Bonds
NZ Govt Bond Tender #789; Tender Date 21 Oct 2021
21st Oct 21, 2:10pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 789 held on Oct 21, 2021.
Tender Date: Thursday, Oct 21, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Oct 27, 2021
(1) Nominal Bonds - Series Offered : 0.50% 15 May 2024
| Oct 21- #789 | Oct 7- #785 | Sep 23- #785 | Sep 9- #784 | |
| 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 | 24 | 28 | 26 | 26 |
| Total Amount of bids Received ($million) | 690 | 570 | 1134 | 950 |
| Total Number of Successful bids | 10 | 15 | 3 | 2 |
| Highest Yield Accepted (%) | 1.7450 | 1.1650 | 1.2225 | 1.3100 |
| Lowest Yield Accepted (%) | 1.7275 | 1.1400 | 1.2050 | 1.3100 |
| Highest Yield Rejected (%) | 1.7875 | 1.2200 | 1.2550 | 1.3600 |
| Lowest Yield Rejected (%) | 1.7450 | 1.1650 | 1.2225 | 1.3100 |
| Weighted Average Accepted Yield (%) | 1.7386 | 1.1544 | 1.2074 | 1.3100 |
| Weighted Average Rejected Yield (%) | 1.7558 | 1.1781 | 1.2349 | 1.3296 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 18.20 | 12.50 | 80.00 | 90.90 |
| Coverage ratio | 3.45 | 2.85 | 5.67 | 4.75 |
(2) Nominal Bonds - Series Offered : 2.00% 15 May 2032
| Oct 21- #789 | Oct 7- #787 | |
| Series Offered : 2.00% 15 May 2032 | ||
| Total Amount Offered ($million) | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 |
| Total Number of Bids Received | 46 | 45 |
| Total Amount of Bids Received ($million) | 345 | 542 |
| Total Number of Successful Bids | 30 | 11 |
| Highest Yield Accepted (%) | 2.5200 | 2.1025 |
| Lowest Yield Accepted (%) | 2.4800 | 2.0900 |
| Highest Yield Rejected (%) | 2.7000 | 2.1900 |
| Lowest Yield Rejected (%) | 2.5200 | 2.1025 |
| Weighted Average Accepted Yield (%) | 2.5005 | 2.1000 |
| Weighted Average Rejected Yield (%) | 2.5549 | 2.1239 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 33.30 | 84.00 |
| Coverage ratio | 1.72 | 2.71 |
(3) Series Offered : 1.75% 15 May 2041
| Oct 21 - #789 | Oct 7 - #787 | Mar 25 - #761 | Mar11 - #759 | |
| 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 | 38 | 33 | 27 | 45 |
| Total Amount of Bids Received ($million) | 234 | 302 | 215 | 454 |
| Total Number of Successful Bids | 21 | 1 | 10 | 14 |
| Highest Yield Accepted (%) | 2.8900 | 2.5775 | 2.4425 | 2.5850 |
| Lowest Yield Accepted (%) | 2.8325 | 2.5775 | 2.4275 | 2.5650 |
| Highest Yield Rejected (%) | 3.0600 | 2.6950 | 2.5375 | 2.6250 |
| Lowest Yield Rejected (%) | 2.8900 | 2.5800 | 2.4500 | 2.5850 |
| Weighted Average Accepted Yield (%) | 2.8602 | 2.5775 | 2.4348 | 2.5773 |
| Weighted Average Rejected Yield (%) | 2.9223 | 2.6051 | 2.4865 | 2.6002 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 23.70 | 100.00 | 100.00 | 75.00 |
| Coverage ratio | 2.34 | 3.02 | 2.15 | 4.54 |
*Individual allotments may vary due to rounding.
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