Bonds
NZ Govt Bond Tender #603; total amount allotted to one bidder at a yield of 2.6950%; bonds attracted total bids of 512 mln - a coverage ratio of 3.4133
18th May 17, 2:21pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 603 held on May 18, 2017.
Tender Date: Thursday, May 18, 2017
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, May 23, 2017
| May 18 - #603 | Apr 20 - #600 | Mar 16 - #597 | Feb 16 - #595 | Jan 19 - #592 | Nov 17 - #588 | |
| Series Offered | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 |
| Total Amount offered ($million) | 150 | 150 | 200 | 200 | 200 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 200 | 200 | 200 | 150 |
| Total Number of bids Received | 30 | 48 | 56 | 39 | 44 | 40 |
| Total Amount of bids Received ($million) | 512 | 675 | 1425 | 552 | 440 | 740 |
| Total Number of Successful bids | 1 | 7 | 9 | 14 | 22 | 5 |
| Highest Yield Accepted (%) | 2.6950 | 2.8950 | 3.1350 | 3.2350 | 3.1400 | 2.8800 |
| Lowest Yield Accepted (%) | 2.6950 | 2.8850 | 3.1200 | 3.2150 | 3.1200 | 2.8700 |
| Highest Yield Rejected (%) | 2.7600 | 3.0050 | 3.2050 | 3.2750 | 3.1750 | 2.9550 |
| Lowest Yield Rejected (%) | 2.7000 | 2.8950 | 3.1350 | 3.2350 | 3.1400 | 2.8800 |
| Weighted Average Accepted Yield (%) | 2.6950 | 2.8890 | 3.1301 | 3.2252 | 3.1328 | 2.8772 |
| Weighted Average Rejected Yield (%) | 2.7256 | 2.9406 | 3.1596 | 3.2494 | 3.1559 | 2.9026 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 100.0 | 50.0 | 58.3 | 70.6 | 72.7 | 87.5 |
| Coverage ratio | 3.4133 | 4.5000 | 7.1250 | 2.7600 | 2.2000 | 4.9333 |
*Individual allotments may vary due to rounding.
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