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NZ Govt Bond Tender #633; weighted average accepted yields was at 3.39%; coverage ratio was at 2.65x

Bonds
NZ Govt Bond Tender #633; weighted average accepted yields was at 3.39%; coverage ratio was at 2.65x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 633 held on April 19, 2018.

Tender Date: Thursday, April 19, 2018

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, April 24, 2018

  Apr 19 - #633 Jun 23 - #607 May 26 - #604 Apr 27 - #601 Mar 24 - #598 Feb 23 - #596
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 ($million) 200 150 150 150 150 150
Total Amount Allocated ($million) 200 150 150 150 150 150
Total Number of Bids Received 57 51 30 51 37 57
Total Amount of Bids Received ($million) 529 502 349 495 421 626
Total Number of Successful Bids 19 19 12 15 20 12
Highest Yield Accepted (%) 3.4000 3.2850 3.3450 3.5550 3.8600 3.9500
Lowest Yield Accepted (%) 3.3850 3.2650 3.3250 3.5400 3.8300 3.9350
Highest Yield Rejected (%) 3.4900 3.3550 3.4000 3.6250 3.9350 4.0500
Lowest Yield Rejected (%) 3.4000 3.2850 3.3450 3.5550 3.8600 3.9500
Weighted Average Accepted Yield (%) 3.3918 3.2779 3.3321 3.5518 3.8436 3.9458
Weighted Average Rejected Yield (%) 3.4199 3.3118 3.3662 3.5724 3.8979 3.9709
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 37.7 58.5 11.1 81.6 8.1 41.7
Coverage ratio 2.6450 3.3467 2.3267 3.3000 2.8067 4.1733

*Individual allotments may vary due to rounding.

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