NZ Govt Bond Tender #655; weighted average accepted yield was 3.00%; coverage ratio was 3.51x
18th Oct 18, 2:11pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 655 held on October 18, 2018.
Tender Date: Thursday, October 18, 2018
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, October 24, 2018
| Oct 18 - #655 | Sep 20 - #651 | Aug 16 - #646 | Jul 19 - #642 | Jun 21 - #639 | May 31 - #636 | |
| 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 ($million) | 150 | 150 | 150 | 150 | 200 | 200 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 | 200 | 200 |
| Total Number of Bids Received | 46 | 48 | 47 | 65 | 30 | 53 |
| Total Amount of Bids Received ($million) | 526 | 431 | 371 | 686 | 232 | 490 |
| Total Number of Successful Bids | 14 | 16 | 18 | 7 | 27 | 22 |
| Highest Yield Accepted (%) | 3.0100 | 3.0050 | 2.8950 | 3.1750 | 3.3000 | 3.2550 |
| Lowest Yield Accepted (%) | 2.9900 | 2.9900 | 2.8700 | 3.1700 | 3.2350 | 3.2250 |
| Highest Yield Rejected (%) | 3.0800 | 3.0600 | 2.9800 | 3.2500 | 3.3250 | 3.3350 |
| Lowest Yield Rejected (%) | 3.0100 | 3.0050 | 2.8950 | 3.1750 | 3.3000 | 3.2550 |
| Weighted Average Accepted Yield (%) | 3.0041 | 3.0000 | 2.8887 | 3.1730 | 3.2631 | 3.2423 |
| Weighted Average Rejected Yield (%) | 3.0239 | 3.0194 | 2.9141 | 3.1956 | 3.3103 | 3.2842 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 39.1 | 79.5 | 58.5 | 98.9 | 60.0 | 34.5 |
| Coverage ratio | 3.5067 | 2.8733 | 2.4733 | 4.5733 | 1.1600 | 2.4500 |
*Individual allotments may vary due to rounding.
We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.