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NZ Govt Bond Tender #794; Tender Date 25 Nov 2021
25th Nov 21, 2:10pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 794 held on Nov 25, 2021.
Tender Date: Thursday, Nov 25, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Nov 30, 2021
(1) Series Offered : 0.5% 15 May 2026
| Nov 25 - #794 | Nov 11 - #792 | Oct 28 - #790 | Oct 14 - #788 | |
| Series Offered | ||||
| Total Amount offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of bids Received | 19 | 27 | 19 | 31 |
| Total Amount of bids Received ($million) | 280 | 380 | 240 | 424 |
| Total Number of Successful bids | 16 | 18 | 15 | 16 |
| Highest Yield Accepted (%) | 2.3000 | 2.3225 | 2.3500 | 1.6925 |
| Lowest Yield Accepted (%) | 2.2550 | 2.2925 | 2.2925 | 1.6725 |
| Highest Yield Rejected (%) | 2.3200 | 2.4000 | 2.4000 | 1.7425 |
| Lowest Yield Rejected (%) | 2.3000 | 2.3225 | 2.3525 | 1.6925 |
| Weighted Average Accepted Yield (%) | 2.2802 | 2.3079 | 2.3186 | 1.6876 |
| Weighted Average Rejected Yield (%) | 2.3038 | 2.3466 | 2.3781 | 1.7048 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 47.80 | 50.00 | 100.00 | 42,70 |
| Coverage ratio | 1.4 | 1.9 | 1.20 | 2.12 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Nov 11 - #792 | Nov 11 - #792 | Oct 28 - #790 | Oct 14 - #788 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of Bids Received | 33 | 36 | 31 | 33 |
| Total Amount of Bids Received ($million) | 560 | 737 | 413 | 375 |
| Total Number of Successful Bids | 22 | 9 | 8 | 17 |
| Highest Yield Accepted (%) | 2.5275 | 2.6000 | 2.5850 | 2.1375 |
| Lowest Yield Accepted (%) | 2.4950 | 2.5925 | 2.5750 | 2.1250 |
| Highest Yield Rejected (%) | 2.5750 | 2.6900 | 2.7150 | 2.1800 |
| Lowest Yield Rejected (%) | 2.5275 | 2.6000 | 2.5850 | 2.1375 |
| Weighted Average Accepted Yield (%) | 2.5178 | 2.5975 | 2.5787 | 2.1337 |
| Weighted Average Rejected Yield (%) | 2.5351 | 2.6223 | 2.6121 | 2.1489 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 7.1 | 53.30 | 14.30 | 65.60 |
| Coverage ratio | 2.80 | 3.68 | 2.06 | 1.87 |
(3) Series Offered : 2.75% 15 Apr 2037
| Nov 25 - #794 | Nov 11 - #792 | Oct 28 - #790 | Oct 14 - #788 | |
| 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 | 27 | 23 | 30 | 22 |
| Total Amount of Bids Received ($million) | 226 | 172 | 195 | 105 |
| Total Number of Successful Bids | 13 | 16 | 6 | 21 |
| Highest Yield Accepted (%) | 2.8250 | 2.9500 | 2.8525 | 2.5125 |
| Lowest Yield Accepted (%) | 2.8075 | 2.8775 | 2.8425 | 2.4575 |
| Highest Yield Rejected (%) | 2.9050 | 3.0000 | 2.9850 | 2.5200 |
| Lowest Yield Rejected (%) | 2.8280 | 2.9500 | 2.8525 | 2.5200 |
| Weighted Average Accepted Yield (%) | 2.8150 | 2.9216 | 2.8444 | 2.4855 |
| Weighted Average Rejected Yield (%) | 2.8525 | 2.9759 | 2.8933 | 2.5200 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 40.30 | 80.00 | 36.00 | 100.00 |
| Coverage ratio | 2.26 | 1.72 | 1.95 | 1.05 |
*Individual allotments may vary due to rounding.
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