NZ Govt Bond Tender #655; weighted average accepted yield was 3.00%; coverage ratio was 3.51x

NZ Govt Bond Tender #655; weighted average accepted yield was 3.00%; coverage ratio was 3.51x

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.

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