Bonds
NZ Govt Bond Tender #784; Tender Date 9 Sep 2021
9th Sep 21, 2:16pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 784 held on Sep 9, 2021.
Tender Date: Thursday, Sep 9, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Sep 14, 2021
(1) Nominal Bonds - Series Offered : 0.50% 15 May 2024
| Sep 9- #784 | Aug 26- #782 | Aug 12- #780 | Jul 29- #778 | |
| Series Offered : 0.50% 15 May 2024 | ||||
| Total Amount offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of bids Received | 26 | 29 | 23 | 25 |
| Total Amount of bids Received ($million) | 950 | 585 | 505 | 690 |
| Total Number of Successful bids | 2 | 14 | 9 | 4 |
| Highest Yield Accepted (%) | 1.3100 | 1.1225 | 1.1700 | 0.8825 |
| Lowest Yield Accepted (%) | 1.3100 | 1.1100 | 1.1575 | 0.8775 |
| Highest Yield Rejected (%) | 1.3600 | 1.1650 | 1.2200 | 0.9150 |
| Lowest Yield Rejected (%) | 1.3100 | 1.1225 | 1.1700 | 0.8825 |
| Weighted Average Accepted Yield (%) | 1.3100 | 1.1175 | 1.1651 | 0.8817 |
| Weighted Average Rejected Yield (%) | 1.3296 | 1.1372 | 1.1866 | 0.8933 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 90.90 | 83.30 | 33.30 | 71.10 |
| Coverage ratio | 4.75 | 2.92 | 2.50 | 3.45 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Sep 9- #784 | Aug 26 - #782 | Aug 12 - #780 | Jun 24 - #773 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 200 | 200 | 200 | 100 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 100 |
| Total Number of Bids Received | 26 | 36 | 29 | 27 |
| Total Amount of Bids Received ($million) | 400 | 375 | 417 | 380 |
| Total Number of Successful Bids | 12 | 27 | 14 | 7 |
| Highest Yield Accepted (%) | 1.8875 | 1.6600 | 1.7175 | 1.7900 |
| Lowest Yield Accepted (%) | 1.8775 | 1.6375 | 1.6950 | 1.7850 |
| Highest Yield Rejected (%) | 1.9000 | 1.6800 | 1.7600 | 1.8625 |
| Lowest Yield Rejected (%) | 1.8875 | 1.6600 | 1.7175 | 1.7900 |
| Weighted Average Accepted Yield (%) | 1.8841 | 1.6502 | 1.7078 | 1.7892 |
| Weighted Average Rejected Yield (%) | 1.8917 | 1.6652 | 1.7311 | 1.8150 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 51.70 | 28.20 | 56.00 | 57.70 |
| Coverage ratio | 2.00 | 1.87 | 2.09 | 3.80 |
(3) Series Offered : 2.75% 15 Apr 2037
| Sep 9- #784 | Aug 26 - #782 | Aug 12 - #780 | Jul 29 - #778 | |
| 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 | 28 | 36 | 28 | 24 |
| Total Amount of Bids Received ($million) | 325 | 188 | 158.00 | 218 |
| Total Number of Successful Bids | 7 | 22 | 17 | 2 |
| Highest Yield Accepted (%) | 2.3650 | 2,1750 | 2.1825 | 1.9400 |
| Lowest Yield Accepted (%) | 2.3375 | 2.1450 | 2.1575 | 1.9375 |
| Highest Yield Rejected (%) | 2.4700 | 2.2400 | 2.2300 | 1.9850 |
| Lowest Yield Rejected (%) | 2.3675 | 2.1750 | 2.1825 | 1.9400 |
| Weighted Average Accepted Yield (%) | 2.3492 | 2.1645 | 2.1726 | 1.9398 |
| Weighted Average Rejected Yield (%) | 2.3831 | 2.1967 | 2.2068 | 1.9562 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 26.10 | 80.00 | 90.00 |
| Coverage ratio | 3.25 | 1.88 | 1.58 | 2.18 |
*Individual allotments may vary due to rounding.
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