Bonds
Latest bond tender of NZ$300 mln 2027's received bids for NZ$1.1bln; only 23.5% of bids successful; weighted average yield accepted up 12 bps
12th Jun 15, 2:10pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 544 held on June 12, 2015.
Tender Date: Friday, June 12, 2015
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wednesday, June 17, 2015
| Jun 12 - #544 | May 14 - #542 | Apr 9 - #540 | Apr 9 - #539 | Mar 13 - #537 | Feb 15 - #535 | |
| Series Offered | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 |
| Total Amount Offered ($million) | 300 | 300 | 200 | 200 | 300 | 300 |
| Total Amount Allocated ($million) | 300 | 300 | 200 | 200 | 300 | 300 |
| Total Number of Bids Received | 136 | 81 | 101 | 78 | 69 | 54 |
| Total Amount of Bids Received ($million) | 1,123 | 660 | 857 | 487 | 631 | 638 |
| Total Number of Successful Bids | 32 | 51 | 8 | 24 | 50 | 13 |
| Highest Yield Accepted (%) | 3.890 | 3.790 | 3.340 | 3.370 | 3.500 | 3.420 |
| Lowest Yield Accepted (%) | 3.850 | 3.710 | 3.320 | 3.340 | 3.450 | 3.335 |
| Highest Yield Rejected (%) | 4.095 | 4.415 | 3.495 | 3.500 | 3.600 | 3.580 |
| Lowest Yield Rejected (%) | 3.890 | 3.790 | 3.340 | 3.370 | 3.500 | 3.420 |
| Weighted Average Accepted Yield (%) | 3.8702 | 3.7542 | 3.3364 | 3.3535 | 3.4790 | 3.3536 |
| Weighted Average Rejected Yield (%) | 3.9384 | 3.9738 | 3.3815 | 3.4109 | 3.5362 | 3.4457 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 46.2 | 28.9 | 80.6 | 44.4 | 25.5 | 26.2 |
| Coverage ratio | 3.743 | 2.20 | 4.285 | 2.435 | 2.1033 | 2.127 |
*Individual allotments may vary due to rounding.
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