Bonds
NZ Govt Bond Tender #666; weighted average accepted yield was 1.91%; coverage ratio was 4.4x
31st Jan 19, 2:08pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 666 held on January 31, 2019.
Tender Date: Thursday, January 31, 2019
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, February 5, 2019
| Jan 31 - #666 | Nov 22 - #660 | Oct 25 - #656 | Sep 28 - #652 | Aug 23 - #647 | Jul 26 - #643 | Jun 14 - #638 | Jan 18 - #624 | ||
| 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 ($million) | 200 | 150 | 150 | 150 | 150 | 150 | 200 | 200 | |
| Total Amount Allocated ($million) | 200 | 150 | 150 | 150 | 150 | 150 | 200 | 200 | |
| Total Number of bids Received | 44 | 30 | 39 | 52 | 46 | 44 | 27 | 35 | |
| Total Amount of bids Received ($million) | 871 | 507 | 836 | 722 | 787 | 513 | 435 | 662 | |
| Total Number of Successful bids | 11 | 6 | 4 | 4 | 12 | 17 | 13 | 10 | |
| Highest Yield Accepted (%) | 1.9150 | 2.3800 | 2.1900 | 2.2400 | 2.2300 | 2.4450 | 2.6200 | 2.6900 | |
| Lowest Yield Accepted (%) | 1.9050 | 2.3750 | 2.1850 | 2.2400 | 2.2200 | 2.4300 | 2.5950 | 2.6800 | |
| Highest Yield Rejected (%) | 1.9600 | 2.4300 | 2.2300 | 2.3050 | 2.3000 | 2.4900 | 2.6500 | 2.7400 | |
| Lowest Yield Rejected (%) | 1.9150 | 2.3800 | 2.1900 | 2.2400 | 2.2300 | 2.4450 | 2.6200 | 2.6900 | |
| Weighted Average Accepted Yield (%) | 1.9118 | 2.3793 | 2.1883 | 2.2400 | 2.2253 | 2.4386 | 2.6042 | 2.6875 | |
| Weighted Average Rejected Yield (%) | 1.9290 | 2.3922 | 2.2073 | 2.2652 | 2.2426 | 2.4604 | 2.6311 | 2.7089 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 81.5 | 59.5 | 74.1 | 85.7 | 15.4 | 9.3 | 7.1 | 78.9 | |
| Coverage ratio | 4.3550 | 3.3800 | 5.5733 | 4.8133 | 5.2467 | 3.4200 | 2.1750 | 3.3100 |
*Individual allotments may vary due to rounding.
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