Bonds
Latest Govt bill tender of NZ$280 mln received bids for NZ$420 mln with an average weighted yield of 2.7150% (previously 2.515%)
10th Sep 13, 3:25pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bill tender number 1454 held on September 10, 2013.
Tender Date: Tue, 10 Sept 2013
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wed, 11 Sept 2013
Treasury Bills Issued
| Series Offered | 11 Dec 2013 | 12 Mar 2014 | 10 Sep 2014 |
| Total Amount Offered ($million) | 100 | 100 | 80 |
| Maturity Date | 11 Dec 2013 | 12 Mar 2014 | 10 Sep 2014 |
| Total Amount Allocated ($million) | 100 | 100 | 80 |
| Total Number of Bids Received | 2 | 3 | 12 |
| Total Amount of Bids Received ($million) | 105 | 150 | 165 |
| Total Number of Successful Bids | 2 | 2 | 5 |
| Highest Yield Accepted (%) | 2.500 | 2.530 | 2.730 |
| Lowest Yield Accepted (%) | 2.390 | 2.510 | 2.700 |
| Highest Yield Rejected (%) | 2.500 | 2.540 | 2.820 |
| Lowest Yield Rejected (%) | 2.500 | 2.540 | 2.730 |
| Weighted Average Accepted Yield (%) | 2.4945 | 2.5200 | 2.7150 |
| Weighted Average Rejected Yield (%) | 2.5000 | 2.5400 | 2.7782 |
|
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* |
95 | 100 | 80 |
| Coverage Ratio | 1.05 | 1.50 | 2.0625 |
*Individual allotments may vary due to rounding.
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