Bonds
Latest bond tender of NZ$300 mln 2027's received bids for NZ$660 mln; weighted average yield accepted jumps 40 bps
14th May 15, 2:11pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 542 held on May 14, 2015.
Tender Date: Thursday, May 14, 2015
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday May 19, 2015
| May 14 - #542 | Apr 9 - #540 | Apr 9 - #539 | Mar 13 - #537 | Feb 15 - #535 | Dec 14 - #531 | |
| Series Offered | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 |
| Total Amount Offered ($million) | 300 | 200 | 200 | 300 | 300 | 300 |
| Total Amount Allocated ($million) | 300 | 200 | 200 | 300 | 300 | 300 |
| Total Number of Bids Received | 81 | 101 | 78 | 69 | 54 | 77 |
| Total Amount of Bids Received ($million) | 660 | 857 | 487 | 631 | 638 | 1,293 |
| Total Number of Successful Bids | 51 | 8 | 24 | 50 | 13 | 26 |
| Highest Yield Accepted (%) | 3.790 | 3.340 | 3.370 | 3.500 | 3.420 | 3.950 |
| Lowest Yield Accepted (%) | 3.710 | 3.320 | 3.340 | 3.450 | 3.335 | 3.920 |
| Highest Yield Rejected (%) | 4.415 | 3.495 | 3.500 | 3.600 | 3.580 | 4.015 |
| Lowest Yield Rejected (%) | 3.790 | 3.340 | 3.370 | 3.500 | 3.420 | 3.950 |
| Weighted Average Accepted Yield (%) | 3.7542 | 3.3364 | 3.3535 | 3.4790 | 3.3536 | 3.9363 |
| Weighted Average Rejected Yield (%) | 3.9738 | 3.3815 | 3.4109 | 3.5362 | 3.4457 | 3.9750 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 28.9 | 80.6 | 44.4 | 25.5 | 26.2 | 12.3 |
| Coverage ratio | 2.20 | 4.285 | 2.435 | 2.1033 | 2.127 | 4.310 |
*Individual allotments may vary due to rounding.
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