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NZ Govt Bond Tender #684; weighted average accepted yield was 1.89%; coverage ratio was 3.95x

NZ Govt Bond Tender #684; weighted average accepted yield was 1.89%; coverage ratio was 3.95x

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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