Bonds
Latest bond tender of NZ$200 mln received bids for NZ$630 mln with an average weighted yield of 4.46% for new April 2027 maturity
19th Sep 14, 8:38am
by
The results from the latest nominal Government bond offer by the Treasury's Debt Management Office have been released.
This was for a new twelve year maturity of April 15, 2027
The coverage ratio was better than the inflation-linked auction a few days ago, but much less than the last nominal bond tender.
This auction happened at 2pm September 18, 2014.
Settlement date of these is September 23, 2014.
| 4.50% - 15 April 2027 | Today # 527 | Prior #525 |
| Series offered |
4.50% Apr 15, 2027 |
3.00% Apr 15, 2020 |
| Total Amount Offered ($million) | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 |
| Total Number of Bids Received | 72 | 47 |
| Total Amount of Bids Received ($million) | 630 | 955 |
| Total Number of Successful Bids | 28 | 6 |
| Highest Yield Accepted (%) | 4.470 | 4.090 |
| Lowest Yield Accepted (%) | 4.430 | 4.085 |
| Highest Yield Rejected (%) | 4.580 | 4.160 |
| Lowest Yield Rejected (%) | 4.470 | 4.090 |
| Weighted Average Accepted Yield (%) | 4.4590 | 4.0886 |
| Weighted Average Rejected Yield (%) | 4.4962 | 4.1136 |
|
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* |
84.6 | 90.6 |
| Coverage Ratio | 3.15 | 4.775 |
*Individual allotments may vary due to rounding.
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