Bonds
Govt Bond Tender #701; weighted average yield accepted was 1.31%; coverage ratio was 2.83x
31st Oct 19, 2:25pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 701 held on October 31, 2019.
Tender Date: Thursday, October 31, 2019
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, November 5, 2019
| Oct 09 - #701 | Oct 09 - #698 | Sep 12 - #695 | Aug 8 - #691 | Jul 11 - #687 | Jun 13 - #683 | May 9 - #679 | Apr 11 - #676 | Mar 14 - #672 | |
| 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 ($million) | 150 | 250 | 250 | 250 | 250 | 250 | 200 | 250 | 250 |
| Total Amount Allocated ($million) | 150 | 250 | 250 | 250 | 250 | 250 | 200 | 250 | 250 |
| Total Number of Bids Received | 38 | 49 | 26 | 47 | 51 | 54 | 41 | 54 | 32 |
| Total Amount of Bids Received ($million) | 425 | 494 | 330 | 758 | 732 | 722 | 503 | 777 | 640 |
| Total Number of Successful Bids | 11 | 20 | 18 | 11 | 7 | 25 | 14 | 25 | 3 |
| Highest Yield Accepted (%) | 1.3200 | 1.0500 | 1.3000 | 1.1200 | 1.5350 | 1.6950 | 1.8350 | 2.0450 | 2.0300 |
| Lowest Yield Accepted (%) | 1.3000 | 1.0250 | 1.2700 | 1.1100 | 1.5300 | 1.6750 | 1.8200 | 2.0250 | 2.0300 |
| Highest Yield Rejected (%) | 1.3900 | 1.1300 | 1.4500 | 1.2000 | 1.6400 | 1.7600 | 1.9300 | 2.1250 | 2.1050 |
| Lowest Yield Rejected (%) | 1.3200 | 1.0500 | 1.3050 | 1.1200 | 1.5350 | 1.6950 | 1.8350 | 2.0450 | 2.0300 |
| Weighted Average Accepted Yield (%) | 1.3071 | 1.0396 | 1.2898 | 1.1169 | 1.5346 | 1.6869 | 1.8281 | 2.0361 | 2.0300 |
| Weighted Average Rejected Yield (%) | 1.3335 | 1.0774 | 1.3756 | 1.1436 | 1.5625 | 1.7076 | 1.8592 | 2.0647 | 2.0574 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 20.5 | 80.0 | 100.0 | 92.4 | 84.6 | 9.1 | 34.3 | 9.0 | 96.2 |
| Coverage ratio | 2.8333 | 1.9760 | 1.3200 | 3.0320 | 2.9280 | 2.8880 | 2.5150 | 3.1080 | 2.5600 |
*Individual allotments may vary due to rounding.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.