NZ Govt Bond Tender #681; weighted average accepted yield was 1.46%; coverage ratio was 2.0x

NZ Govt Bond Tender #681; weighted average accepted yield was 1.46%; coverage ratio was 2.0x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 681 held on May 23, 2019.

Tender Date: Thursday, May 23, 2019

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, May 23, 2019

  May 23 - #681 Mar 28 - #674 Feb 28 - #670 Jan 31 - #666 Nov 22 - #660 Oct 25 - #656 Sep 28 - #652   Feb 18 - #635
Series Offered 2.75% 15 April 2025 2.75% 15 April 2025 2.75% 15 April 2025 2.75% 15 April 2025 2.75% 15 April 2025 2.75% 15 April 2025 2.75% 15 April 2025   2.75% 15 April 2025
Total Amount offered ($million) 150 200 200 200 150 150 150   200
Total Amount Allocated ($million) 150 200 200 200 150 150 150   200
Total Number of bids Received 20 26 37 44 30 39 52   38
Total Amount of bids Received ($million) 307 484 697 871 507 836 722   797
Total Number of Successful bids 10 7 19 11 6 4 4   13
Highest Yield Accepted (%) 1.4550 1.4500 1.8200 1.9150 2.3800 2.1900 2.2400   2.5650
Lowest Yield Accepted (%) 1.4350 1.4300 1.7950 1.9050 2.3750 2.1850 2.2400   2.5550
Highest Yield Rejected (%) 1.4700 1.4900 1.8700 1.9600 2.4300 2.2300 2.3050   2.6300
Lowest Yield Rejected (%) 1.4550 1.4500 1.8200 1.9150 2.3800 2.1900 2.2400   2.5650
Weighted Average Accepted Yield (%) 1.4452 1.4456 1.8098 1.9118 2.3793 2.1883 2.2400   2.5632
Weighted Average Rejected Yield (%) 1.4632 1.4608 1.8399 1.9290 2.3922 2.2073 2.2652   2.5741
Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* 3.2 75.6 29.5 81.5 59.5 74.1 85.7   41.6
Coverage ratio 2.0467 2.4200 3.4850 4.3550 3.3800 5.5733 4.8133   3.9850

*Individual allotments may vary due to rounding.

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