Bonds
Latest bond tender of NZ$200 mln received bids for NZ$677 mln with an average weighted yield of 4.19% (previously 4.23%)
17th Jul 14, 2:19pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 523 held on July 17, 2014.
Tender Date: Thursday, July 17, 2014
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, July 22, 2014
| Jul 17 - #523 | Jun 19- #521 | May 16 - #520 | Apr 17- #518 | Mar 27 - #516 | Feb 27 - #514 | |
| Series Offered | 3.00% 15 Apr 2020 | 3.00% 15 Apr 2020 | 3.00% 15 Apr 2020 | 3.00% 15 Apr 2020 | 3.00% 15 Apr 2020 | 3.00% 15 Apr 2020 |
| Total Amount Offered ($million) | 200 | 300 | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 300 | 200 | 200 | 200 | 200 |
| Total Number of Bids Received | 34 | 47 | 45 | 45 | 54 | 53 |
| Total Amount of Bids Received ($million) | 677 | 1,112 | 566 | 851 | 773 | 1010 |
| Total Number of Successful Bids | 9 | 11 | 23 | 9 | 19 | 19 |
| Highest Yield Accepted (%) | 4.200 | 4.245 | 4.135 | 4.415 | 4.390 | 4.300 |
| Lowest Yield Accepted (%) | 4.180 | 4.215 | 4.090 | 4.395 | 4.355 | 4.260 |
| Highest Yield Rejected (%) | 4.350 | 4.320 | 4.220 | 4.495 | 4.500 | 4.435 |
| Lowest Yield Rejected (%) | 4.200 | 4.245 | 4.135 | 4.415 | 4.390 | 4.300 |
| Weighted Average Accepted Yield (%) | 4.1915 | 4.2348 | 4.1135 | 4.4047 | 4.3696 | 4.2861 |
| Weighted Average Rejected Yield (%) | 4.2585 | 4.2691 | 4.1719 | 4.4383 | 4.4248 | 4.3213 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 55.6 | 20.8 | 40 | 16 | 20 | 12 |
| Coverage ratio | 3.385 | 3.707 | 2.830 | 4.255 | 3.865 | 5.05 |
*Individual allotments may vary due to rounding.
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