NZ Govt Bond Tender #665; weighted average accepted yield was 2.70%; coverage ratio was 1.18x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 665 held on January 24, 2019.

Tender Date: Thursday, January 24, 2019

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, January 29, 2019

  Jan 24 - #665 Nov 15 - #659 Oct 18 - #655 Sep 20 - #651 Aug 16 - #646 Jul 19 - #642 Dec 16 - #591
Series Offered 2.75% 15 Apr 2037 2.75% 15 Apr 2037 2.75% 15 Apr 2037 2.75% 15 Apr 2037 2.75% 15 Apr 2037 2.75% 15 Apr 2037 2.75% 15 Apr 2037
Total Amount Offered ($million)

200

150 150 150 150 150 150
Total Amount Allocated ($million) 200 150 150 150 150 150 150
Total Number of Bids Received 28 47 46 48 47 65 47
Total Amount of Bids Received ($million) 236 428 526 431 371 686 428
Total Number of Successful Bids 22 19 14 16 18 7 19
Highest Yield Accepted (%) 2.7400 3.0750 3.0100 3.0050 2.8950 3.1750 3.0750
Lowest Yield Accepted (%) 2.6750 3.0600 2.9900 2.9900 2.8700 3.1700 3.0600
Highest Yield Rejected (%) 2.8100 3.1500 3.0800 3.0600 2.9800 3.2500 3.1500
Lowest Yield Rejected (%) 2.7400 3.0750 3.0100 3.0050 2.8950 3.1750 3.0750
Weighted Average Accepted Yield (%) 2.6998 3.0687 3.0041 3.0000 2.8887 3.1730 3.0687
Weighted Average Rejected Yield (%) 2.7775 3.0892 3.0239 3.0194 2.9141 3.1956 3.0892
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 64.7 35.4 39.1 79.5 58.5 98.9 35.4
Coverage ratio 1.1800 2.8533 3.5067 2.8733 2.4733 4.5733 2.8533

*Individual allotments may vary due to rounding.

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