Bonds
Latest bond tender of NZ$200 mln received bids for NZ$1.341 bln with 10 year bonds yielding 3.7985%
16th Mar 13, 4:18pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 488 held on March 15, 2013.
Tender Date: Fri, 15 Mar 2013
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wed, 20 Mar 2013
| Series Offered | 5.00% 15 Mar 2019 | 5.50% 15 Apr 2023 |
| Total Amount Offered ($million) | 100 | 100 |
| Total Amount Allocated ($million) | 100 | 100 |
| Total Number of Bids Received | 26 | 46 |
| Total Amount of Bids Received ($million) | 641 | 700 |
| Total Number of Successful Bids | 4 | 4 |
| Highest Yield Accepted (%) | 3.300 | 3.805 |
| Lowest Yield Accepted (%) | 3.280 | 3.790 |
| Highest Yield Rejected (%) | 3.44 | 3.925 |
| Lowest Yield Rejected (%) | 3.31 | 3.810 |
| Weighted Average Accepted Yield (%) | 3.2925 | 3.7985 |
| Weighted Average Rejected Yield (%) | 3.3431 | 3.8464 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50 | 67 |
| Coverage ratio | 6.41 | 7.0 |
*Individual allotments may vary due to rounding.
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