NZDMO repurchased $144 mln of April 2015 government stock from a total of $628 mln offered; average weighted yield was 3.24%

NZDMO repurchased $144 mln of April 2015 government stock from a total of $628 mln offered; average weighted yield was 3.24%

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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