Bonds
NZ Govt Bond Tender #621; weighted average yield accepted falls to 3.13% and coverage ratio falls to 2.48x
23rd Nov 17, 2:11pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 621 held on November 23, 2017.
Tender Date: Thursday, Thursday 23, 2017
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, November 28, 2017
| Nov 23 - #621 | Oct 26 - #618 | Sep 29 - #616 | Aug 24 - #613 | Jul 27 - #610 | Nov 24 - #589 | Oct 27 - #586 | Sep 23 - #583 | Jul 28 - #578 | |
| Series Offered | 3.50% 14 April 2033 | 3.50% 14 April 2033 | 3.50% 14 April 2033 | 3.50% 14 April 2033 | 3.50% 14 April 2033 | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 |
| Total Amount Offered ($million) | 150 | 150 |
150 |
150 |
150 |
150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 46 | 53 | 44 | 41 | 46 | 48 | 56 | 57 | 42 |
| Total Amount of Bids Received ($million) | 372 | 429 | 500 | 335 | 405 | 496 | 557 | 811 | 348 |
| Total Number of Successful Bids | 18 | 23 | 13 | 20 | 21 | 19 | 21 | 10 | 13 |
| Highest Yield Accepted (%) | 3.1400 | 3.3800 | 3.3050 | 3.3000 | 3.3100 | 3.560 | 2.995 | 2.760 | 2.570 |
| Lowest Yield Accepted (%) | 3.1250 | 3.3500 | 3.2900 | 3.2750 | 3.2850 | 3.540 | 2.965 | 2.735 | 2.540 |
| Highest Yield Rejected (%) | 3.2100 | 3.4500 | 3.3800 | 3.3700 | 3.4000 | 3.600 | 3.090 | 2.820 | 2.645 |
| Lowest Yield Rejected (%) | 3.1400 | 3.3800 | 3.3050 | 3.3000 | 3.3100 | 3.560 | 2.995 | 2.760 | 2.575 |
| Weighted Average Accepted Yield (%) | 3.1338 | 3.3655 | 3.2958 | 3.2883 | 3.2996 | 3.5517 | 2.9843 | 2.7503 | 2.5630 |
| Weighted Average Rejected Yield (%) | 3.1610 | 3.4142 | 3.3390 | 3.3266 | 3.3453 | 3.5789 | 3.0150 | 2.7794 | 2.5990 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 60.6 | 36.4 | 20.0 | 44.4 | 96.8 | 35.6 | 22.2 | 31.9 | 100 |
| Coverage ratio | 2.4800 | 2.8600 | 3.3333 | 2.2333 | 2.7000 | 3.3067 | 3.7133 | 5.4067 | 2.3200 |
*Individual allotments may vary due to rounding.
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