Bonds
Latest bond tender of NZ$200 mln received bids for NZ$831 mln with 10 year bonds yielding 3.485%
2nd Apr 13, 8:41am
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 490 held on March 28, 2013.
Tender Date: Thu, 28 Mar 2013
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Thu, 4 Apr 2013
| Series Offered | 6% 15 Apr 2015 | 5.50% 15 Apr 2023 |
| Total Amount Offered ($million) | 100 | 100 |
| Total Amount Allocated ($million) | 100 | 100 |
| Total Number of Bids Received | 10 | 28 |
| Total Amount of Bids Received ($million) | 330 | 501 |
| Total Number of Successful Bids | 3 | 2 |
| Highest Yield Accepted (%) | 2.410 | 3.490 |
| Lowest Yield Accepted (%) | 2.400 | 3.480 |
| Highest Yield Rejected (%) | 2.500 | 3.650 |
| Lowest Yield Rejected (%) | 2.420 | 3.520 |
| Weighted Average Accepted Yield (%) | 2.4075 | 3.4850 |
| Weighted Average Rejected Yield (%) | 2.4706 | 3.5561 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 60 | 100 |
| Coverage ratio | 3.30 | 5.01 |
*Individual allotments may vary due to rounding.
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