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NZ Govt Bond Tender #659; weighted average accepted yield was 3.07%; coverage ratio was 2.85x

Bonds
NZ Govt Bond Tender #659; weighted average accepted yield was 3.07%; coverage ratio was 2.85x

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 659 held on November 15, 2018.

Tender Date: Thursday, November 15, 2018

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, November 20, 2018

  Nov 15 - #659 Oct 18 - #655 Sep 20 - #651 Aug 16 - #646 Jul 19 - #642 Jun 21 - #639
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 ($million) 150 150 150 150 150 200
Total Amount Allocated ($million) 150 150 150 150 150 200
Total Number of Bids Received 47 46 48 47 65 30
Total Amount of Bids Received ($million) 428 526 431 371 686 232
Total Number of Successful Bids 19 14 16 18 7 27
Highest Yield Accepted (%) 3.0750 3.0100 3.0050 2.8950 3.1750 3.3000
Lowest Yield Accepted (%) 3.0600 2.9900 2.9900 2.8700 3.1700 3.2350
Highest Yield Rejected (%) 3.1500 3.0800 3.0600 2.9800 3.2500 3.3250
Lowest Yield Rejected (%) 3.0750 3.0100 3.0050 2.8950 3.1750 3.3000
Weighted Average Accepted Yield (%) 3.0687 3.0041 3.0000 2.8887 3.1730 3.2631
Weighted Average Rejected Yield (%) 3.0892 3.0239 3.0194 2.9141 3.1956 3.3103
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 35.4 39.1 79.5 58.5 98.9 60.0
Coverage ratio 2.8533 3.5067 2.8733 2.4733 4.5733 1.1600

*Individual allotments may vary due to rounding.

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