Bonds
NZ Govt Bond Tender #669; weighted average accepted yield was 2.61%; coverage ratio was 2.88x
21st Feb 19, 2:08pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 669 held on February 21, 2019.
Tender Date: Thursday, February 21, 2019
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, February 26, 2019
| Feb 21 - #669 | Jan 24 - #665 | Nov 15 - #659 | Oct 18 - #655 | Sep 20 - #651 | Aug 16 - #646 | Jul 19 - #642 | |
| 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 ($million) | 200 |
200 |
150 | 150 | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 200 | 200 | 150 | 150 | 150 | 150 | 150 |
| Total Number of Bids Received | 70 | 28 | 47 | 46 | 48 | 47 | 65 |
| Total Amount of Bids Received ($million) | 576 | 236 | 428 | 526 | 431 | 371 | 686 |
| Total Number of Successful Bids | 18 | 22 | 19 | 14 | 16 | 18 | 7 |
| Highest Yield Accepted (%) | 2.6150 | 2.7400 | 3.0750 | 3.0100 | 3.0050 | 2.8950 | 3.1750 |
| Lowest Yield Accepted (%) | 2.5950 | 2.6750 | 3.0600 | 2.9900 | 2.9900 | 2.8700 | 3.1700 |
| Highest Yield Rejected (%) | 2.7000 | 2.8100 | 3.1500 | 3.0800 | 3.0600 | 2.9800 | 3.2500 |
| Lowest Yield Rejected (%) | 2.6150 | 2.7400 | 3.0750 | 3.0100 | 3.0050 | 2.8950 | 3.1750 |
| Weighted Average Accepted Yield (%) | 2.6079 | 2.6998 | 3.0687 | 3.0041 | 3.0000 | 2.8887 | 3.1730 |
| Weighted Average Rejected Yield (%) | 2.6370 | 2.7775 | 3.0892 | 3.0239 | 3.0194 | 2.9141 | 3.1956 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 86.7 | 64.7 | 35.4 | 39.1 | 79.5 | 58.5 | 98.9 |
| Coverage ratio | 2.8800 | 1.1800 | 2.8533 | 3.5067 | 2.8733 | 2.4733 | 4.5733 |
*Individual allotments may vary due to rounding.
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