Bonds
NZ Govt Bond Tender #652; weighted average accepted yield was 2.24%; coverage ratio was 4.8x
28th Sep 18, 2:09pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 652 held on September 28, 2018.
Tender Date: Friday, September 28, 2018
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wednesday, October 3, 2018
| Sep 28 - #652 | Aug 23 - #647 | Jul 26 - #643 | Jun 14 - #638 | May 24 - #635 | Apr 12 - #632 | Feb 15 - #627 | Sep 21 - #615 | ||
| 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 ($million) | 150 | 150 | 150 | 200 | 200 | 200 | 200 | 200 | |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 200 | 200 | 200 | 200 | 200 | |
| Total Number of bids Received | 52 | 46 | 44 | 27 | 38 | 41 | 40 | 41 | |
| Total Amount of bids Received ($million) | 722 | 787 | 513 | 435 | 797 | 604 | 557 | 638 | |
| Total Number of Successful bids | 4 | 12 | 17 | 13 | 13 | 14 | 12 | 12 | |
| Highest Yield Accepted (%) | 2.2400 | 2.2300 | 2.4450 | 2.6200 | 2.5650 | 2.6250 | 2.7800 | 2.9150 | |
| Lowest Yield Accepted (%) | 2.2400 | 2.2200 | 2.4300 | 2.5950 | 2.5550 | 2.6150 | 2.7600 | 2.8950 | |
| Highest Yield Rejected (%) | 2.3050 | 2.3000 | 2.4900 | 2.6500 | 2.6300 | 2.6750 | 2.8750 | 2.9950 | |
| Lowest Yield Rejected (%) | 2.2400 | 2.2300 | 2.4450 | 2.6200 | 2.5650 | 2.6250 | 2.7800 | 2.9150 | |
| Weighted Average Accepted Yield (%) | 2.2400 | 2.2253 | 2.4386 | 2.6042 | 2.5632 | 2.6218 | 2.7719 | 2.9072 | |
| Weighted Average Rejected Yield (%) | 2.2652 | 2.2426 | 2.4604 | 2.6311 | 2.5741 | 2.6391 | 2.8046 | 2.9392 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 85.7 | 15.4 | 9.3 | 7.1 | 41.6 | 59.9 | 73.7 | 52.4 | |
| Coverage ratio | 4.8133 | 5.2467 | 3.4200 | 2.1750 | 3.9850 | 3.0200 | 2.7850 | 3.1900 |
*Individual allotments may vary due to rounding.
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