Bonds
NZ Govt Bond Tender #785; Tender Date 23 Sep 2021
23rd Sep 21, 2:16pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 785 held on Sep 23, 2021.
Tender Date: Thursday, Sep 23, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Sep 28, 2021
(1) Nominal Bonds - Series Offered : 0.50% 15 May 2024
| Sep 23- #785 | Sep 9- #784 | Aug 26- #782 | Aug 12- #780 | |
| 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 | 26 | 29 | 23 |
| Total Amount of bids Received ($million) | 1134 | 950 | 585 | 505 |
| Total Number of Successful bids | 3 | 2 | 14 | 9 |
| Highest Yield Accepted (%) | 1.2225 | 1.3100 | 1.1225 | 1.1700 |
| Lowest Yield Accepted (%) | 1.2050 | 1.3100 | 1.1100 | 1.1575 |
| Highest Yield Rejected (%) | 1.2550 | 1.3600 | 1.1650 | 1.2200 |
| Lowest Yield Rejected (%) | 1.2225 | 1.3100 | 1.1225 | 1.1700 |
| Weighted Average Accepted Yield (%) | 1.2074 | 1.3100 | 1.1175 | 1.1651 |
| Weighted Average Rejected Yield (%) | 1.2349 | 1.3296 | 1.1372 | 1.1866 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 80.00 | 90.90 | 83.30 | 33.30 |
| Coverage ratio | 5.67 | 4.75 | 2.92 | 2.50 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
|
Sep 23 - #785 |
Sep 9- #784 | Aug 26 - #782 | Aug 12 - #780 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of Bids Received | 31 | 26 | 36 | 29 |
| Total Amount of Bids Received ($million) | 470 | 400 | 375 | 417 |
| Total Number of Successful Bids | 3 | 12 | 27 | 14 |
| Highest Yield Accepted (%) | 1.8300 | 1.8875 | 1.6600 | 1.7175 |
| Lowest Yield Accepted (%) | 1.8200 | 1.8775 | 1.6375 | 1.6950 |
| Highest Yield Rejected (%) | 1.8600 | 1.9000 | 1.6800 | 1.7600 |
| Lowest Yield Rejected (%) | 1.8300 | 1.8875 | 1.6600 | 1.7175 |
| Weighted Average Accepted Yield (%) | 1.8250 | 1.8841 | 1.6502 | 1.7078 |
| Weighted Average Rejected Yield (%) | 1.8452 | 1.8917 | 1.6652 | 1.7311 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 90.90 | 51.70 | 28.20 | 56.00 |
| Coverage ratio | 2.35 | 2.00 | 1.87 | 2.09 |
(3) Series Offered : 2.75% 15 Apr 2037
| Sep 23- #785 | Sep 9- #784 | Aug 26 - #782 | Aug 12 - #780 | |
| 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 | 28 | 36 | 28 |
| Total Amount of Bids Received ($million) | 187 | 325 | 188 | 158.00 |
| Total Number of Successful Bids | 6 | 7 | 22 | 17 |
| Highest Yield Accepted (%) | 2.1925 | 2.3650 | 2,1750 | 2.1825 |
| Lowest Yield Accepted (%) | 2.1700 | 2.3375 | 2.1450 | 2.1575 |
| Highest Yield Rejected (%) | 2.2300 | 2.4700 | 2.2400 | 2.2300 |
| Lowest Yield Rejected (%) | 2.1950 | 2.3675 | 2.1750 | 2.1825 |
| Weighted Average Accepted Yield (%) | 2.1764 | 2.3492 | 2.1645 | 2.1726 |
| Weighted Average Rejected Yield (%) | 2.2023 | 2.3831 | 2.1967 | 2.2068 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00 | 100.00 | 26.10 | 80.00 |
| Coverage ratio | 1.87 | 3.25 | 1.88 | 1.58 |
*Individual allotments may vary due to rounding.
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