Bonds
NZ Govt Bond Tender #654; weighted average yield accepted was 2.63%; coverage ratio was 3.36x
11th Oct 18, 2:16pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 650 held on September 13, 2018.
Tender Date: Thursday, October 11, 2018
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, October 16, 2018
| Oct 11 - #654 | Sep 13 - #650 | Aug 30 - #648 | Aug 10 - #645 | Jul 12 - #641 | |
| Series Offered | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 |
| Total Amount Offered ($million) | 250 | 250 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 250 | 250 |
| Total Number of Bids Received | 85 | 57 | 59 | 64 | 51 |
| Total Amount of Bids Received ($million) | 840 | 769 | 731 | 873 | 463 |
| Total Number of Successful Bids | 18 | 15 | 27 | 3 | 28 |
| Highest Yield Accepted (%) | 2.6300 | 2.5750 | 2.5800 | 2.5900 | 2.8700 |
| Lowest Yield Accepted (%) | 2.6150 | 2.5600 | 2.5500 | 2.5800 | 2.8400 |
| Highest Yield Rejected (%) | 2.6900 | 2.6300 | 2.6500 | 2.7100 | 2.9300 |
| Lowest Yield Rejected (%) | 2.6300 | 2.5750 | 2.5800 | 2.5950 | 2.8700 |
| Weighted Average Accepted Yield (%) | 2.6270 | 2.5711 | 2.5676 | 2.5860 | 2.8597 |
| Weighted Average Rejected Yield (%) | 2.6453 | 2.5891 | 2.6036 | 2.6304 | 2.8836 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 65.3 | 87.5 | 18.3 | 100.0 | 46.3 |
| Coverage ratio | 3.3600 | 3.0760 | 2.9240 | 3.4920 | 1.8520 |
*Individual allotments may vary due to rounding.
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