sign up log in
Want to go ad-free? Find out how, here.

NZ Govt Bond Tender #664; weighted average yield accepted was 2.27%; coverage ratio was 1.59x

Bonds
NZ Govt Bond Tender #664; weighted average yield accepted was 2.27%; coverage ratio was 1.59x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 664 held on January 17, 2019.

Tender Date: Thursday, January 17, 2019

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Wednesday, January 23, 2019

  Jan 17 - #664 Dec 14 - #663 Nov 9 - #661 Nov 9 - #658 Oct 11 - #654 Sep 13 - #650 Aug 30 - #648
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 3.00% 20 Apr 2029
Total Amount Offered ($million) 250 250 250 250 250 250 250
Total Amount Allocated ($million) 250 250 250 250 250 250 250
Total Number of Bids Received 38 43 63 57 85 57 59
Total Amount of Bids Received ($million) 397 447 722 549 840 769 731
Total Number of Successful Bids 18 19 11 25 18 15 27
Highest Yield Accepted (%) 2.2900 2.4900 2.6000 2.8300 2.6300 2.5750 2.5800
Lowest Yield Accepted (%) 2.2550 2.4750 2.5900 2.7950 2.6150 2.5600 2.5500
Highest Yield Rejected (%) 2.3700 2.6000 2.6800 2.9400 2.6900 2.6300 2.6500
Lowest Yield Rejected (%) 2.2900 2.4900 2.6000 2.8300 2.6300 2.5750 2.5800
Weighted Average Accepted Yield (%) 2.2709 2.4828 2.5990 2.8179 2.6270 2.5711 2.5676
Weighted Average Rejected Yield (%) 2.3167 2.5084 2.6171 2.8534 2.6453 2.5891 2.6036
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 10.0 61.2 69.3 80.0 65.3 87.5 18.3
Coverage ratio 1.5880 1.7880 2.8880 2.1960 3.3600 3.0760 2.9240

*Individual allotments may vary due to rounding.

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.