Bonds
NZ Govt Bond Tender #783; Tender Date 2 Sep 2021
2nd Sep 21, 2:38pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 783 held on Sep 2, 2021.
Tender Date: Thursday, Sep 2, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Sep 7, 2021
(1) Series Offered : 0.5% 15 May 2026
| Sep 2 - #783 | Aug 19 - #781 | Aug 5 - #779 | Jul 22 - #777 | |
| Series Offered | ||||
| Total Amount offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of bids Received | 26 | 25 | 25 | 25 |
| Total Amount of bids Received ($million) | 450 | 460 | 515 | 530 |
| Total Number of Successful bids | 7 | 19 | 13 | 10 |
| Highest Yield Accepted (%) | 1.4275 | 1.3050 | 1.2500 | 1.1600 |
| Lowest Yield Accepted (%) | 1.4200 | 1.2750 | 1.2275 | 1.1400 |
| Highest Yield Rejected (%) | 1.4650 | 1.3200 | 1.2725 | 1.2000 |
| Lowest Yield Rejected (%) | 1.4275 | 1.3050 | 1.2500 | 1.1600 |
| Weighted Average Accepted Yield (%) | 1.4265 | 1.2901 | 1.2422 | 1.1526 |
| Weighted Average Rejected Yield (%) | 1.4410 | 1.3136 | 1.2542 | 1.1681 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 73.80 | 21.60 | 29.50 | 20.60 |
| Coverage ratio | 2.25 | 2.30 | 2.57 | 2.65 |
(2) Nominal Bonds - Series Offered : 0.25% 15 May 2028
| Sep 2 - #783 | Aug 19 - #781 | Aug 5 - #779 | Jul 22- #777 | ||
| Series Offered : 0.25% 15 May 2028 | |||||
| Total Amount Offered ($million) | 200 | 200 | 200 | 200 | |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 | |
| Total Number of Bids Received | 26 | 32 | 28 | 28 | |
| Total Amount of Bids Received ($million) | 401 | 340 | 535 | 716 | |
| Total Number of Successful Bids | 15 | 25 | 13 | 4 | |
| Highest Yield Accepted (%) | 1.6375 | 1.4900 | 1.4525 | 1.3725 | |
| Lowest Yield Accepted (%) | 1.6100 | 1.4700 | 1.4275 | 1.3620 | |
| Highest Yield Rejected (%) | 1.6700 | 1.5225 | 1.4800 | 1.4200 | |
| Lowest Yield Rejected (%) | 1.6375 | 1.4900 | 1.4525 | 1.3825 | |
| Weighted Average Accepted Yield (%) | 1.6314 | 1.4808 | 1.4493 | 1.3688 | |
| Weighted Average Rejected Yield (%) | 1.6498 | 1.5002 | 1.4658 | 1.3923 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 98.20 | 50.00 | 79.30 | 100.00 | |
| Coverage ratio | 2.01 | 1.70 | 2.67 | 3.58 |
(3) Series Offered : 3.50% 14 Apr 2033
| Sep 2 - #783 | Aug 19 - #781 | Aug 5 - #779 | Jul 22 - #777 | |
| 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 | 30 | 27 | 22 | 32 |
| Total Amount of Bids Received ($million) | 252 | 201 | 220 | 432 |
| Total Number of Successful Bids | 14 | 20 | 9 | 2 |
| Highest Yield Accepted (%) | 2.0500 | 1.8400 | 1.7600 | 1.7300 |
| Lowest Yield Accepted (%) | 2.0300 | 1.8175 | 1.7375 | 1.7250 |
| Highest Yield Rejected (%) | 2.0850 | 1.8700 | 1.8150 | 1.8075 |
| Lowest Yield Rejected (%) | 2.0500 | 1.8400 | 1.7600 | 1.7425 |
| Weighted Average Accepted Yield (%) | 2.0400 | 1.8270 | 1.7556 | 1.7275 |
| Weighted Average Rejected Yield (%) | 2.0610 | 1.8519 | 1.7717 | 1.7584 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 75.00 | 26.70 | 63.60 | 100.00 |
| Coverage ratio | 2.52 | 2.01 | 2.20 | 4.32 |
*Individual allotments may vary due to rounding.
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