Bonds
NZ Govt Bond Tender #635; weighted average accepted yield down to 2.56%; coverage ratio up to 3.99x
24th May 18, 2:08pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 635 held on May 24, 2018.
Tender Date: Thursday, May 24, 2018
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, May 29, 2018
| May 24 - #635 | Apr 12 - #632 | Feb 15 - #627 | Jan 18 - #624 | Dec 15 - #623 | Nov 15 - #620 | Oct 19 - #617 | May 18 - #603 | ||
| 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 ($million) | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 150 | |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 150 | |
| Total Number of bids Received | 38 | 41 | 40 | 35 | 44 | 33 | 43 | 30 | |
| Total Amount of bids Received ($million) | 797 | 604 | 557 | 662 | 772 | 523 | 532 | 512 | |
| Total Number of Successful bids | 13 | 14 | 12 | 10 | 11 | 15 | 20 | 1 | |
| Highest Yield Accepted (%) | 2.5650 | 2.6250 | 2.7800 | 2.6900 | 2.5700 | 2.6800 | 2.7650 | 2.6950 | |
| Lowest Yield Accepted (%) | 2.5550 | 2.6150 | 2.7600 | 2.6800 | 2.5500 | 2.6550 | 2.7400 | 2.6950 | |
| Highest Yield Rejected (%) | 2.6300 | 2.6750 | 2.8750 | 2.7400 | 2.6400 | 2.7450 | 2.8300 | 2.7600 | |
| Lowest Yield Rejected (%) | 2.5650 | 2.6250 | 2.7800 | 2.6900 | 2.5700 | 2.6850 | 2.7650 | 2.7000 | |
| Weighted Average Accepted Yield (%) | 2.5632 | 2.6218 | 2.7719 | 2.6875 | 2.5601 | 2.6711 | 2.7545 | 2.6950 | |
| Weighted Average Rejected Yield (%) | 2.5741 | 2.6391 | 2.8046 | 2.7089 | 2.5902 | 2.7056 | 2.7942 | 2.7256 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 41.6 | 59.9 | 73.7 | 78.9 | 5.2 | 100.0 | 76.9 | 100.0 | |
| Coverage ratio | 3.9850 | 3.0200 | 2.7850 | 3.3100 | 3.8600 | 2.6150 | 2.6600 | 3.4133 |
*Individual allotments may vary due to rounding.
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