NZ Govt Bond Tender #669; weighted average accepted yield was 2.61%; coverage ratio was 2.88x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 669 held on February 21, 2019.

Tender Date: Thursday, February 21, 2019

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, February 26, 2019

  Feb 21 - #669 Jan 24 - #665 Nov 15 - #659 Oct 18 - #655 Sep 20 - #651 Aug 16 - #646 Jul 19 - #642
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

200

150 150 150 150 150
Total Amount Allocated ($million) 200 200 150 150 150 150 150
Total Number of Bids Received 70 28 47 46 48 47 65
Total Amount of Bids Received ($million) 576 236 428 526 431 371 686
Total Number of Successful Bids 18 22 19 14 16 18 7
Highest Yield Accepted (%) 2.6150 2.7400 3.0750 3.0100 3.0050 2.8950 3.1750
Lowest Yield Accepted (%) 2.5950 2.6750 3.0600 2.9900 2.9900 2.8700 3.1700
Highest Yield Rejected (%) 2.7000 2.8100 3.1500 3.0800 3.0600 2.9800 3.2500
Lowest Yield Rejected (%) 2.6150 2.7400 3.0750 3.0100 3.0050 2.8950 3.1750
Weighted Average Accepted Yield (%) 2.6079 2.6998 3.0687 3.0041 3.0000 2.8887 3.1730
Weighted Average Rejected Yield (%) 2.6370 2.7775 3.0892 3.0239 3.0194 2.9141 3.1956
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 86.7 64.7 35.4 39.1 79.5 58.5 98.9
Coverage ratio 2.8800 1.1800 2.8533 3.5067 2.8733 2.4733 4.5733

*Individual allotments may vary due to rounding.

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