Bonds
NZ Govt Bond Tender #705; weighted average accepted yield was 1.07%; coverage ratio was 3.7x
29th Nov 19, 12:07pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 705 held on November 28, 2019.
Tender Date: Thursday, November 28, 2019
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, December 3, 2019
| Nov 28 - #705 | Oct 24 - #700 | Sep 26 - #696 | Aug 21 - #693 | Jul 18 - #689 | Jun 18 - #685 | May 23 - #681 | Mar 28 - #674 | |
| 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 |
| Total Amount offered ($million) | 250 | 250 | 250 | 250 | 250 | 150 | 150 | 200 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 250 | 250 | 150 | 150 | 200 |
| Total Number of bids Received | 29 | 36 | 32 | 28 | 33 | 30 | 20 | 26 |
| Total Amount of bids Received ($million) | 922 | 639 | 815 | 553 | 730 | 665 | 307 | 484 |
| Total Number of Successful bids | 13 | 16 | 12 | 11 | 13 | 9 | 10 | 7 |
| Highest Yield Accepted (%) | 1.0800 | 0.9750 | 0.9110 | 0.8450 | 1.2150 | 1.2700 | 1.4550 | 1.4500 |
| Lowest Yield Accepted (%) | 1.0600 | 0.9600 | 0.9000 | 0.8300 | 1.2000 | 1.2650 | 1.4350 | 1.4300 |
| Highest Yield Rejected (%) | 1.1300 | 1.0000 | 1.0500 | 0.900 | 1.3450 | 1.3700 | 1.4700 | 1.4900 |
| Lowest Yield Rejected (%) | 1.0800 | 0.9750 | 0.9100 | 0.8450 | 1.2150 | 1.2700 | 1.4550 | 1.4500 |
| Weighted Average Accepted Yield (%) | 1.0715 | 0.9710 | 0.9049 | 0.8411 | 1.2096 | 1.2688 | 1.4452 | 1.4456 |
| Weighted Average Rejected Yield (%) | 1.0897 | 0.9877 | 0.9263 | 0.8518 | 1.2318 | 1.2855 | 1.4632 | 1.4608 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 36.8 | 91.5 | 20.0 | 72.1 | 27.8 | 59.6 | 3.2 | 75.6 |
| Coverage ratio | 3.6880 | 2.5560 | 3.2600 | 2.2120 | 2.9200 | 4.4333 | 2.0467 | 2.4200 |
*Individual allotments may vary due to rounding.
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