sign up log in
Want to go ad-free? Find out how, here.

September 2020 Government nominal tender sees coverage ratio spike sharply along with average yield at 2.87% (previously 2.73%)

Bonds
September 2020 Government nominal tender sees coverage ratio spike sharply along with average yield at 2.87% (previously 2.73%)

NZDMO has announced the results of Nominal Government Bond tender number 558 held on 26 November 2015.

Tender Date: Thu, 26 Nov 2015
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tues, 1 Dec 2015

 
Series Offered: 3.00% 15 Apr 2020 Today #558  22-Oct-15
#555
24-Sep-15
#553
27-Aug-15
#550
24-Jul-15
#547
Total Amount Offered ($million) 200 200 200 200 200
Total Amount Allocated ($million) 200 200 200 200 200
Total Number of Bids Received 58 30      
Total Amount of Bids Received ($million) 1,052 527 569 600 1,056
Total Number of Successful Bids 12 15      
Highest Yield Accepted (%) 2.880 2.740 2.680 2.660 2.725
Lowest Yield Accepted (%) 2.855 2.710 2.690 2.675 2.730
Highest Yield Rejected (%) 3.000 2.800 2.690 2.675 2.735
Lowest Yield Rejected (%) 2.880 2.740 2.750 2.760 2.820
Weighted Average Accepted Yield (%) 2.8721 2.727 2.685 2.667 2.729
Weighted Average Rejected Yield (%) 2.9170 2.7664 2.719 2.700 2.758
Amount Allotted at Highest Accepted Yield
as Percentage of Amount Bid at that Yield*
66.7 52.6      
Coverage Ratio 5.260 2.635 2.845 3.000 5.280

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.