Bonds
NZ Govt Bond Tender #609; weighted average yield rises to 2.82% and coverage ratio falls to 2.0x
20th Jul 17, 2:30pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 609 held on July 20, 2017.
Tender Date: Thursday, July 20, 2017
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, July 25, 2017
| Jul 20 - #609 | Jun 15 - #606 | May 18 - #603 | Apr 20 - #600 | Mar 16 - #597 | Feb 16 - #595 | |
| 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 ($million) | 200 | 150 | 150 | 150 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 150 | 150 | 150 | 200 | 200 |
| Total Number of bids Received | 36 | 44 | 30 | 48 | 56 | 39 |
| Total Amount of bids Received ($million) | 400 | 643 | 512 | 675 | 1425 | 552 |
| Total Number of Successful bids | 15 | 14 | 1 | 7 | 9 | 14 |
| Highest Yield Accepted (%) | 2.8300 | 2.6300 | 2.6950 | 2.8950 | 3.1350 | 3.2350 |
| Lowest Yield Accepted (%) | 2.8050 | 2.6150 | 2.6950 | 2.8850 | 3.1200 | 3.2150 |
| Highest Yield Rejected (%) | 2.9300 | 2.7100 | 2.7600 | 3.0050 | 3.2050 | 3.2750 |
| Lowest Yield Rejected (%) | 2.8300 | 2.6300 | 2.7000 | 2.8950 | 3.1350 | 3.2350 |
| Weighted Average Accepted Yield (%) | 2.8190 | 2.6222 | 2.6950 | 2.8890 | 3.1301 | 3.2252 |
| Weighted Average Rejected Yield (%) | 2.8576 | 2.6627 | 2.7256 | 2.9406 | 3.1596 | 3.2494 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 90.0 | 27.8 | 100.0 | 50.0 | 58.3 | 70.6 |
| Coverage ratio | 2.0000 | 4.2867 | 3.4133 | 4.5000 | 7.1250 | 2.7600 |
*Individual allotments may vary due to rounding.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.