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NZ Govt Bond Tender #642; weighted average accepted yield was 3.17%; coverage ratio was 4.57x

Bonds
NZ Govt Bond Tender #642; weighted average accepted yield was 3.17%; coverage ratio was 4.57x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 642 held on July 19, 2018.

Tender Date: Thursday, July 19, 2018

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, July 24, 2018

  Jul 19 - #642 Jun 21 - #639 May 31 - #636 Apr 19 - #633 Jun 23 - #607 May 26 - #604
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
Total Amount Offered ($million) 150 200 200 200 150 150
Total Amount Allocated ($million) 150 200 200 200 150 150
Total Number of Bids Received 65 30 53 57 51 30
Total Amount of Bids Received ($million) 686 232 490 529 502 349
Total Number of Successful Bids 7 27 22 19 19 12
Highest Yield Accepted (%) 3.1750 3.3000 3.2550 3.4000 3.2850 3.3450
Lowest Yield Accepted (%) 3.1700 3.2350 3.2250 3.3850 3.2650 3.3250
Highest Yield Rejected (%) 3.2500 3.3250 3.3350 3.4900 3.3550 3.4000
Lowest Yield Rejected (%) 3.1750 3.3000 3.2550 3.4000 3.2850 3.3450
Weighted Average Accepted Yield (%) 3.1730 3.2631 3.2423 3.3918 3.2779 3.3321
Weighted Average Rejected Yield (%) 3.1956 3.3103 3.2842 3.4199 3.3118 3.3662
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 98.9 60.0 34.5 37.7 58.5 11.1
Coverage ratio 4.5733 1.1600 2.4500 2.6450 3.3467 2.3267

*Individual allotments may vary due to rounding.

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