Bonds
NZ Govt Bond Tender #665; weighted average accepted yield was 2.70%; coverage ratio was 1.18x
24th Jan 19, 2:08pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 665 held on January 24, 2019.
Tender Date: Thursday, January 24, 2019
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, January 29, 2019
| Jan 24 - #665 | Nov 15 - #659 | Oct 18 - #655 | Sep 20 - #651 | Aug 16 - #646 | Jul 19 - #642 | Dec 16 - #591 | |
| 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 | 2.75% 15 Apr 2037 |
| Total Amount Offered ($million) |
200 |
150 | 150 | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 200 | 150 | 150 | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 28 | 47 | 46 | 48 | 47 | 65 | 47 |
| Total Amount of Bids Received ($million) | 236 | 428 | 526 | 431 | 371 | 686 | 428 |
| Total Number of Successful Bids | 22 | 19 | 14 | 16 | 18 | 7 | 19 |
| Highest Yield Accepted (%) | 2.7400 | 3.0750 | 3.0100 | 3.0050 | 2.8950 | 3.1750 | 3.0750 |
| Lowest Yield Accepted (%) | 2.6750 | 3.0600 | 2.9900 | 2.9900 | 2.8700 | 3.1700 | 3.0600 |
| Highest Yield Rejected (%) | 2.8100 | 3.1500 | 3.0800 | 3.0600 | 2.9800 | 3.2500 | 3.1500 |
| Lowest Yield Rejected (%) | 2.7400 | 3.0750 | 3.0100 | 3.0050 | 2.8950 | 3.1750 | 3.0750 |
| Weighted Average Accepted Yield (%) | 2.6998 | 3.0687 | 3.0041 | 3.0000 | 2.8887 | 3.1730 | 3.0687 |
| Weighted Average Rejected Yield (%) | 2.7775 | 3.0892 | 3.0239 | 3.0194 | 2.9141 | 3.1956 | 3.0892 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 64.7 | 35.4 | 39.1 | 79.5 | 58.5 | 98.9 | 35.4 |
| Coverage ratio | 1.1800 | 2.8533 | 3.5067 | 2.8733 | 2.4733 | 4.5733 | 2.8533 |
*Individual allotments may vary due to rounding.
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