NZ Govt Bond Tender #661; weighted average yield accepted was 2.60%; coverage ratio was 2.59x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 661 held on November 29, 2018.

Tender Date: Thursday, November 29, 2018

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, December 4, 2018

  Nov 9 - #661 Nov 9 - #658 Oct 11 - #654 Sep 13 - #650 Aug 30 - #648 Aug 10 - #645
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 3.00% 20 Apr 2029
Total Amount Offered ($million) 250 250 250 250 250 250
Total Amount Allocated ($million) 250 250 250 250 250 250
Total Number of Bids Received 63 57 85 57 59 64
Total Amount of Bids Received ($million) 722 549 840 769 731 873
Total Number of Successful Bids 11 25 18 15 27 3
Highest Yield Accepted (%) 2.6000 2.8300 2.6300 2.5750 2.5800 2.5900
Lowest Yield Accepted (%) 2.5900 2.7950 2.6150 2.5600 2.5500 2.5800
Highest Yield Rejected (%) 2.6800 2.9400 2.6900 2.6300 2.6500 2.7100
Lowest Yield Rejected (%) 2.6000 2.8300 2.6300 2.5750 2.5800 2.5950
Weighted Average Accepted Yield (%) 2.5990 2.8179 2.6270 2.5711 2.5676 2.5860
Weighted Average Rejected Yield (%) 2.6171 2.8534 2.6453 2.5891 2.6036 2.6304
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 69.3 80.0 65.3 87.5 18.3 100.0
Coverage ratio 2.8880 2.1960 3.3600 3.0760 2.9240 3.4920

*Individual allotments may vary due to rounding.

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