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Latest bond tender of NZ$120 mln received bids for NZ$480 mln with 10 year bonds yielding an average of 3.3583%

Bonds
Latest bond tender of NZ$120 mln received bids for NZ$480 mln with 10 year bonds yielding an average of 3.3583%

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 494 held on May 17, 2013.

Tender Date: Fri, 17 May 2013

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Wed, 22 May 2013

  Today Previous
Series Offered 5.50% 15 Apr 2023 5.50% 15 Apr 2023
Total Amount Offered ($million) 120 120
Total Amount Allocated ($million) 120 120
Total Number of Bids Received 46 36
Total Amount of Bids Received ($million) 480 532
Total Number of Successful Bids 11 15
Highest Yield Accepted (%) 3.370 3.235
Lowest Yield Accepted (%) 3.340 3.190
Highest Yield Rejected (%) 3.490 3.320
Lowest Yield Rejected (%) 3.3980 3.240
Weighted Average Accepted Yield (%) 3.3583 3.2105
Weighted Average Rejected Yield (%) 3.3980 3.2674
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 75 60
Coverage ratio 4.0000 4.4333

*Individual allotments may vary due to rounding.

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