Bonds
Tender 593 of NZ$150 mln 2037's received bids for NZ$544 mln; demand for long-dated bonds remains strong with coverag ratio of 3.6; average weighted yield 4.01%, 5bps below previous tender
26th Jan 17, 2:15pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 593 held on January 26, 2017.
Tender Date: Thursday, January 26, 2017
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, January 31, 2017
Jan 26 - #593 | Dec 15 - #591 | |
Series Offered | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 |
Total Amount Offered ($million) | 150 | 150 |
Total Amount Allocated ($million) | 150 | 150 |
Total Number of Bids Received | 54 | 41 |
Total Amount of Bids Received ($million) | 544 | 465 |
Total Number of Successful Bids | 14 | 19 |
Highest Yield Accepted (%) | 4.0250 | 4.0650 |
Lowest Yield Accepted (%) | 3.9950 | 4.0400 |
Highest Yield Rejected (%) | 4.1400 | 4.1400 |
Lowest Yield Rejected (%) | 4.0250 | 4.0650 |
Weighted Average Accepted Yield (%) | 4.0122 | 4.0568 |
Weighted Average Rejected Yield (%) | 4.0640 | 4.0912 |
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 85.7 | 25.0 |
Coverage ratio | 3.6267 | 3.1000 |
*Individual allotments may vary due to rounding.
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