Bonds
NZ Govt Bond Tender #684; weighted average accepted yield was 1.89%; coverage ratio was 3.95x
20th Jun 19, 2:11pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 684 held on June 20, 2019.
Tender Date: Thursday, June 20, 2019
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, June 25, 2019
| June 20 - #684 | May 16 - #680 | Apr 18 - #677 | Mar 21 - #673 | Feb 21 - #669 | Jan 24 - #665 | June 21 - #639 | ||
| Series Offered | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | |
| Total Amount Offered ($million) | 150 | 150 | 150 | 200 | 200 |
200 |
200 | |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 200 | 200 | 200 | 200 | |
| Total Number of Bids Received | 63 | 40 | 47 | 53 | 70 | 28 | 30 | |
| Total Amount of Bids Received ($million) | 593 | 335 | 373 | 498 | 576 | 236 | 232 | |
| Total Number of Successful Bids | 20 | 19 | 6 | 21 | 18 | 22 | 27 | |
| Highest Yield Accepted (%) | 1.8900 | 2.0950 | 2.3450 | 2.3850 | 2.6150 | 2.7400 | 3.3000 | |
| Lowest Yield Accepted (%) | 1.8800 | 2.0600 | 2.3400 | 2.3700 | 2.5950 | 2.6750 | 3.2350 | |
| Highest Yield Rejected (%) | 2.0500 | 2.1850 | 2.4450 | 2.4800 | 2.7000 | 2.8100 | 3.3250 | |
| Lowest Yield Rejected (%) | 1.8900 | 2.0950 | 2.3450 | 2.3850 | 2.6150 | 2.7400 | 3.3000 | |
| Weighted Average Accepted Yield (%) | 1.8851 | 2.0865 | 2.3423 | 2.3779 | 2.6079 | 2.6998 | 3.2631 | |
| Weighted Average Rejected Yield (%) | 1.9121 | 2.1145 | 2.3763 | 2.4029 | 2.6370 | 2.7775 | 3.3103 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 17.9 | 75.0 | 78.7 | 27.3 | 86.7 | 64.7 | 60.0 | |
| Coverage ratio | 3.9533 | 2.2333 | 2.4867 | 2.4900 | 2.8800 | 1.1800 | 1.1600 |
*Individual allotments may vary due to rounding.
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