Bonds
NZ Govt Bond Tender #660; weighted average accepted yield was 2.38%; coverage ratio was 3.4x
22nd Nov 18, 3:18pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 660 held on November 22, 2018.
Tender Date: Thursday, November 22, 2018
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, November 27, 2018
| Nov 22 - #656 | Oct 25 - #652 | Sep 28 - #652 | Aug 23 - #647 | Jul 26 - #643 | Jun 14 - #638 | May 24 - #635 | 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 ($million) | 150 | 150 | 150 | 150 | 150 | 200 | 200 | 200 | |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 | 150 | 200 | 200 | 200 | |
| Total Number of bids Received | 30 | 39 | 52 | 46 | 44 | 27 | 38 | 33 | |
| Total Amount of bids Received ($million) | 507 | 836 | 722 | 787 | 513 | 435 | 797 | 523 | |
| Total Number of Successful bids | 6 | 4 | 4 | 12 | 17 | 13 | 13 | 15 | |
| Highest Yield Accepted (%) | 2.3800 | 2.1900 | 2.2400 | 2.2300 | 2.4450 | 2.6200 | 2.5650 | 2.6800 | |
| Lowest Yield Accepted (%) | 2.3750 | 2.1850 | 2.2400 | 2.2200 | 2.4300 | 2.5950 | 2.5550 | 2.6550 | |
| Highest Yield Rejected (%) | 2.4300 | 2.2300 | 2.3050 | 2.3000 | 2.4900 | 2.6500 | 2.6300 | 2.7450 | |
| Lowest Yield Rejected (%) | 2.3800 | 2.1900 | 2.2400 | 2.2300 | 2.4450 | 2.6200 | 2.5650 | 2.6850 | |
| Weighted Average Accepted Yield (%) | 2.3793 | 2.1883 | 2.2400 | 2.2253 | 2.4386 | 2.6042 | 2.5632 | 2.6711 | |
| Weighted Average Rejected Yield (%) | 2.3922 | 2.2073 | 2.2652 | 2.2426 | 2.4604 | 2.6311 | 2.5741 | 2.7056 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 59.5 | 74.1 | 85.7 | 15.4 | 9.3 | 7.1 | 41.6 | 100.0 | |
| Coverage ratio | 3.3800 | 5.5733 | 4.8133 | 5.2467 | 3.4200 | 2.1750 | 3.9850 | 2.6150 |
*Individual allotments may vary due to rounding.
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