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Latest bond tender of NZ$200 mln received bids for NZ$851 mln with an average weighted yield of 4.40% (previously 4.37%)

Bonds
Latest bond tender of NZ$200 mln received bids for NZ$851 mln with an average weighted yield of 4.40% (previously 4.37%)

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 518 held on April 17, 2014.

Tender Date: Thursday, April 17, 2014

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, April 22, 2014

  Apr 17- #518 Mar 27 - #516 Feb 27 - #514 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 3.00% 15 Apr 2020 3.00% 15 Apr 2020
Total Amount Offered ($million) 200 200 200 200 200 200
Total Amount Allocated ($million) 200 200 200 200 200 200
Total Number of Bids Received 45 54 53 50 47 38
Total Amount of Bids Received ($million) 851 773 1010 488 663 557
Total Number of Successful Bids 9 19 19 31 15 7
Highest Yield Accepted (%) 4.415 4.390 4.300 4.650 4.560 4.455
Lowest Yield Accepted (%) 4.395 4.355 4.260 4.600 4.530 4.440
Highest Yield Rejected (%) 4.495 4.500 4.435 4.700 4.685 4.590
Lowest Yield Rejected (%) 4.415 4.390 4.300 4.650 4.560 4.455
Weighted Average Accepted Yield (%) 4.4047 4.3696 4.2861 4.6236 4.5469 4.4509
Weighted Average Rejected Yield (%) 4.4383 4.4248 4.3213 4.6741 4.5998 4.4914
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 16 20 12 32 57 86
Coverage ratio 4.255 3.865 5.05 2.44 3.315 2.785

*Individual allotments may vary due to rounding.

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