Bonds
Tender 591 of NZ$150 mln 2037's received bids for NZ$465 mln; demand for long-dated bonds remains strong with coverag ratio of 3.1; average weighted yield over 4% after US Fed announcement
15th Dec 16, 2:22pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 591 held on December 15, 2016.
Tender Date: Thursday, December 15, 2016
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, December 20, 2016
Dec 15 - #591 | |
Series Offered | 2.75% 15 Apr 2037 |
Total Amount Offered ($million) | 150 |
Total Amount Allocated ($million) | 150 |
Total Number of Bids Received | 41 |
Total Amount of Bids Received ($million) | 465 |
Total Number of Successful Bids | 19 |
Highest Yield Accepted (%) | 4.0650 |
Lowest Yield Accepted (%) | 4.0400 |
Highest Yield Rejected (%) | 4.1400 |
Lowest Yield Rejected (%) | 4.0650 |
Weighted Average Accepted Yield (%) | 4.0568 |
Weighted Average Rejected Yield (%) | 4.0912 |
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 25.0 |
Coverage ratio | 3.1000 |
*Individual allotments may vary due to rounding.
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