Bonds
Latest bond tender of NZ$200 mln 2027's received bids for NZ$437 mln; coverage ratio improves, weighted average yield up a smidge
11th Sep 15, 2:14pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 551 held on September 11, 2015.
Tender Date: Friday, September 11, 2015
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wednesday, September 16, 2015
| Sept 11 - #551 | Aug 13 - #548 | Jul 9 - #545 | Jun 12 - #544 | May 14 - #542 | Apr 9 - #540 | |
| Series Offered | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 |
| Total Amount Offered ($million) | 200 | 200 | 200 | 300 | 300 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 300 | 300 | 200 |
| Total Number of Bids Received | 47 | 34 | 49 | 136 | 81 | 101 |
| Total Amount of Bids Received ($million) | 437 | 365 | 677 | 1,123 | 660 | 857 |
| Total Number of Successful Bids | 24 | 8 | 2 | 32 | 51 | 8 |
| Highest Yield Accepted (%) | 3.290 | 3.290 | 3.385 | 3.890 | 3.790 | 3.340 |
| Lowest Yield Accepted (%) | 3.260 | 3.260 | 3.375 | 3.850 | 3.710 | 3.320 |
| Highest Yield Rejected (%) | 3.490 | 3.390 | 3.500 | 4.095 | 4.415 | 3.495 |
| Lowest Yield Rejected (%) | 3.290 | 3.290 | 3.395 | 3.890 | 3.790 | 3.340 |
| Weighted Average Accepted Yield (%) | 3.2799 | 3.2676 | 3.3800 | 3.8702 | 3.7542 | 3.3364 |
| Weighted Average Rejected Yield (%) | 3.3142 | 3.3205 | 3.4236 | 3.9384 | 3.9738 | 3.3815 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 33.7 | 50 | 100 | 46.2 | 28.9 | 80.6 |
| Coverage ratio | 2.185 | 1.825 | 3.385 | 3.743 | 2.20 | 4.285 |
*Individual allotments may vary due to rounding.
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