NZ Govt Bond Tender #680; weighted average accepted yield was 2.09%; coverage ratio was 2.23x

NZ Govt Bond Tender #680; weighted average accepted yield was 2.09%; coverage ratio was 2.23x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 680 held on May 16, 2019.

Tender Date: Thursday, May 16, 2019

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, May 21, 2019

  May 16 - #680 Apr 18 - #677 Mar 21 - #673 Feb 21 - #669 Jan 24 - #665 Nov 15 - #659   May 26 - #633
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) 150 150 200 200

200

150   150
Total Amount Allocated ($million) 150 150 200 200 200 150   150
Total Number of Bids Received 40 47 53 70 28 47   30
Total Amount of Bids Received ($million) 335 373 498 576 236 428   349
Total Number of Successful Bids 19 6 21 18 22 19   12
Highest Yield Accepted (%) 2.0950 2.3450 2.3850 2.6150 2.7400 3.0750   3.3450
Lowest Yield Accepted (%) 2.0600 2.3400 2.3700 2.5950 2.6750 3.0600   3.3250
Highest Yield Rejected (%) 2.1850 2.4450 2.4800 2.7000 2.8100 3.1500   3.4000
Lowest Yield Rejected (%) 2.0950 2.3450 2.3850 2.6150 2.7400 3.0750   3.3450
Weighted Average Accepted Yield (%) 2.0865 2.3423 2.3779 2.6079 2.6998 3.0687   3.3321
Weighted Average Rejected Yield (%) 2.1145 2.3763 2.4029 2.6370 2.7775 3.0892   3.3662
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 75.0 78.7 27.3 86.7 64.7 35.4   11.1
Coverage ratio 2.2333 2.4867 2.4900 2.8800 1.1800 2.8533   2.3267

*Individual allotments may vary due to rounding.

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