sign up log in
Want to go ad-free? Find out how, here.

NZ Govt Bond Tender #683; weighted average yield accepted was 1.69%; coverage ratio was 2.89x

Bonds
NZ Govt Bond Tender #683; weighted average yield accepted was 1.69%; coverage ratio was 2.89x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 683 held on June 13, 2019.

Tender Date: Thursday, June 13, 2019

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, June 18, 2019

  June 13 - #683 May 9 - #679 Apr 11 - #676 Mar 14 - #672 Feb 14 - #668 Jan 17 - #664 Dec 14 - #663
Series Offered 3.00% 20 Apr 2029 3.00% 20 Apr 2029 3.00% 20 Apr 2029 3.00% 20 Apr 2029 3.00% 20 Apr 2029 3.00% 20 Apr 2029 3.00% 20 Apr 2029
Total Amount Offered ($million) 250 200 250 250

250

250 250
Total Amount Allocated ($million) 250 200 250 250 250 250 250
Total Number of Bids Received 54 41 54 32 53 38 43
Total Amount of Bids Received ($million) 722 503 777 640 551 397 447
Total Number of Successful Bids 25 14 25 3 19 18 19
Highest Yield Accepted (%) 1.6950 1.8350 2.0450 2.0300 2.2350 2.2900 2.4900
Lowest Yield Accepted (%) 1.6750 1.8200 2.0250 2.0300 2.2100 2.2550 2.4750
Highest Yield Rejected (%) 1.7600 1.9300 2.1250 2.1050 2.3100 2.3700 2.6000
Lowest Yield Rejected (%) 1.6950 1.8350 2.0450 2.0300 2.2350 2.2900 2.4900
Weighted Average Accepted Yield (%) 1.6869 1.8281 2.0361 2.0300 2.2236 2.2709 2.4828
Weighted Average Rejected Yield (%) 1.7076 1.8592 2.0647 2.0574 2.2592 2.3167 2.5084
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 9.1 34.3 9.0 96.2 25.8 10.0 61.2
Coverage ratio 2.8880 2.5150 3.1080 2.5600 2.2040 1.5880 1.7880

*Individual allotments may vary due to rounding.

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.