NZ Govt Bond Tender #717; weighted average accepted yield was 2.57%; coverage ratio was 1.43x

NZ Govt Bond Tender #717; weighted average accepted yield was 2.57%; coverage ratio was 1.43x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 717 held on March 19, 2020.

Tender Date: Thursday, March 19, 2020.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, March 24, 2020

  Mar 19 - #717 Feb 20 - #713 Jan 23 - #709 Nov 21 - #704 Oct 10 - #699 Aug 15 - #692 July 18 - #688 Jun 20 - #684
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 ($million) 150 200 150 150 150 150 150 150
Total Amount Allocated ($million) 150 200 150 150 150 150 150 150
Total Number of Bids Received 35 57 44 33 34 53 44 63
Total Amount of Bids Received ($million) 215 419 448 469 353 528 319 593
Total Number of Successful Bids 27 24 17 4 16 9 22 20
Highest Yield Accepted (%) 2.6500 1.7550 1.9350 1.7150 1.6100 1.3650 1.9800 1.8900
Lowest Yield Accepted (%) 2.5000 1.7350 1.9200 1.7150 1.5950 1.3550 1.9600 1.8800
Highest Yield Rejected (%) 2.6500 1.8000 1.9700 1.8000 1.6700 1.5000 2.1000 2.0500
Lowest Yield Rejected (%) 2.6500 1.7550 1.9350 1.7150 1.6100 1.3650 1.9800 1.8900
Weighted Average Accepted Yield (%) 2.5658 1.7453 1.9299 1.7147 1.6062 1.3642 1.9680 1.8851
Weighted Average Rejected Yield (%) 2.6977 1.7640 1.9470 1.7345 1.6210 1.3914 2.0228 1.9121
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 50.00 2.30 45.20 89.20 78.60 99.3 39.1 17.9
Coverage ratio 1.4333 2.0950 2.9867 3.1267 2.3533 3.5200 2.1267 3.9533

*Individual allotments may vary due to rounding.

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