Latest bond tender of NZ$200 mln received bids for NZ$789 mln with 10 year bonds yielding 3.7160%

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 489 held on March 21, 2013.

Tender Date: Thu, 21 Mar 2013

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tue, 26 Mar 2013

Series Offered 6% 15 Apr 2015 5.50% 15 Apr 2023
Total Amount Offered ($million) 100 100
Total Amount Allocated ($million) 100 100
Total Number of Bids Received 18 42
Total Amount of Bids Received ($million) 387 402
Total Number of Successful Bids 4 6
Highest Yield Accepted (%) 2.550 3.720
Lowest Yield Accepted (%) 2.540 3.710
Highest Yield Rejected (%) 2.620 3.890
Lowest Yield Rejected (%) 2.555 3.725
Weighted Average Accepted Yield (%) 2.5438 3.7160
Weighted Average Rejected Yield (%) 2.5878 3.7701
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 33 100
Coverage ratio 3.87 4.02

*Individual allotments may vary due to rounding.

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