Bonds
NZ Govt Bond Tender #606; strong demand for 2025 bonds with coverage ratio of 4.3 times and weighted average yield of 2.62%
15th Jun 17, 2:30pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 606 held on June 15, 2017.
Tender Date: Thursday, June 15, 2017
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, June 20, 2017
| Jun 15 - #606 | May 18 - #603 | Apr 20 - #600 | Mar 16 - #597 | Feb 16 - #595 | Jan 19 - #592 | |
| Series Offered | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 |
| Total Amount offered ($million) | 150 | 150 | 150 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 200 | 200 | 200 |
| Total Number of bids Received | 44 | 30 | 48 | 56 | 39 | 44 |
| Total Amount of bids Received ($million) | 643 | 512 | 675 | 1425 | 552 | 440 |
| Total Number of Successful bids | 14 | 1 | 7 | 9 | 14 | 22 |
| Highest Yield Accepted (%) | 2.6300 | 2.6950 | 2.8950 | 3.1350 | 3.2350 | 3.1400 |
| Lowest Yield Accepted (%) | 2.6150 | 2.6950 | 2.8850 | 3.1200 | 3.2150 | 3.1200 |
| Highest Yield Rejected (%) | 2.7100 | 2.7600 | 3.0050 | 3.2050 | 3.2750 | 3.1750 |
| Lowest Yield Rejected (%) | 2.6300 | 2.7000 | 2.8950 | 3.1350 | 3.2350 | 3.1400 |
| Weighted Average Accepted Yield (%) | 2.6222 | 2.6950 | 2.8890 | 3.1301 | 3.2252 | 3.1328 |
| Weighted Average Rejected Yield (%) | 2.6627 | 2.7256 | 2.9406 | 3.1596 | 3.2494 | 3.1559 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 27.8 | 100.0 | 50.0 | 58.3 | 70.6 | 72.7 |
| Coverage ratio | 4.2867 | 3.4133 | 4.5000 | 7.1250 | 2.7600 | 2.2000 |
*Individual allotments may vary due to rounding.
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