Bonds
NZDMO repurchased $144 mln of April 2015 government stock from a total of $628 mln offered; average weighted yield was 3.24%
12th Feb 14, 4:38pm
by
The New Zealand Debt Management Office (NZDMO) has released the results of government bond repurchase (reverse tap tender) number 8002 held today.
Yesterday NZ DMO announced its intention to buy back $500m of the April 2015 government bonds so the results of only purchasing $144 mln comes as a surprise. A total of $628 mln was offered up for repurchase so there was ample supply to complete the transaction.
Details of the tender results are shown below.
| 6 April 2015 | Today # 8002 |
| Series repurchased | 6 Apr 2015 |
| Total Amount Purchased ($million) | 144 |
| Number of Offers Received | 19 |
| Total Amount of All Offers Received ($million) | 628 |
| Total Number of Successful Offers | 5 |
| Lowest Yield Accepted (%) | 3.24 |
| Highest Yield Accepted (%) | 3.245 |
| Weighted Average Accepted Yield (%) | 3.240 |
| Lowest Yield Allocated in Full (%) | 3.24 |
| Number of Offers Allocated in Full | 5 |
| Best Offer | 3.245 |
| Worst Offer | 3.145 |
| Weighted Average Offer | 3.216 |
| Amount Allocated at Lowest Accepted Yield as Percentage of Amount Offered at that Yield* | 100 |
*Individual allotments may vary due to rounding.
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