Bonds
NZ Govt Bond Tender #668; weighted average yield accepted was 2.22%; coverage ratio was 2.20x
14th Feb 19, 2:13pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 668 held on February 14, 2019.
Tender Date: Thursday, February 14, 2019
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, February 19, 2019
| Feb 14 - #668 | Jan 17 - #664 | Dec 14 - #663 | Nov 9 - #661 | Nov 9 - #658 | Oct 11 - #654 | Sep 13 - #650 | |
| Series Offered | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 |
| Total Amount Offered ($million) |
250 |
250 | 250 | 250 | 250 | 250 | 250 |
| Total Amount Allocated ($million) | 250 | 250 | 250 | 250 | 250 | 250 | 250 |
| Total Number of Bids Received | 53 | 38 | 43 | 63 | 57 | 85 | 57 |
| Total Amount of Bids Received ($million) | 551 | 397 | 447 | 722 | 549 | 840 | 769 |
| Total Number of Successful Bids | 19 | 18 | 19 | 11 | 25 | 18 | 15 |
| Highest Yield Accepted (%) | 2.2350 | 2.2900 | 2.4900 | 2.6000 | 2.8300 | 2.6300 | 2.5750 |
| Lowest Yield Accepted (%) | 2.2100 | 2.2550 | 2.4750 | 2.5900 | 2.7950 | 2.6150 | 2.5600 |
| Highest Yield Rejected (%) | 2.3100 | 2.3700 | 2.6000 | 2.6800 | 2.9400 | 2.6900 | 2.6300 |
| Lowest Yield Rejected (%) | 2.2350 | 2.2900 | 2.4900 | 2.6000 | 2.8300 | 2.6300 | 2.5750 |
| Weighted Average Accepted Yield (%) | 2.2236 | 2.2709 | 2.4828 | 2.5990 | 2.8179 | 2.6270 | 2.5711 |
| Weighted Average Rejected Yield (%) | 2.2592 | 2.3167 | 2.5084 | 2.6171 | 2.8534 | 2.6453 | 2.5891 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 25.8 | 10.0 | 61.2 | 69.3 | 80.0 | 65.3 | 87.5 |
| Coverage ratio | 2.2040 | 1.5880 | 1.7880 | 2.8880 | 2.1960 | 3.3600 | 3.0760 |
*Individual allotments may vary due to rounding.
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