Bonds
NZ Govt Bond Tender #693; weighted average accepted yield was 0.85%; coverage ratio was 2.2x
22nd Aug 19, 2:16pm
by
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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