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.

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