Bonds
Latest bond tender of NZ$200 mln received bids for NZ$566 mln with an average weighted yield of 4.11% (previously 4.40%)
16th May 14, 2:21pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 520 held on May 16, 2014.
Tender Date: Friday, May 16, 2014
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wednesday, May 21, 2014
| May 16 - #520 | Apr 17- #518 | Mar 27 - #516 | Feb 27 - #514 | Dec 13 - #512 | Nov 28 - #510 | |
| Series Offered | 3.00% 15 Apr 2020 | 3.00% 15 Apr 2020 | 3.00% 15 Apr 2020 | 3.00% 15 Apr 2020 | 3.00% 15 Apr 2020 | 3.00% 15 Apr 2020 |
| Total Amount Offered ($million) | 200 | 200 | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 | 200 | 200 |
| Total Number of Bids Received | 45 | 45 | 54 | 53 | 50 | 47 |
| Total Amount of Bids Received ($million) | 566 | 851 | 773 | 1010 | 488 | 663 |
| Total Number of Successful Bids | 23 | 9 | 19 | 19 | 31 | 15 |
| Highest Yield Accepted (%) | 4.135 | 4.415 | 4.390 | 4.300 | 4.650 | 4.560 |
| Lowest Yield Accepted (%) | 4.090 | 4.395 | 4.355 | 4.260 | 4.600 | 4.530 |
| Highest Yield Rejected (%) | 4.220 | 4.495 | 4.500 | 4.435 | 4.700 | 4.685 |
| Lowest Yield Rejected (%) | 4.135 | 4.415 | 4.390 | 4.300 | 4.650 | 4.560 |
| Weighted Average Accepted Yield (%) | 4.1135 | 4.4047 | 4.3696 | 4.2861 | 4.6236 | 4.5469 |
| Weighted Average Rejected Yield (%) | 4.1719 | 4.4383 | 4.4248 | 4.3213 | 4.6741 | 4.5998 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 40 | 16 | 20 | 12 | 32 | 57 |
| Coverage ratio | 2.830 | 4.255 | 3.865 | 5.05 | 2.44 | 3.315 |
*Individual allotments may vary due to rounding.
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