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NZ Govt Bond Tender #788; Tender Date 14 Oct 2021

NZ Govt Bond Tender #788; Tender Date 14 Oct 2021

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 788 held on Oct 14, 2021.

Tender Date: Thursday, Oct 14, 2021.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Oct 19, 2021

 

(1) Series Offered : 0.5% 15 May 2026

  Oct 14 - #788 Sep 30 - #786 Sep 2 - #783 Aug 19 - #781
Series Offered        
Total Amount offered ($million) 200 200 200 200
Total Amount Allocated ($million) 200 200 200 200
Total Number of bids Received 31 25 26 25
Total Amount of bids Received ($million) 424 825 450 460
Total Number of Successful bids 16 10 7 19
Highest Yield Accepted (%) 1.6925 1.5325 1.4275 1.3050
Lowest Yield Accepted (%) 1.6725 1.5175 1.4200 1.2750
Highest Yield Rejected (%) 1.7425 1.5650 1.4650 1.3200
Lowest Yield Rejected (%) 1.6925 1.5325 1.4275 1.3050
Weighted Average Accepted Yield (%) 1.6876 1.5255 1.4265 1.2901
Weighted Average Rejected Yield (%) 1.7048 1.5386 1.4410 1.3136
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* 42,70 40.00 73.80 21.60
Coverage ratio 2.12 4.12 2.25 2.30

 

(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031

  Oct 14 - #788

Sep 23 - #785

Sep 9- #784 Aug 26 - #782
Series Offered : 1.50% 15 May 2031        
Total Amount Offered ($million) 200 200 200 200
Total Amount Allocated ($million) 200 200 200 200
Total Number of Bids Received 33 31 26 36
Total Amount of Bids Received ($million) 375 470 400 375
Total Number of Successful Bids 17 3 12 27
Highest Yield Accepted (%) 2.1375 1.8300 1.8875 1.6600
Lowest Yield Accepted (%) 2.1250 1.8200 1.8775 1.6375
Highest Yield Rejected (%) 2.1800 1.8600 1.9000 1.6800
Lowest Yield Rejected (%) 2.1375 1.8300 1.8875 1.6600
Weighted Average Accepted Yield (%) 2.1337 1.8250 1.8841 1.6502
Weighted Average Rejected Yield (%) 2.1489 1.8452 1.8917 1.6652
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 65.60 90.90 51.70 28.20
Coverage ratio 1.87 2.35 2.00 1.87

 

(3) Series Offered : 2.75% 15 Apr 2037

  Oct 15 - #788 Sep 23- #785 Sep 9- #784 Aug 26 - #782
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 22 22 28 36
Total Amount of Bids Received ($million) 105 187 325 188
Total Number of Successful Bids 21 6 7 22
Highest Yield Accepted (%) 2.5125 2.1925 2.3650 2,1750
Lowest Yield Accepted (%) 2.4575 2.1700 2.3375 2.1450
Highest Yield Rejected (%) 2.5200 2.2300 2.4700 2.2400
Lowest Yield Rejected (%) 2.5200 2.1950 2.3675 2.1750
Weighted Average Accepted Yield (%) 2.4855 2.1764 2.3492 2.1645
Weighted Average Rejected Yield (%) 2.5200 2.2023 2.3831 2.1967
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100.00 100.00 100.00 26.10
Coverage ratio 1.05 1.87 3.25 1.88

*Individual allotments may vary due to rounding.

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