Bonds
NZ Govt Bond Tender #738; Tender Date 17 Sep 2020
17th Sep 20, 2:13pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 738 held on Sep 17, 2020.
Tender Date: Thursday, Sep 17, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Sep 22, 2020
(1) Series Offered : 2.75% 15 Apr 2023
| Sep 17 - #738 | Sep 03 - #737 | Aug 21 - #736 | Aug 06 - #734 | |
| Series Offered | 5.50% 15 Apr 2023 | 5.50% 15 Apr 2023 | 5.50% 15 Apr 2023 | 5.50% 15 Apr 2023 |
| Total Amount Offered ($million) | 450 | 450 | 450 | 450 |
| Total Amount Allocated ($million) | 450 | 450 | 450 | 450 |
| Total Number of Bids Received | 36 | 34 | 27 | 38 |
| Total Amount of Bids Received ($million) | 1050 | 1065 | 950 | 1642 |
| Total Number of Successful Bids | 18 | 16 | 12 | 7 |
| Highest Yield Accepted (%) | -0.0150 | 0.0850 | 0.0600 | 03225 |
| Lowest Yield Accepted (%) | -0.0325 | 0.0675 | 0.0525 | 0.3175 |
| Highest Yield Rejected (%) | 0.0100 | 0.1400 | 0.0725 | 0.3600 |
| Lowest Yield Rejected (%) | -0.0150 | 0.0850 | 0.0600 | 0.3225 |
| Weighted Average Accepted Yield (%) | -0.0213 | 0.0779 | 0.0582 | 0.3215 |
| Weighted Average Rejected Yield (%) | -0.0087 | 0.1007 | 0.0667 | 0.3321 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 71.40 | 32.80 | 88.40 | 56.90 |
| Coverage ratio | 2.33 | 2.37 | 2.11 | 3.65 |
(2) Series Offered : 3.00% 20 Apr 2029
| Sep 17 - #738 | Sep 03 - #737 | Aug 21 - #736 | Aug 06 - #734 | |
| Series Offered | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 |
| Total Amount Offered ($million) | 350 | 350 | 350 | 350 |
| Total Amount Allocated ($million) | 350 | 350 | 350 | 350 |
| Total Number of Bids Received | 72 | 62 | 78 | 66 |
| Total Amount of Bids Received ($million) | 1066 | 1048 | 885 | 1029 |
| Total Number of Successful Bids | 23 | 24 | 32 | 24 |
| Highest Yield Accepted (%) | 0.4200 | 0.4925 | 0.4850 | 0.6675 |
| Lowest Yield Accepted (%) | 0.4050 | 0.4700 | 0.4650 | 0.6550 |
| Highest Yield Rejected (%) | 0.4925 | 0.5500 | 0.5500 | 0.7800 |
| Lowest Yield Rejected (%) | 0.4200 | 0.4925 | 0.4850 | 0.6675 |
| Weighted Average Accepted Yield (%) | 0.4128 | 0.4848 | 0.4796 | 0.6627 |
| Weighted Average Rejected Yield (%) | 0.4432 | 0.5103 | 0.5044 | 0.6950 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 96.20 | 57.00 | 84.80 | 60.00 |
| Coverage ratio | 3.05 | 2.99 | 2.53 | 2.94 |
(3) Series Offered : 3.50% 14 Apr 2033
| Sep 17 - #738 | Sep 03 - #737 | Aug 21 - #736 | Aug 6 - #734 | |
| Series Offered | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 |
| Total Amount Offered ($million) | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 44 | 31 | 59 | 52 |
| Total Amount of Bids Received ($million) | 734 | 258 | 414 | 472 |
| Total Number of Successful Bids | 12 | 24 | 27 | 19 |
| Highest Yield Accepted (%) | 0.7725 | 0.8500 | 0.7550 | 0.8950 |
| Lowest Yield Accepted (%) | 0.7625 | 0.7850 | 0.7300 | 0.8800 |
| Highest Yield Rejected (%) | 0.8250 | 0.8900 | 0.8050 | 1.0200 |
| Lowest Yield Rejected (%) | 0.7725 | 0.8500 | 0.7550 | 0.8950 |
| Weighted Average Accepted Yield (%) | 0.7658 | 0.8172 | 0.7463 | 0.8886 |
| Weighted Average Rejected Yield (%) | 0.7896 | 0.8683 | 0.7742 | 0.9302 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 20.00 | 20.00 | 84.80 | 42.90 |
| Coverage ratio | 4.89 | 1.72 | 2.76 | 3.15 |
*Individual allotments may vary due to rounding.
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