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NZ Govt Bond Tender #787; Tender Date 7 Oct 2021

Bonds
NZ Govt Bond Tender #787; Tender Date 7 Oct 2021

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 787 held on Oct 7, 2021.

Tender Date: Thursday, Oct 7, 2021.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Oct 12, 2021

 

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

  Oct 7- #785 Sep 23- #785 Sep 9- #784 Aug 26- #782
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 28 26 26 29
Total Amount of bids Received ($million) 570 1134 950 585
Total Number of Successful bids 15 3 2 14
Highest Yield Accepted (%) 1.1650 1.2225 1.3100 1.1225
Lowest Yield Accepted (%) 1.1400 1.2050 1.3100 1.1100
Highest Yield Rejected (%) 1.2200 1.2550 1.3600 1.1650
Lowest Yield Rejected (%) 1.1650 1.2225 1.3100 1.1225
Weighted Average Accepted Yield (%) 1.1544 1.2074 1.3100 1.1175
Weighted Average Rejected Yield (%) 1.1781 1.2349 1.3296 1.1372
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* 12.50 80.00 90.90 83.30
Coverage ratio 2.85 5.67 4.75 2.92

 

(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032

  Oct 7- #787
Series Offered : 2.00% 15 May 2032  
Total Amount Offered ($million) 200
Total Amount Allocated ($million) 200
Total Number of Bids Received 45
Total Amount of Bids Received ($million) 542
Total Number of Successful Bids 11
Highest Yield Accepted (%) 2.1025
Lowest Yield Accepted (%) 2.0900
Highest Yield Rejected (%) 2.1900
Lowest Yield Rejected (%) 2.1025
Weighted Average Accepted Yield (%) 2.1000
Weighted Average Rejected Yield (%) 2.1239
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 84.00
Coverage ratio 2.71

 

(3) Series Offered : 1.75% 15 May 2041

  Oct 7 - #787 Mar 25 - #761 Mar11 - #759 Feb 25 - #757
Series Offered : 1.75% 15 May 2041        
Total Amount Offered ($million) 100 100 100 100
Total Amount Allocated ($million) 100 100 100 100
Total Number of Bids Received 33 27 45 37
Total Amount of Bids Received ($million) 302 215 454 258
Total Number of Successful Bids 1 10 14 2
Highest Yield Accepted (%) 2.5775 2.4425 2.5850 2.7325
Lowest Yield Accepted (%) 2.5775 2.4275 2.5650 2.7325
Highest Yield Rejected (%) 2.6950 2.5375 2.6250 2.8475
Lowest Yield Rejected (%) 2.5800 2.4500 2.5850 2.7325
Weighted Average Accepted Yield (%) 2.5775 2.4348 2.5773 2.7325
Weighted Average Rejected Yield (%) 2.6051 2.4865 2.6002 2.7666
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100.00 100.00 75.00 80.00
Coverage ratio 3.02 2.15 4.54 2.58

 

 

*Individual allotments may vary due to rounding.

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