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Latest bond tender of NZ$200 mln received bids for NZ$1.166 bln with 10 year bonds yielding 3.9296%

Bonds
Latest bond tender of NZ$200 mln received bids for NZ$1.166 bln with 10 year bonds yielding 3.9296%

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 485 held on 21 February 2013.

Tender Date: Thu, 21 Feb 2013

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tue, 26 Feb 2013

Series Offered 6.00% 15 Dec 2017 5.50% 15 Apr 2023
Total Amount Offered ($million) 100 100
Total Amount Allocated ($million) 100 100
Total Number of Bids Received 30 50
Total Amount of Bids Received ($million) 331 835
Total Number of Successful Bids 4 12
Highest Yield Accepted (%) 3.270 3.940
Lowest Yield Accepted (%) 3.260 3.920
Highest Yield Rejected (%) 3.400 4.060
Lowest Yield Rejected (%) 3.280 3.945
Weighted Average Accepted Yield (%) 3.2675 3.9296
Weighted Average Rejected Yield (%) 3.3236 3.9636
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 60 15

*Individual allotments may vary due to rounding.

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