bids Received | 25 | 25 | 24 | 21 |
| Total Amount of bids Received ($million) | 515 | 530 | 717 | 408 |
| Total Number of Successful bids | 13 | 10 | 8 | 8 |
| Highest Yield Accepted (%) | 1.2500 | 1.1600 | 1.0950 | 1.1000 |
| Lowest Yield Accepted (%) | 1.2275 | 1.1400 | 1.0875 | 1.0850 |
| Highest Yield Rejected (%) | 1.2725 | 1.2000 | 1.1300 | 1.1525 |
| Lowest Yield Rejected (%) | 1.2500 | 1.1600 | 1.0950 | 1.1000 |
| Weighted Average Accepted Yield (%) | 1.2422 | 1.1526 | 1.0919 | 1.0936 |
| Weighted Average Rejected Yield (%) | 1.2542 | 1.1681 | 1.1013 | 1.1264 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 29.50 | 20.60 | 22.90 | 52.50 |
| Coverage ratio | 2.57 | 2.65 | 3.58 | 4.08 |
(2) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Aug 5 - #779 | Jul 22- #777 | Jul 8- #775 | Jun 17- #772 | |
| Series Offered : 0.25% 15 May 2028 | ||||
| Total Amount Offered ($million) | 200 | 200 | 200 | 100 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 100 |
| Total Number of Bids Received | 28 | 28 | 24 | 23 |
| Total Amount of Bids Received ($million) | 535 | 716 | 665 | 308 |
| Total Number of Successful Bids | 13 | 4 | 2 | 8 |
| Highest Yield Accepted (%) | 1.4525 | 1.3725 | 1.3550 | 1.4325 |
| Lowest Yield Accepted (%) | 1.4275 | 1.3620 | 1.3525 | 1.4175 |
| Highest Yield Rejected (%) | 1.4800 | 1.4200 | 1.3950 | 1.4800 |
| Lowest Yield Rejected (%) | 1.4525 | 1.3825 | 1.3550 | 1.4325 |
| Weighted Average Accepted Yield (%) | 1.4493 | 1.3688 | 1.3544 | 1.4275 |
| Weighted Average Rejected Yield (%) | 1.4658 | 1.3923 | 1.3747 | 1.4482 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 79.30 | 100.00 | 77.50 | 60.60 |
| Coverage ratio | 2.67 | 3.58 | 3.33 | 3.08 |
(3) Series Offered : 3.50% 14 Apr 2033
| Aug 5 - #779 | Jul 22 - #777 | Jul 8 - #775 | Jun 24 - #773 | |
| 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 | 22 | 32 | 31 | 18 |
| Total Amount of Bids Received ($million) | 220 | 432 | 338 | 205 |
| Total Number of Successful Bids | 9 | 2 | 1 | 2 |
| Highest Yield Accepted (%) | 1.7600 | 1.7300 | 1.7625 | 1.9625 |
| Lowest Yield Accepted (%) | 1.7375 | 1.7250 | 1.7625 | 1.9625 |
| Highest Yield Rejected (%) | 1.8150 | 1.8075 | 1.8425 | 2.0100 |
| Lowest Yield Rejected (%) | 1.7600 | 1.7425 | 1.7675 | 1.9625 |
| Weighted Average Accepted Yield (%) | 1.7556 | 1.7275 | 1.7625 | 1.9625 |
| Weighted Average Rejected Yield (%) | 1.7717 | 1.7584 | 1.7865 | 1.9835 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 63.60 | 100.00 | 100.00 | 95.20 |
| Coverage ratio | 2.20 | 4.32 | 3.38 | 2.05 |
(4) Inflation-Indexed Bonds - Series Offered : 2.50% 20 Sep 2040
| #779 | #777 | #775 | #773 | |
| Series offered | Aug 5, 2021 | Jul 22, 2021 | Jul 8, 2021 | Jun 24, 2021 |
| Total Amount Offered ($mln) | 50 | 50 | 50 | 50 |
| Total Amount Allocated ($mln) | 50 | 50 | 50 | 50 |
| Total Number of Bids Received | 21 | 33 | 25 | 21 |
| Total Amount of Bids Received ($mln) | 73 | 140 | 85 | 69 |
| Total Number of Successful Bids | 14 | 6 | 17 | 14 |
| Highest Yield Accepted (%) | 0.7100 | 0.6850 | 1.0800 | 1.1600 |
| Lowest Yield Accepted (%) | 0.6100 | 0.6500 | 0.9600 | 1.0200 |
| Highest Yield Rejected (%) | 0.7500 | 0.8350 | 1.1400 | 1.1900 |
| Lowest Yield Rejected (%) | 0.7200 | 0.6850 | 1.0800 | 1.1600 |
| Weighted Average Accepted Yield (%) | 0.6764 | 0.6641 | 1.0382 | 1.1228 |
| Weighted Average Rejected Yield (%) | 0.7343 | 0.7616 | 1.1108 | 1.1679 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 50.00 | 50.00 | 16.70 |
| Coverage Ratio | 1.46 | 2.80 | 1.70 | 1.38 |
*Individual allotments may vary due to rounding.
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