Bonds
Latest Govt bill tender of NZ$280 mln received bids for NZ$756 mln with an average weighted yield of 2.515%
27th Aug 13, 2:48pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bill tender number 1453 held on August 27, 2013.
Tender Date: Tue, 27 Aug 2013
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wed, 28 Aug 2013
Treasury Bills Issued
| Series Offered | 27 Nov 2013 | 26 Feb 2014 | 27 Aug 2014 |
| Total Amount Offered ($million) | 100 | 100 | 80 |
| Maturity Date | 27 Nov 2013 | 26 Feb 2014 | 27 Aug 2014 |
| Total Amount Allocated ($million) | 100 | 100 | 80 |
| Total Number of Bids Received | 6 | 10 | 7 |
| Total Amount of Bids Received ($million) | 258 | 390 | 108 |
| Total Number of Successful Bids | 4 | 4 | 6 |
| Highest Yield Accepted (%) | 2.450 | 2.490 | 2.700 |
| Lowest Yield Accepted (%) | 2.370 | 2.440 | 2.660 |
| Highest Yield Rejected (%) | 2.550 | 2.620 | 2.730 |
| Lowest Yield Rejected (%) | 2.450 | 2.490 | 2.700 |
| Weighted Average Accepted Yield (%) | 2.4087 | 2.4570 | 2.6810 |
| Weighted Average Rejected Yield (%) | 2.5291 | 2.5138 | 2.7086 |
|
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* |
84 | 20 | 38 |
| Coverage Ratio | 2.58 | 3.9 | 1.35 |
*Individual allotments may vary due to rounding.
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