NZ Govt Bond Tender #645; weighted average yield accepted was 2.59%; coverage ratio was 3.49x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 645 held on August 10, 2018.

Tender Date: Friday, August 10, 2018

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Wednesday, August 15, 2018

  Aug 10 - #645 Jul 12 - #641
Series Offered 3.00% 20 Apr 2029 3.00% 20 Apr 2029
Total Amount Offered ($million) 250 250
Total Amount Allocated ($million) 250 250
Total Number of Bids Received 64 51
Total Amount of Bids Received ($million) 873 463
Total Number of Successful Bids 3 28
Highest Yield Accepted (%) 2.5900 2.8700
Lowest Yield Accepted (%) 2.5800 2.8400
Highest Yield Rejected (%) 2.7100 2.9300
Lowest Yield Rejected (%) 2.5950 2.8700
Weighted Average Accepted Yield (%) 2.5860 2.8597
Weighted Average Rejected Yield (%) 2.6304 2.8836
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100.0 46.3
Coverage ratio 3.4920 1.8520

*Individual allotments may vary due to rounding.

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