Bonds
NZ Govt Bond Tender #656; weighted average accepted yield was 2.19%; coverage ratio was 5.6x
25th Oct 18, 2:08pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 656 held on October 25, 2018.
Tender Date: Thursday, October 25, 2018
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, October 30, 2018
| Oct 25 - #652 | Sep 28 - #652 | Aug 23 - #647 | Jul 26 - #643 | Jun 14 - #638 | May 24 - #635 | Apr 12 - #632 | Oct 19 - #617 | ||
| Series Offered | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | |
| Total Amount offered ($million) | 150 | 150 | 150 | 150 | 200 | 200 | 200 | 200 | |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 | 200 | 200 | 200 | 200 | |
| Total Number of bids Received | 39 | 52 | 46 | 44 | 27 | 38 | 41 | 43 | |
| Total Amount of bids Received ($million) | 836 | 722 | 787 | 513 | 435 | 797 | 604 | 532 | |
| Total Number of Successful bids | 4 | 4 | 12 | 17 | 13 | 13 | 14 | 20 | |
| Highest Yield Accepted (%) | 2.1900 | 2.2400 | 2.2300 | 2.4450 | 2.6200 | 2.5650 | 2.6250 | 2.7650 | |
| Lowest Yield Accepted (%) | 2.1850 | 2.2400 | 2.2200 | 2.4300 | 2.5950 | 2.5550 | 2.6150 | 2.7400 | |
| Highest Yield Rejected (%) | 2.2300 | 2.3050 | 2.3000 | 2.4900 | 2.6500 | 2.6300 | 2.6750 | 2.8300 | |
| Lowest Yield Rejected (%) | 2.1900 | 2.2400 | 2.2300 | 2.4450 | 2.6200 | 2.5650 | 2.6250 | 2.7650 | |
| Weighted Average Accepted Yield (%) | 2.1883 | 2.2400 | 2.2253 | 2.4386 | 2.6042 | 2.5632 | 2.6218 | 2.7545 | |
| Weighted Average Rejected Yield (%) | 2.2073 | 2.2652 | 2.2426 | 2.4604 | 2.6311 | 2.5741 | 2.6391 | 2.7942 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 74.1 | 85.7 | 15.4 | 9.3 | 7.1 | 41.6 | 59.9 | 76.9 | |
| Coverage ratio | 5.5733 | 4.8133 | 5.2467 | 3.4200 | 2.1750 | 3.9850 | 3.0200 | 2.6600 |
*Individual allotments may vary due to rounding.
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