Bonds
Govt Bond Tender #707; weighted average yield accepted was 1.50%; coverage ratio was 2.53x
13th Dec 19, 8:27am
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 707 held on December 12, 2019.
Tender Date: Thursday, December 12, 2019
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, December 17, 2019
| Â | Oct 09 - #707 | Oct 09 - #703 | Oct 09 - #701 | Oct 09 - #698 | Sep 12 - #695 | Aug 8 - #691 | Jul 11 - #687 | Jun 13 - #683 | May 9 - #679 |
| 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 | 3.00% 20 Apr 2029 | 3.00% 20 Apr 2029 |
| Total Amount Offered ($million) | 250 | 250 | 150 | 250 | 250 | 250 | 250 | 250 | 200 |
| Total Amount Allocated ($million) | 250 | 250 | 150 | 250 | 250 | 250 | 250 | 250 | 200 |
| Total Number of Bids Received | 43 | 51 | 38 | 49 | 26 | 47 | 51 | 54 | 41 |
| Total Amount of Bids Received ($million) | 633 | 610 | 425 | 494 | 330 | 758 | 732 | 722 | 503 |
| Total Number of Successful Bids | 12 | 17 | 11 | 20 | 18 | 11 | 7 | 25 | 14 |
| Highest Yield Accepted (%) | 1.5050 | 1.4350 | 1.3200 | 1.0500 | 1.3000 | 1.1200 | 1.5350 | 1.6950 | 1.8350 |
| Lowest Yield Accepted (%) | 1.4900 | 1.4250 | 1.3000 | 1.0250 | 1.2700 | 1.1100 | 1.5300 | 1.6750 | 1.8200 |
| Highest Yield Rejected (%) | 1.5450 | 1.5200 | 1.3900 | 1.1300 | 1.4500 | 1.2000 | 1.6400 | 1.7600 | 1.9300 |
| Lowest Yield Rejected (%) | 1.5050 | 1.4350 | 1.3200 | 1.0500 | 1.3050 | 1.1200 | 1.5350 | 1.6950 | 1.8350 |
| Weighted Average Accepted Yield (%) | 1.4988 | 1.4308 | 1.3071 | 1.0396 | 1.2898 | 1.1169 | 1.5346 | 1.6869 | 1.8281 |
| Weighted Average Rejected Yield (%) | 1.5148 | 1.4574 | 1.3335 | 1.0774 | 1.3756 | 1.1436 | 1.5625 | 1.7076 | 1.8592 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 46.60 | 69.2 | 20.5 | 80.0 | 100.0 | 92.4 | 84.6 | 9.1 | 34.3 |
| Coverage ratio | 2.5320 | 2.4400 | 2.8333 | 1.9760 | 1.3200 | 3.0320 | 2.9280 | 2.8880 | 2.5150 |
*Individual allotments may vary due to rounding.
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