Bonds
NZ Govt Bond Tender #704; weighted average accepted yield was 1.72%; coverage ratio was 3.13x
21st Nov 19, 2:35pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 704 held on November 21, 2019.
Tender Date: Thursday, November 21, 2019.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, November 26, 2019
| Nov 21 - #704 | Oct 10 - #699 | Aug 15 - #692 | July 18 - #688 | Jun 20 - #684 | May 16 - #680 | Apr 18 - #677 | Mar 21 - #673 | |
| 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 ($million) | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 200 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 200 |
| Total Number of Bids Received | 33 | 34 | 53 | 44 | 63 | 40 | 47 | 53 |
| Total Amount of Bids Received ($million) | 469 | 353 | 528 | 319 | 593 | 335 | 373 | 498 |
| Total Number of Successful Bids | 4 | 16 | 9 | 22 | 20 | 19 | 6 | 21 |
| Highest Yield Accepted (%) | 1.7150 | 1.6100 | 1.3650 | 1.9800 | 1.8900 | 2.0950 | 2.3450 | 2.3850 |
| Lowest Yield Accepted (%) | 1.7150 | 1.5950 | 1.3550 | 1.9600 | 1.8800 | 2.0600 | 2.3400 | 2.3700 |
| Highest Yield Rejected (%) | 1.8000 | 1.6700 | 1.5000 | 2.1000 | 2.0500 | 2.1850 | 2.4450 | 2.4800 |
| Lowest Yield Rejected (%) | 1.7150 | 1.6100 | 1.3650 | 1.9800 | 1.8900 | 2.0950 | 2.3450 | 2.3850 |
| Weighted Average Accepted Yield (%) | 1.7147 | 1.6062 | 1.3642 | 1.9680 | 1.8851 | 2.0865 | 2.3423 | 2.3779 |
| Weighted Average Rejected Yield (%) | 1.7345 | 1.6210 | 1.3914 | 2.0228 | 1.9121 | 2.1145 | 2.3763 | 2.4029 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 89.20 | 78.60 | 99.3 | 39.1 | 17.9 | 75.0 | 78.7 | 27.3 |
| Coverage ratio | 3.1267 | 2.3533 | 3.5200 | 2.1267 | 3.9533 | 2.2333 | 2.4867 | 2.4900 |
*Individual allotments may vary due to rounding.
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