Bonds
NZ Govt Bond Tender #655; weighted average accepted yield was 3.00%; coverage ratio was 3.51x
18th Oct 18, 2:11pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 655 held on October 18, 2018.
Tender Date: Thursday, October 18, 2018
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, October 24, 2018
| Oct 18 - #655 | Sep 20 - #651 | Aug 16 - #646 | Jul 19 - #642 | Jun 21 - #639 | May 31 - #636 | |
| 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 ($million) | 150 | 150 | 150 | 150 | 200 | 200 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 | 200 | 200 |
| Total Number of Bids Received | 46 | 48 | 47 | 65 | 30 | 53 |
| Total Amount of Bids Received ($million) | 526 | 431 | 371 | 686 | 232 | 490 |
| Total Number of Successful Bids | 14 | 16 | 18 | 7 | 27 | 22 |
| Highest Yield Accepted (%) | 3.0100 | 3.0050 | 2.8950 | 3.1750 | 3.3000 | 3.2550 |
| Lowest Yield Accepted (%) | 2.9900 | 2.9900 | 2.8700 | 3.1700 | 3.2350 | 3.2250 |
| Highest Yield Rejected (%) | 3.0800 | 3.0600 | 2.9800 | 3.2500 | 3.3250 | 3.3350 |
| Lowest Yield Rejected (%) | 3.0100 | 3.0050 | 2.8950 | 3.1750 | 3.3000 | 3.2550 |
| Weighted Average Accepted Yield (%) | 3.0041 | 3.0000 | 2.8887 | 3.1730 | 3.2631 | 3.2423 |
| Weighted Average Rejected Yield (%) | 3.0239 | 3.0194 | 2.9141 | 3.1956 | 3.3103 | 3.2842 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 39.1 | 79.5 | 58.5 | 98.9 | 60.0 | 34.5 |
| Coverage ratio | 3.5067 | 2.8733 | 2.4733 | 4.5733 | 1.1600 | 2.4500 |
*Individual allotments may vary due to rounding.
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