Bonds
NZ Govt Bond Tender #714; weighted average accepted yield was 0.97%; coverage ratio was 2.8x
27th Feb 20, 2:33pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 714 held on February 27, 2020.
Tender Date: Thursday, February 27, 2020.
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Mar 3, 2020
| Jan 30 - #714 | Jan 30 - #710 | Nov 28 - #705 | Oct 24 - #700 | Sep 26 - #696 | Aug 21 - #693 | Jul 18 - #689 | Jun 18 - #685 | |
| 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 ($million) | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 150 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 150 |
| Total Number of bids Received | 28 | 36 | 29 | 36 | 32 | 28 | 33 | 30 |
| Total Amount of bids Received ($million) | 697 | 802 | 922 | 639 | 815 | 553 | 730 | 665 |
| Total Number of Successful bids | 9 | 10 | 13 | 16 | 12 | 11 | 13 | 9 |
| Highest Yield Accepted (%) | 0.9700 | 1.1150 | 1.0800 | 0.9750 | 0.9110 | 0.8450 | 1.2150 | 1.2700 |
| Lowest Yield Accepted (%) | 0.9600 | 1.1100 | 1.0600 | 0.9600 | 0.9000 | 0.8300 | 1.2000 | 1.2650 |
| Highest Yield Rejected (%) | 0.9950 | 1.1500 | 1.1300 | 1.0000 | 1.0500 | 0.900 | 1.3450 | 1.3700 |
| Lowest Yield Rejected (%) | 0.9700 | 1.1150 | 1.0800 | 0.9750 | 0.9100 | 0.8450 | 1.2150 | 1.2700 |
| Weighted Average Accepted Yield (%) | 0.9668 | 1.1134 | 1.0715 | 0.9710 | 0.9049 | 0.8411 | 1.2096 | 1.2688 |
| Weighted Average Rejected Yield (%) | 0.9801 | 1.1243 | 1.0897 | 0.9877 | 0.9263 | 0.8518 | 1.2318 | 1.2855 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 66.70 | 69.40 | 36.8 | 91.5 | 20.0 | 72.1 | 27.8 | 59.6 |
| Coverage ratio | 2.7880 | 3.2080 | 3.6880 | 2.5560 | 3.2600 | 2.2120 | 2.9200 | 4.4333 |
*Individual allotments may vary due to rounding.
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