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Latest 2020 Government nominal tender #571; investors attracted to 4-year maturity; average weighted accepted yield steady at 2.20%

Bonds
Latest 2020 Government nominal tender #571; investors attracted to 4-year maturity; average weighted accepted yield steady at 2.20%

NZDMO has announced the results of Nominal Government Bond tender number 571 held on 19 May 2016.

Tender Date: Thu, 19 May 2016
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tue, 24 May 2016

Series Offered: 3.00% 15 Apr 2020 Today #571 21-Apr-16 #568 17-Mar-16
#565
18-Feb-16
#562
26-Nov-15
#558
Total Amount Offered ($million) 150 150 100 100 200
Total Amount Allocated ($million) 150 150 100 100 200
Total Number of Bids Received 43 44 37 32 58
Total Amount of Bids Received ($million) 747 792 736 589 1,052
Total Number of Successful Bids 13 16 7 9 12
Highest Yield Accepted (%) 2.210 2.220 2.275 2.570 2.880
Lowest Yield Accepted (%) 2.190 2.185 2.255 2.550 2.855
Highest Yield Rejected (%) 2.285 2.315 2.400 2.650 3.000
Lowest Yield Rejected (%) 2.210 2.220 2.275 2.570 2.880
Weighted Average Accepted Yield (%) 2.2018 2.2030 2.2642 2.5600 2.8721
Weighted Average Rejected Yield (%) 2.2380 2.2498 2.3115 2.5861 2.9170
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 41.7 4.1 33.3 3.1 66.7
Coverage Ratio 4.980 5.280 7.360 5.890 5.260

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