Bonds
Tender #607 of NZ$150 mln 2037's saw strong demand with a coverage ratio of 3.3; weighted average yield for accepted bids was 3.28%
23rd Jun 17, 2:22pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 607 held on June 23, 2017.
Tender Date: Friday, June 23, 2017
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wednesday, June 28, 2017
| Jun 23 - #607 | May 26 - #604 | Apr 27 - #601 | Mar 24 - #598 | Feb 23 - #596 | Jan 26 - #593 | |
| Series Offered | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 |
| Total Amount Offered ($million) | 150 | 150 | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 51 | 30 | 51 | 37 | 57 | 54 |
| Total Amount of Bids Received ($million) | 502 | 349 | 495 | 421 | 626 | 544 |
| Total Number of Successful Bids | 19 | 12 | 15 | 20 | 12 | 14 |
| Highest Yield Accepted (%) | 3.2850 | 3.3450 | 3.5550 | 3.8600 | 3.9500 | 4.0250 |
| Lowest Yield Accepted (%) | 3.2650 | 3.3250 | 3.5400 | 3.8300 | 3.9350 | 3.9950 |
| Highest Yield Rejected (%) | 3.3550 | 3.4000 | 3.6250 | 3.9350 | 4.0500 | 4.1400 |
| Lowest Yield Rejected (%) | 3.2850 | 3.3450 | 3.5550 | 3.8600 | 3.9500 | 4.0250 |
| Weighted Average Accepted Yield (%) | 3.2779 | 3.3321 | 3.5518 | 3.8436 | 3.9458 | 4.0122 |
| Weighted Average Rejected Yield (%) | 3.3118 | 3.3662 | 3.5724 | 3.8979 | 3.9709 | 4.0640 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 58.5 | 11.1 | 81.6 | 8.1 | 41.7 | 85.7 |
| Coverage ratio | 3.3467 | 2.3267 | 3.3000 | 2.8067 | 4.1733 | 3.6267 |
*Individual allotments may vary due to rounding.
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