Bonds
Latest 2020 Government nominal tender #574; Investors can't get enough of the 2020 maturity; 5.5x coverage ratio; average weighted yield close to 2.09%
16th Jun 16, 2:16pm
by
NZDMO has announced the results of Nominal Government Bond tender number 574 held on 16 June 2016.
Tender Date: Thu, 16 June 2016
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tue, 21 June 2016
| Series Offered: 3.00% 15 Apr 2020 | Today #574 | 19-May-16 #571 | 21-Apr-16 #568 | 17-Mar-16 #565 |
18-Feb-16 #562 |
26-Nov-15 #558 |
| Total Amount Offered ($million) | 150 | 150 | 150 | 100 | 100 | 200 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 100 | 100 | 200 |
| Total Number of Bids Received | 32 | 43 | 44 | 37 | 32 | 58 |
| Total Amount of Bids Received ($million) | 825 | 747 | 792 | 736 | 589 | 1,052 |
| Total Number of Successful Bids | 5 | 13 | 16 | 7 | 9 | 12 |
| Highest Yield Accepted (%) | 2.090 | 2.210 | 2.220 | 2.275 | 2.570 | 2.880 |
| Lowest Yield Accepted (%) | 2.080 | 2.190 | 2.185 | 2.255 | 2.550 | 2.855 |
| Highest Yield Rejected (%) | 2.150 | 2.285 | 2.315 | 2.400 | 2.650 | 3.000 |
| Lowest Yield Rejected (%) | 2.090 | 2.210 | 2.220 | 2.275 | 2.570 | 2.880 |
| Weighted Average Accepted Yield (%) | 2.0867 | 2.2018 | 2.2030 | 2.2642 | 2.5600 | 2.8721 |
| Weighted Average Rejected Yield (%) | 2.1109 | 2.2380 | 2.2498 | 2.3115 | 2.5861 | 2.9170 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 85 | 41.7 | 4.1 | 33.3 | 3.1 | 66.7 |
| Coverage Ratio | 5.500 | 4.980 | 5.280 | 7.360 | 5.890 | 5.260 |
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