NZ Govt Bond Tender #792; Tender Date 11 Nov 2021

Bonds / news

11th Nov 21, 2:10pm by Suhaimi Mohamad

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 792 held on Nov 11, 2021.

Tender Date: Thursday, Nov 11, 2021.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Nov 16, 2021

(1) Series Offered : 0.5% 15 May 2026

	Nov 11 - #792	Oct 28 - #790	Oct 14 - #788	Sep 30 - #786
Series Offered
Total Amount offered ($million)	200	200	200	200
Total Amount Allocated ($million)	200	200	200	200
Total Number of bids Received	27	19	31	25
Total Amount of bids Received ($million)	380	240	424	825
Total Number of Successful bids	18	15	16	10
Highest Yield Accepted (%)	2.3225	2.3500	1.6925	1.5325
Lowest Yield Accepted (%)	2.2925	2.2925	1.6725	1.5175
Highest Yield Rejected (%)	2.4000	2.4000	1.7425	1.5650
Lowest Yield Rejected (%)	2.3225	2.3525	1.6925	1.5325
Weighted Average Accepted Yield (%)	2.3079	2.3186	1.6876	1.5255
Weighted Average Rejected Yield (%)	2.3466	2.3781	1.7048	1.5386
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield*	50.00	100.00	42,70	40.00
Coverage ratio	1.9	1.20	2.12	4.12

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

	Nov 11 - #792	Oct 28 - #790	Oct 14 - #788	Sep 23 - #785
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	36	31	33	31
Total Amount of Bids Received ($million)	737	413	375	470
Total Number of Successful Bids	9	8	17	3
Highest Yield Accepted (%)	2.6000	2.5850	2.1375	1.8300
Lowest Yield Accepted (%)	2.5925	2.5750	2.1250	1.8200
Highest Yield Rejected (%)	2.6900	2.7150	2.1800	1.8600
Lowest Yield Rejected (%)	2.6000	2.5850	2.1375	1.8300
Weighted Average Accepted Yield (%)	2.5975	2.5787	2.1337	1.8250
Weighted Average Rejected Yield (%)	2.6223	2.6121	2.1489	1.8452
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield*	53.30	14.30	65.60	90.90
Coverage ratio	3.68	2.06	1.87	2.35

(3) Series Offered : 2.75% 15 Apr 2037

	Nov 11 - #792	Oct 28 - #790	Oct 14 - #788	Sep 23- #785
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	23	30	22	22
Total Amount of Bids Received ($million)	172	195	105	187
Total Number of Successful Bids	16	6	21	6
Highest Yield Accepted (%)	2.9500	2.8525	2.5125	2.1925
Lowest Yield Accepted (%)	2.8775	2.8425	2.4575	2.1700
Highest Yield Rejected (%)	3.0000	2.9850	2.5200	2.2300
Lowest Yield Rejected (%)	2.9500	2.8525	2.5200	2.1950
Weighted Average Accepted Yield (%)	2.9216	2.8444	2.4855	2.1764
Weighted Average Rejected Yield (%)	2.9759	2.8933	2.5200	2.2023
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield*	80.00	36.00	100.00	100.00
Coverage ratio	1.72	1.95	1.05	1.87

*Individual allotments may vary due to rounding.

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1 Comments

by treadlightly | 11th Nov 21, 3:31pm 1636597910

The Treasury should not be in the business of issuing debt as it is a monetary procedure and an interest rate mechanism which brings it under the authority of the Reserve Bank.

NZ Govt Bond Tender #792; Tender Date 11 Nov 2021

1 Comments

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