Bonds
Tender of NZ$150 mln 2033's received bids for NZ$612 mln; high coverage ratio but lowest ratio of successful to total bids so far; weighted average yield falls to 3.17% (previously 3.36%)
29th Apr 16, 2:14pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 569 held on April 29, 2016.
Tender Date: Friday, April 29, 2016
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wednesday, May 4, 2016
| Apr 29 - #569 | Mar 24 - #566 | Feb 25 - #563 | |
| Series Offered | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 |
| Total Amount Offered ($million) | 150 | 100 | 100 |
| Total Amount Allocated ($million) | 150 | 100 | 100 |
| Total Number of Bids Received | 57 | 29 | 45 |
| Total Amount of Bids Received ($million) | 612 | 272 | 370 |
| Total Number of Successful Bids | 13 | 8 | 11 |
| Highest Yield Accepted (%) | 3.185 | 3.365 | 3.315 |
| Lowest Yield Accepted (%) | 3.150 | 3.345 | 3.305 |
| Highest Yield Rejected (%) | 3.220 | 3.440 | 3.400 |
| Lowest Yield Rejected (%) | 3.185 | 3.365 | 3.315 |
| Weighted Average Accepted Yield (%) | 3.1649 | 3.3602 | 3.3084 |
| Weighted Average Rejected Yield (%) | 3.2013 | 3.3781 | 3.3331 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 8.1 | 56.7 | 21.8 |
| Coverage ratio | 4.08 | 2.72 | 3.70 |
*Individual allotments may vary due to rounding.
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