Bonds
First 2020 Government nominal tender for 2016 sees coverage ratio rise again on strong demand; average weighted accepted yield drops to 2.56% (previously 2.87%)
18th Feb 16, 2:13pm
by
NZDMO has announced the results of Nominal Government Bond tender number 562 held on 18 February 2016.
Tender Date: Thu, 18 Feb 2016
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tues, 23 Feb 2016
| Series Offered: 3.00% 15 Apr 2020 | Today #562 | 26-Nov-15 #558 |
22-Oct-15 #555 |
24-Sep-15 #553 |
27-Aug-15 #550 |
24-Jul-15 #547 |
| Total Amount Offered ($million) | 100 | 200 | 200 | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 100 | 200 | 200 | 200 | 200 | 200 |
| Total Number of Bids Received | 32 | 58 | 30 | |||
| Total Amount of Bids Received ($million) | 589 | 1,052 | 527 | 569 | 600 | 1,056 |
| Total Number of Successful Bids | 9 | 12 | 15 | |||
| Highest Yield Accepted (%) | 2.570 | 2.880 | 2.740 | 2.680 | 2.660 | 2.725 |
| Lowest Yield Accepted (%) | 2.550 | 2.855 | 2.710 | 2.690 | 2.675 | 2.730 |
| Highest Yield Rejected (%) | 2.650 | 3.000 | 2.800 | 2.690 | 2.675 | 2.735 |
| Lowest Yield Rejected (%) | 2.570 | 2.880 | 2.740 | 2.750 | 2.760 | 2.820 |
| Weighted Average Accepted Yield (%) | 2.5600 | 2.8721 | 2.727 | 2.685 | 2.667 | 2.729 |
| Weighted Average Rejected Yield (%) | 2.5861 | 2.9170 | 2.7664 | 2.719 | 2.700 | 2.758 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 3.1 | 66.7 | 52.6 | |||
| Coverage Ratio | 5.8900 | 5.260 | 2.635 | 2.845 | 3.000 | 5.280 |
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.