NZ Govt Bond Tender #709; weighted average accepted yield was 1.93%; coverage ratio was 2.99x

NZ Govt Bond Tender #709; weighted average accepted yield was 1.93%; coverage ratio was 2.99x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 709 held on January 23, 2020.

Tender Date: Thursday, January 23, 2020.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, January 28, 2020

  Jan 23 - #709 Nov 21 - #704 Oct 10 - #699 Aug 15 - #692 July 18 - #688 Jun 20 - #684 May 16 - #680 Apr 18 - #677
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 ($million) 150 150 150 150 150 150 150 150
Total Amount Allocated ($million) 150 150 150 150 150 150 150 150
Total Number of Bids Received 44 33 34 53 44 63 40 47
Total Amount of Bids Received ($million) 448 469 353 528 319 593 335 373
Total Number of Successful Bids 17 4 16 9 22 20 19 6
Highest Yield Accepted (%) 1.9350 1.7150 1.6100 1.3650 1.9800 1.8900 2.0950 2.3450
Lowest Yield Accepted (%) 1.9200 1.7150 1.5950 1.3550 1.9600 1.8800 2.0600 2.3400
Highest Yield Rejected (%) 1.9700 1.8000 1.6700 1.5000 2.1000 2.0500 2.1850 2.4450
Lowest Yield Rejected (%) 1.9350 1.7150 1.6100 1.3650 1.9800 1.8900 2.0950 2.3450
Weighted Average Accepted Yield (%) 1.9299 1.7147 1.6062 1.3642 1.9680 1.8851 2.0865 2.3423
Weighted Average Rejected Yield (%) 1.9470 1.7345 1.6210 1.3914 2.0228 1.9121 2.1145 2.3763
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 45.20 89.20 78.60 99.3 39.1 17.9 75.0 78.7
Coverage ratio 2.9867 3.1267 2.3533 3.5200 2.1267 3.9533 2.2333 2.4867

*Individual allotments may vary due to rounding.

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