Bonds
Latest 2020 Government nominal tender #568; recent trend of leaving unsatisfied demand continues; average weighted accepted yield continues to decline, now 2.20% (previously 2.26%)
21st Apr 16, 2:20pm
by
NZDMO has announced the results of Nominal Government Bond tender number 568 held on 21 April 2016.
Tender Date: Thu, 21 Apr 2016
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wed, 27 Apr 2016
| Series Offered: 3.00% 15 Apr 2020 | Today #568 | 17-Mar-16 #565 |
18-Feb-16 #562 |
26-Nov-15 #558 |
22-Oct-15 #555 |
| Total Amount Offered ($million) | 150 | 100 | 100 | 200 | 200 |
| Total Amount Allocated ($million) | 150 | 100 | 100 | 200 | 200 |
| Total Number of Bids Received | 44 | 37 | 32 | 58 | 30 |
| Total Amount of Bids Received ($million) | 792 | 736 | 589 | 1,052 | 527 |
| Total Number of Successful Bids | 16 | 7 | 9 | 12 | 15 |
| Highest Yield Accepted (%) | 2.220 | 2.275 | 2.570 | 2.880 | 2.740 |
| Lowest Yield Accepted (%) | 2.185 | 2.255 | 2.550 | 2.855 | 2.710 |
| Highest Yield Rejected (%) | 2.315 | 2.400 | 2.650 | 3.000 | 2.800 |
| Lowest Yield Rejected (%) | 2.220 | 2.275 | 2.570 | 2.880 | 2.740 |
| Weighted Average Accepted Yield (%) | 2.2030 | 2.2642 | 2.5600 | 2.8721 | 2.727 |
| Weighted Average Rejected Yield (%) | 2.2498 | 2.3115 | 2.5861 | 2.9170 | 2.7664 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 4.1 | 33.3 | 3.1 | 66.7 | 52.6 |
| Coverage Ratio | 5.280 | 7.360 | 5.890 | 5.260 | 2.635 |
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