Bonds
Latest bond tender of NZ$200 mln received bids for NZ$1.01 bln with an average weighted yield of 4.29% (previously 4.6236%)
27th Feb 14, 2:09pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 514 held on February 27, 2014.
Tender Date: Thursday, February 27, 2014
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tues, 4 March, 2014
| Today | Dec 13 - #512 | Nov 28 - #510 | Nov 14 - #508 | |
| Series Offered | 3.00% 15 Apr 2020 | 3.00% 15 Apr 2020 | 3.00% 15 Apr 2020 | 3.00% 15 Apr 2020 |
| Total Amount Offered ($million) | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 |
| Total Number of Bids Received | 53 | 50 | 47 | 38 |
| Total Amount of Bids Received ($million) | 1010 | 488 | 663 | 557 |
| Total Number of Successful Bids | 19 | 31 | 15 | 7 |
| Highest Yield Accepted (%) | 4.300 | 4.650 | 4.560 | 4.455 |
| Lowest Yield Accepted (%) | 4.260 | 4.600 | 4.530 | 4.440 |
| Highest Yield Rejected (%) | 4.435 | 4.700 | 4.685 | 4.590 |
| Lowest Yield Rejected (%) | 4.300 | 4.650 | 4.560 | 4.455 |
| Weighted Average Accepted Yield (%) | 4.2861 | 4.6236 | 4.5469 | 4.4509 |
| Weighted Average Rejected Yield (%) | 4.3213 | 4.6741 | 4.5998 | 4.4914 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 12 | 32 | 57 | 86 |
| Coverage ratio | 5.05 | 2.44 | 3.315 | 2.785 |
*Individual allotments may vary due to rounding.
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