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NZ Govt Bond Tender #639; weighted average accepted yield of 3.26%; coverage ratio was 1.16x

Bonds
NZ Govt Bond Tender #639; weighted average accepted yield of 3.26%; coverage ratio was 1.16x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 639 held on June 21, 2018.

Tender Date: Thursday, June 21, 2018

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, June 26, 2018

  Jun 21 - #639 May 31 - #636 Apr 19 - #633 Jun 23 - #607 May 26 - #604 Apr 27 - #601
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 ($million) 200 200 200 150 150 150
Total Amount Allocated ($million) 200 200 200 150 150 150
Total Number of Bids Received 30 53 57 51 30 51
Total Amount of Bids Received ($million) 232 490 529 502 349 495
Total Number of Successful Bids 27 22 19 19 12 15
Highest Yield Accepted (%) 3.3000 3.2550 3.4000 3.2850 3.3450 3.5550
Lowest Yield Accepted (%) 3.2350 3.2250 3.3850 3.2650 3.3250 3.5400
Highest Yield Rejected (%) 3.3250 3.3350 3.4900 3.3550 3.4000 3.6250
Lowest Yield Rejected (%) 3.3000 3.2550 3.4000 3.2850 3.3450 3.5550
Weighted Average Accepted Yield (%) 3.2631 3.2423 3.3918 3.2779 3.3321 3.5518
Weighted Average Rejected Yield (%) 3.3103 3.2842 3.4199 3.3118 3.3662 3.5724
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 60.0 34.5 37.7 58.5 11.1 81.6
Coverage ratio 1.1600 2.4500 2.6450 3.3467 2.3267 3.3000

*Individual allotments may vary due to rounding.

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