Bonds
Tender 604 of NZ$150 mln 2037's received bids of NZ$349 mln at a coverage ratio of 2.3; average weighted yield of 3.33%, 22 bps below previous tender, has fallen for five consecutive months
26th May 17, 2:15pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 604 held on May 26, 2017.
Tender Date: Friday, May 26, 2017
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wednesday, May 31, 2017
| May 26 - #604 | Apr 27 - #601 | Mar 24 - #598 | Feb 23 - #596 | Jan 26 - #593 | Dec 15 - #591 | |
| Series Offered | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 |
| Total Amount Offered ($million) | 150 | 150 | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 30 | 51 | 37 | 57 | 54 | 41 |
| Total Amount of Bids Received ($million) | 349 | 495 | 421 | 626 | 544 | 465 |
| Total Number of Successful Bids | 12 | 15 | 20 | 12 | 14 | 19 |
| Highest Yield Accepted (%) | 3.3450 | 3.5550 | 3.8600 | 3.9500 | 4.0250 | 4.0650 |
| Lowest Yield Accepted (%) | 3.3250 | 3.5400 | 3.8300 | 3.9350 | 3.9950 | 4.0400 |
| Highest Yield Rejected (%) | 3.4000 | 3.6250 | 3.9350 | 4.0500 | 4.1400 | 4.1400 |
| Lowest Yield Rejected (%) | 3.3450 | 3.5550 | 3.8600 | 3.9500 | 4.0250 | 4.0650 |
| Weighted Average Accepted Yield (%) | 3.3321 | 3.5518 | 3.8436 | 3.9458 | 4.0122 | 4.0568 |
| Weighted Average Rejected Yield (%) | 3.3662 | 3.5724 | 3.8979 | 3.9709 | 4.0640 | 4.0912 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 11.1 | 81.6 | 8.1 | 41.7 | 85.7 | 25.0 |
| Coverage ratio | 2.3267 | 3.3000 | 2.8067 | 4.1733 | 3.6267 | 3.1000 |
*Individual allotments may vary due to rounding.
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