Bonds
First bond tender of NZ$100 mln 2033's well received with bids for NZ$370mln; weighted average yield 3.31%
25th Feb 16, 2:11pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 563 held on February 25, 2016.
Tender Date: Thursday, February 25, 2016
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, March 1, 2016
| Feb 25 - #563 | |
| Series Offered | 3.50% 15 Apr 2033 |
| Total Amount Offered ($million) | 100 |
| Total Amount Allocated ($million) | 100 |
| Total Number of Bids Received | 45 |
| Total Amount of Bids Received ($million) | 370 |
| Total Number of Successful Bids | 11 |
| Highest Yield Accepted (%) | 3.315 |
| Lowest Yield Accepted (%) | 3.305 |
| Highest Yield Rejected (%) | 3.400 |
| Lowest Yield Rejected (%) | 3.315 |
| Weighted Average Accepted Yield (%) | 3.3084 |
| Weighted Average Rejected Yield (%) | 3.3331 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 21.8 |
| Coverage ratio | 3.70 |
*Individual allotments may vary due to rounding.
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