NZ Govt Bond Tender #718; weighted average accepted yield was 0.76%; coverage ratio was 2.8x

NZ Govt Bond Tender #718; weighted average accepted yield was 0.76%; coverage ratio was 2.8x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 718 held on March 26, 2020.

Tender Date: Thursday, March 26, 2020.

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, Mar 31, 2020

  Mar 26 - #718 Jan 30 - #714 Jan 30 - #710 Nov 28 - #705 Oct 24 - #700 Sep 26 - #696 Aug 21 - #693 Jul 18 - #689
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 ($million) 250 250 250 250 250 250 250 250
Total Amount Allocated ($million) 250 250 250 250 250 250 250 250
Total Number of bids Received 53 28 36 29 36 32 28 33
Total Amount of bids Received ($million) 702 697 802 922 639 815 553 730
Total Number of Successful bids 20 9 10 13 16 12 11 13
Highest Yield Accepted (%) 0.7750 0.9700 1.1150 1.0800 0.9750 0.9110 0.8450 1.2150
Lowest Yield Accepted (%) 0.7450 0.9600 1.1100 1.0600 0.9600 0.9000 0.8300 1.2000
Highest Yield Rejected (%) 0.8625 0.9950 1.1500 1.1300 1.0000 1.0500 0.900 1.3450
Lowest Yield Rejected (%) 0.7750 0.9700 1.1150 1.0800 0.9750 0.9100 0.8450 1.2150
Weighted Average Accepted Yield (%) 0.7627 0.9668 1.1134 1.0715 0.9710 0.9049 0.8411 1.2096
Weighted Average Rejected Yield (%) 0.8133 0.9801 1.1243 1.0897 0.9877 0.9263 0.8518 1.2318
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* 16.00 66.70 69.40 36.8 91.5 20.0 72.1 27.8
Coverage ratio 2.8080 2.7880 3.2080 3.6880 2.5560 3.2600 2.2120 2.9200

*Individual allotments may vary due to rounding.

 

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