NZ Govt Bond Tender #679; weighted average yield accepted was 1.83%; coverage ratio was 2.52x

NZ Govt Bond Tender #679; weighted average yield accepted was 1.83%; coverage ratio was 2.52x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 679 held on May 9, 2019.

Tender Date: Thursday, May 9, 2019

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, May 14, 2019

  May 9 - #679 Apr 11 - #676 Mar 14 - #672 Feb 14 - #668 Jan 17 - #664 Dec 14 - #663 Nov 9 - #661
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) 200 250 250

250

250 250 250
Total Amount Allocated ($million) 200 250 250 250 250 250 250
Total Number of Bids Received 41 54 32 53 38 43 63
Total Amount of Bids Received ($million) 503 777 640 551 397 447 722
Total Number of Successful Bids 14 25 3 19 18 19 11
Highest Yield Accepted (%) 1.8350 2.0450 2.0300 2.2350 2.2900 2.4900 2.6000
Lowest Yield Accepted (%) 1.8200 2.0250 2.0300 2.2100 2.2550 2.4750 2.5900
Highest Yield Rejected (%) 1.9300 2.1250 2.1050 2.3100 2.3700 2.6000 2.6800
Lowest Yield Rejected (%) 1.8350 2.0450 2.0300 2.2350 2.2900 2.4900 2.6000
Weighted Average Accepted Yield (%) 1.8281 2.0361 2.0300 2.2236 2.2709 2.4828 2.5990
Weighted Average Rejected Yield (%) 1.8592 2.0647 2.0574 2.2592 2.3167 2.5084 2.6171
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 34.3 9.0 96.2 25.8 10.0 61.2 69.3
Coverage ratio 2.5150 3.1080 2.5600 2.2040 1.5880 1.7880 2.8880

*Individual allotments may vary due to rounding.

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