NZ Govt Bond Tender #710; weighted average accepted yield was 1.11%; coverage ratio was 3.2x

NZ Govt Bond Tender #710; weighted average accepted yield was 1.11%; coverage ratio was 3.2x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 710 held on January 30, 2020.

Tender Date: Thursday, January 30, 2020

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, February 4, 2020

  Jan 30 - #710 Nov 28 - #705 Oct 24 - #700 Sep 26 - #696 Aug 21 - #693 Jul 18 - #689 Jun 18 - #685 May 23 - #681
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 ($million) 250 250 250 250 250 250 150 150
Total Amount Allocated ($million) 250 250 250 250 250 250 150 150
Total Number of bids Received 36 29 36 32 28 33 30 20
Total Amount of bids Received ($million) 802 922 639 815 553 730 665 307
Total Number of Successful bids 10 13 16 12 11 13 9 10
Highest Yield Accepted (%) 1.1150 1.0800 0.9750 0.9110 0.8450 1.2150 1.2700 1.4550
Lowest Yield Accepted (%) 1.1100 1.0600 0.9600 0.9000 0.8300 1.2000 1.2650 1.4350
Highest Yield Rejected (%) 1.1500 1.1300 1.0000 1.0500 0.900 1.3450 1.3700 1.4700
Lowest Yield Rejected (%) 1.1150 1.0800 0.9750 0.9100 0.8450 1.2150 1.2700 1.4550
Weighted Average Accepted Yield (%) 1.1134 1.0715 0.9710 0.9049 0.8411 1.2096 1.2688 1.4452
Weighted Average Rejected Yield (%) 1.1243 1.0897 0.9877 0.9263 0.8518 1.2318 1.2855 1.4632
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* 69.40 36.8 91.5 20.0 72.1 27.8 59.6 3.2
Coverage ratio 3.2080 3.6880 2.5560 3.2600 2.2120 2.9200 4.4333 2.0467

*Individual allotments may vary due to rounding.

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