Bonds
NZ Govt Bond Tender #639; weighted average accepted yield of 3.26%; coverage ratio was 1.16x
21st Jun 18, 2:09pm
by
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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