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NZ Govt Bond Tender #796; Tender Date 9 Dec 2021
9th Dec 21, 4:50pm
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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 796 held on Dec 9, 2021.
Tender Date: Thursday, Dec 9, 2021.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Dec 14, 2021
(1) Series Offered : 0.5% 15 May 2026
| Dec 9 - #796 | Nov 25 - #794 | Nov 11 - #792 | Oct 28 - #790 | |
| Series Offered | ||||
| Total Amount offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of bids Received | 29 | 19 | 27 | 19 |
| Total Amount of bids Received ($million) | 550 | 280 | 380 | 240 |
| Total Number of Successful bids | 9 | 16 | 18 | 15 |
| Highest Yield Accepted (%) | 2.3350 | 2.3000 | 2.3225 | 2.3500 |
| Lowest Yield Accepted (%) | 2.3100 | 2.2550 | 2.2925 | 2.2925 |
| Highest Yield Rejected (%) | 2.4200 | 2.3200 | 2.4000 | 2.4000 |
| Lowest Yield Rejected (%) | 2.3350 | 2.3000 | 2.3225 | 2.3525 |
| Weighted Average Accepted Yield (%) | 2.3259 | 2.2802 | 2.3079 | 2.3186 |
| Weighted Average Rejected Yield (%) | 2.3655 | 2.3038 | 2.3466 | 2.3781 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 83.30 | 47.80 | 50.00 | 100.00 |
| Coverage ratio | 2.75 | 1.4 | 1.9 | 1.20 |
(2) Nominal Bonds - Series Offered : 1.50% 15 May 2031
| Dec 9 - #796 | Nov 11 - #792 | Nov 11 - #792 | Oct 28 - #790 | |
| Series Offered : 1.50% 15 May 2031 | ||||
| Total Amount Offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of Bids Received | 28 | 33 | 36 | 31 |
| Total Amount of Bids Received ($million) | 460 | 560 | 737 | 413 |
| Total Number of Successful Bids | 20 | 22 | 9 | 8 |
| Highest Yield Accepted (%) | 2.4525 | 2.5275 | 2.6000 | 2.5850 |
| Lowest Yield Accepted (%) | 2.4050 | 2.4950 | 2.5925 | 2.5750 |
| Highest Yield Rejected (%) | 2.4900 | 2.5750 | 2.6900 | 2.7150 |
| Lowest Yield Rejected (%) | 2.4550 | 2.5275 | 2.6000 | 2.5850 |
| Weighted Average Accepted Yield (%) | 2.4366 | 2.5178 | 2.5975 | 2.5787 |
| Weighted Average Rejected Yield (%) | 2.4690 | 2.5351 | 2.6223 | 2.6121 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.00. | 7.1 | 53.30 | 14.30 |
| Coverage ratio | 2.30 | 2.80 | 3.68 | 2.06 |
(3) Series Offered : 1.75% 15 May 2041
| Dec 9 - #796 | Nov 18 - #793 | Nov 4 - #791 | Oct 21 - #789 | |
| 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 | 19 | 21 | 26 | 38 |
| Total Amount of Bids Received ($million) | 108 | 180 | 152 | 234 |
| Total Number of Successful Bids | 17 | 6 | 15 | 21 |
| Highest Yield Accepted (%) | 2.8900 | 2.9050 | 2.9200 | 2.8900 |
| Lowest Yield Accepted (%) | 2.8275 | 2.8875 | 2.8800 | 2.8325 |
| Highest Yield Rejected (%) | 2.9225 | 2.9700 | 2.9700 | 3.0600 |
| Lowest Yield Rejected (%) | 2.8900 | 2.9050 | 2.9200 | 2.8900 |
| Weighted Average Accepted Yield (%) | 2.8620 | 2.8935 | 2.8934 | 2.8602 |
| Weighted Average Rejected Yield (%) | 2.9069 | 2.9278 | 2.9305 | 2.9223 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 92.0 | 57.10 | 3.40 | 23.70 |
| Coverage ratio | 1.08 | 1.80 | 1.52 | 2.34 |
*Individual allotments may vary due to rounding.
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