NZ Govt Bond Tender #699; weighted average accepted yield was 1.61%; coverage ratio was 2.35x

NZ Govt Bond Tender #699; weighted average accepted yield was 1.61%; coverage ratio was 2.35x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 699 held on October 17, 2019.

Tender Date: Thursday, October 17, 2019

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, October 22, 2019

  Oct 10 - #699 Aug 15 - #692 July 18 - #688 Jun 20 - #684 May 16 - #680 Apr 18 - #677 Mar 21 - #673 Feb 21 - #669
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 2.75% 15 Apr 2037
Total Amount Offered ($million) 150 150 150 150 150 150 200 200
Total Amount Allocated ($million) 150 150 150 150 150 150 200 200
Total Number of Bids Received 34 53 44 63 40 47 53 70
Total Amount of Bids Received ($million) 353 528 319 593 335 373 498 576
Total Number of Successful Bids 16 9 22 20 19 6 21 18
Highest Yield Accepted (%) 1.6100 1.3650 1.9800 1.8900 2.0950 2.3450 2.3850 2.6150
Lowest Yield Accepted (%) 1.5950 1.3550 1.9600 1.8800 2.0600 2.3400 2.3700 2.5950
Highest Yield Rejected (%) 1.6700 1.5000 2.1000 2.0500 2.1850 2.4450 2.4800 2.7000
Lowest Yield Rejected (%) 1.6100 1.3650 1.9800 1.8900 2.0950 2.3450 2.3850 2.6150
Weighted Average Accepted Yield (%) 1.6062 1.3642 1.9680 1.8851 2.0865 2.3423 2.3779 2.6079
Weighted Average Rejected Yield (%) 1.6210 1.3914 2.0228 1.9121 2.1145 2.3763 2.4029 2.6370
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 78.60 99.3 39.1 17.9 75.0 78.7 27.3 86.7
Coverage ratio 2.3533 3.5200 2.1267 3.9533 2.2333 2.4867 2.4900 2.8800

*Individual allotments may vary due to rounding.

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