Bonds
Bond Tender #716; weighted average yield accepted was 1.23%; coverage ratio was 1.77x
12th Mar 20, 3:08pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 716 held on Mar 12, 2020.
Tender Date: Thursday, Mar 12, 2020
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, Mar 17, 2020
| Feb 13 - #716 | Feb 13 - #712 | Jan 20 - #708 | |
| Series Offered | 1.50% 15 May 2031 | 1.50% 15 May 2031 | 1.50% 15 May 2031 |
| Total Amount Offered ($million) | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 250 | 250 | 250 |
| Total Number of Bids Received | 42 | 52 | 62 |
| Total Amount of Bids Received ($million) | 443 | 853 | 645 |
| Total Number of Successful Bids | 16 | 17 | 25 |
| Highest Yield Accepted (%) | 1.2500 | 1.5850 | 1.6800 |
| Lowest Yield Accepted (%) | 1.2200 | 1.5600 | 1.6000 |
| Highest Yield Rejected (%) | 1.4250 | 1.6500 | 1.7350 |
| Lowest Yield Rejected (%) | 1.2500 | 1.5850 | 1.6800 |
| Weighted Average Accepted Yield (%) | 1.2319 | 1.5787 | 1.6718 |
| Weighted Average Rejected Yield (%) | 1.3083 | 1.5999 | 1.7074 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 76.20 | 29.80 | 75.00 |
| Coverage ratio | 1.7720 | 3.4120 | 2.5800 |
*Individual allotments may vary due to rounding.
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