NZ Govt Bond Tender #693; weighted average accepted yield was 0.85%; coverage ratio was 2.2x

NZ Govt Bond Tender #693; weighted average accepted yield was 0.85%; coverage ratio was 2.2x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 693 held on August 22, 2019.

Tender Date: Thursday, August 22, 2019

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, August 27, 2019

  Aug 21 - #693 Jul 18 - #689 Jun 18 - #685 May 23 - #681 Mar 28 - #674 Feb 28 - #670 Jan 31 - #666 Nov 22 - #660 Aug 23 - #647
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 2.75% 15 April 2025 2.75% 15 April 2025 2.75% 15 April 2025
Total Amount offered ($million) 250 250 150 150 200 200 200 150 150
Total Amount Allocated ($million) 250 250 150 150 200 200 200 150 150
Total Number of bids Received 28 33 30 20 26 37 44 30 46
Total Amount of bids Received ($million) 553 730 665 307 484 697 871 507 787
Total Number of Successful bids 11 13 9 10 7 19 11 6 12
Highest Yield Accepted (%) 0.8450 1.2150 1.2700 1.4550 1.4500 1.8200 1.9150 2.3800 2.230
Lowest Yield Accepted (%) 0.8300 1.2000 1.2650 1.4350 1.4300 1.7950 1.9050 2.3750 2.220
Highest Yield Rejected (%) 0.900 1.3450 1.3700 1.4700 1.4900 1.8700 1.9600 2.4300 2.300
Lowest Yield Rejected (%) 0.8450 1.2150 1.2700 1.4550 1.4500 1.8200 1.9150 2.3800 2.230
Weighted Average Accepted Yield (%) 0.8411 1.2096 1.2688 1.4452 1.4456 1.8098 1.9118 2.3793 2.225
Weighted Average Rejected Yield (%) 0.8518 1.2318 1.2855 1.4632 1.4608 1.8399 1.9290 2.3922 2.243
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* 72.10 27.8 59.6 3.2 75.6 29.5 81.5 59.5 15.4
Coverage ratio 2.2120 2.9200 4.4333 2.0467 2.4200 3.4850 4.3550 3.3800 5.2467

*Individual allotments may vary due to rounding.

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