Bonds
Latest bond tender of NZ$200 mln 2027's received bids for NZ$487 mln; 13bps rise in previous auction reversed as average weighted yield reverts back to February levels
9th Apr 15, 2:19pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 539 held on April 9, 2015.
Tender Date: Thursday, April 9, 2015
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday April 14, 2015
| Apr 9 - #539 | Mar 13 - #537 | Feb 15 - #535 | Dec 14 - #531 | Nov 14 - #531 | Oct 14 - #529 | |
| Series Offered | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 |
| Total Amount Offered ($million) | 200 | 300 | 300 | 300 | 300 | 300 |
| Total Amount Allocated ($million) | 200 | 300 | 300 | 300 | 300 | 300 |
| Total Number of Bids Received | 78 | 69 | 54 | 77 | 96 | 83 |
| Total Amount of Bids Received ($million) | 487 | 631 | 638 | 1,293 | 771 | 824 |
| Total Number of Successful Bids | 24 | 50 | 13 | 26 | 44 | 27 |
| Highest Yield Accepted (%) | 3.370 | 3.500 | 3.420 | 3.950 | 4.270 | 4.105 |
| Lowest Yield Accepted (%) | 3.340 | 3.450 | 3.335 | 3.920 | 4.235 | 4.080 |
| Highest Yield Rejected (%) | 3.500 | 3.600 | 3.580 | 4.015 | 4.345 | 4.260 |
| Lowest Yield Rejected (%) | 3.370 | 3.500 | 3.420 | 3.950 | 4.270 | 1.405 |
| Weighted Average Accepted Yield (%) | 3.3535 | 3.4790 | 3.3536 | 3.9363 | 4.2582 | 4.0930 |
| Weighted Average Rejected Yield (%) | 3.4109 | 3.5362 | 3.4457 | 3.9750 | 4.2975 | 4.1330 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 44.4 | 25.5 | 26.2 | 12.3 | 65.3 | 40 |
| Coverage ratio | 2.435 | 2.1033 | 2.127 | 4.310 | 2.57 | 2.747 |
*Individual allotments may vary due to rounding.
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