NZ Govt Bond Tender #669; weighted average yield accepted was 2.22%; coverage ratio was 2.20x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 669 held on February 14, 2019.

Tender Date: Thursday, February 14, 2019

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, February 19, 2019

  Feb 14 - #669 Jan 17 - #664 Dec 14 - #663 Nov 9 - #661 Nov 9 - #658 Oct 11 - #654 Sep 13 - #650
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 ($million) 250 250 250 250 250 250 250
Total Number of Bids Received 53 38 43 63 57 85 57
Total Amount of Bids Received ($million) 551 397 447 722 549 840 769
Total Number of Successful Bids 19 18 19 11 25 18 15
Highest Yield Accepted (%) 2.2350 2.2900 2.4900 2.6000 2.8300 2.6300 2.5750
Lowest Yield Accepted (%) 2.2100 2.2550 2.4750 2.5900 2.7950 2.6150 2.5600
Highest Yield Rejected (%) 2.3100 2.3700 2.6000 2.6800 2.9400 2.6900 2.6300
Lowest Yield Rejected (%) 2.2350 2.2900 2.4900 2.6000 2.8300 2.6300 2.5750
Weighted Average Accepted Yield (%) 2.2236 2.2709 2.4828 2.5990 2.8179 2.6270 2.5711
Weighted Average Rejected Yield (%) 2.2592 2.3167 2.5084 2.6171 2.8534 2.6453 2.5891
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 25.8 10.0 61.2 69.3 80.0 65.3 87.5
Coverage ratio 2.2040 1.5880 1.7880 2.8880 2.1960 3.3600 3.0760

*Individual allotments may vary due to rounding.

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