Govt Bond Tender #708; weighted average yield accepted was 1.67%; coverage ratio was 2.58x

Govt Bond Tender #708; weighted average yield accepted was 1.67%; coverage ratio was 2.58x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 708 held on January 15, 2020.

Tender Date: Thursday, January 16, 2020

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, January 22, 2020

  Jan 20 - #708
Series Offered 1.50% 15 May 2031
Total Amount Offered ($million) 250
Total Amount Allocated ($million) 250
Total Number of Bids Received 62
Total Amount of Bids Received ($million) 645
Total Number of Successful Bids 25
Highest Yield Accepted (%) 1.6800
Lowest Yield Accepted (%) 1.6000
Highest Yield Rejected (%) 1.7350
Lowest Yield Rejected (%) 1.6800
Weighted Average Accepted Yield (%) 1.6718
Weighted Average Rejected Yield (%) 1.7074
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 75.00
Coverage ratio 2.5800

*Individual allotments may vary due to rounding.

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