Bonds
NZ Govt Bond Tender #695; weighted average yield accepted was 1.29%; coverage ratio was 1.32x
12th Sep 19, 2:53pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 695 held on September 12, 2019.
Tender Date: Thursday, September 12, 2019
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, September 17, 2019
| Sep 12 - #695 | Aug 8 - #691 | Jul 11 - #687 | Jun 13 - #683 | May 9 - #679 | Apr 11 - #676 | Mar 14 - #672 | Feb 14 - #668 | Jan 17 - #664 | |
| 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 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 |
| Total Amount Offered ($million) | 250 | 250 | 250 | 250 | 200 | 250 | 250 |
250 |
250 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 250 | 200 | 250 | 250 | 250 | 250 |
| Total Number of Bids Received | 26 | 47 | 51 | 54 | 41 | 54 | 32 | 53 | 38 |
| Total Amount of Bids Received ($million) | 330 | 758 | 732 | 722 | 503 | 777 | 640 | 551 | 397 |
| Total Number of Successful Bids | 18 | 11 | 7 | 25 | 14 | 25 | 3 | 19 | 18 |
| Highest Yield Accepted (%) | 1.3000 | 1.1200 | 1.5350 | 1.6950 | 1.8350 | 2.0450 | 2.0300 | 2.2350 | 2.2900 |
| Lowest Yield Accepted (%) | 1.2700 | 1.1100 | 1.5300 | 1.6750 | 1.8200 | 2.0250 | 2.0300 | 2.2100 | 2.2550 |
| Highest Yield Rejected (%) | 1.4500 | 1.2000 | 1.6400 | 1.7600 | 1.9300 | 2.1250 | 2.1050 | 2.3100 | 2.3700 |
| Lowest Yield Rejected (%) | 1.3050 | 1.1200 | 1.5350 | 1.6950 | 1.8350 | 2.0450 | 2.0300 | 2.2350 | 2.2900 |
| Weighted Average Accepted Yield (%) | 1.2898 | 1.1169 | 1.5346 | 1.6869 | 1.8281 | 2.0361 | 2.0300 | 2.2236 | 2.2709 |
| Weighted Average Rejected Yield (%) | 1.3756 | 1.1436 | 1.5625 | 1.7076 | 1.8592 | 2.0647 | 2.0574 | 2.2592 | 2.3167 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.0 | 92.4 | 84.6 | 9.1 | 34.3 | 9.0 | 96.2 | 25.8 | 10.0 |
| Coverage ratio | 1.3200 | 3.0320 | 2.9280 | 2.8880 | 2.5150 | 3.1080 | 2.5600 | 2.2040 | 1.5880 |
*Individual allotments may vary due to rounding.
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