Bonds
NZ Govt Bond Tender #615; weighted average yield accepted rises to 2.91% and coverage ratio rises to 3.19x
21st Sep 17, 2:10pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 615 held on September 21, 2017.
Tender Date: Thursday, September 21, 2017
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, September 26, 2017
| Sep 17 - #615 | Aug 17 - #612 | Jul 20 - #609 | Jun 15 - #606 | May 18 - #603 | Sep 16 - #582 | ||
| 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 ($million) | 200 |
200 |
200 | 150 | 150 | 150 | |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 150 | 150 | 150 | |
| Total Number of bids Received | 41 | 32 | 36 | 44 | 30 | 39 | |
| Total Amount of bids Received ($million) | 638 | 410 | 400 | 643 | 512 | 480 | |
| Total Number of Successful bids | 12 | 20 | 15 | 14 | 1 | 18 | |
| Highest Yield Accepted (%) | 2.9150 | 2.7100 | 2.8300 | 2.6300 | 2.6950 | 2.3850 | |
| Lowest Yield Accepted (%) | 2.8950 | 2.6900 | 2.8050 | 2.6150 | 2.6950 | 2.3600 | |
| Highest Yield Rejected (%) | 2.9950 | 2.7800 | 2.9300 | 2.7100 | 2.7600 | 2.4450 | |
| Lowest Yield Rejected (%) | 2.9150 | 2.7150 | 2.8300 | 2.6300 | 2.7000 | 2.3850 | |
| Weighted Average Accepted Yield (%) | 2.9072 | 2.7020 | 2.8190 | 2.6222 | 2.6950 | 2.3762 | |
| Weighted Average Rejected Yield (%) | 2.9392 | 2.7418 | 2.8576 | 2.6627 | 2.7256 | 2.4129 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 52.4 | 100.0 | 90.0 | 27.8 | 100.0 | 83.3 | |
| Coverage ratio | 3.1900 | 2.0500 | 2.0000 | 4.2867 | 3.4133 | 3.2000 |
*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.