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Latest bond tender of NZ$200 mln received bids for NZ$630 mln with an average weighted yield of 4.46% for new April 2027 maturity

Bonds
Latest bond tender of NZ$200 mln received bids for NZ$630 mln with an average weighted yield of 4.46% for new April 2027 maturity

The results from the latest nominal Government bond offer by the Treasury's Debt Management Office have been released.

This was for a new twelve year maturity of April 15, 2027

The coverage ratio was better than the inflation-linked auction a few days ago, but much less than the last nominal bond tender.

This auction happened at 2pm September 18, 2014.

Settlement date of these is September 23, 2014.

4.50% - 15 April 2027 Today # 527 Prior #525
Series offered 4.50%
Apr 15, 2027
3.00%
Apr 15, 2020
Total Amount Offered ($million) 200 200
Total Amount Allocated ($million) 200 200
Total Number of Bids Received 72 47
Total Amount of Bids Received ($million) 630 955
Total Number of Successful Bids 28 6
Highest Yield Accepted (%) 4.470 4.090
Lowest Yield Accepted (%) 4.430 4.085
Highest Yield Rejected (%) 4.580 4.160
Lowest Yield Rejected (%) 4.470 4.090
Weighted Average Accepted Yield (%) 4.4590 4.0886
Weighted Average Rejected Yield (%) 4.4962 4.1136
Amount Allotted at Highest Accepted Yield
as Percentage of Amount Bid at that Yield*
84.6 90.6
Coverage Ratio 3.15 4.775

*Individual allotments may vary due to rounding.

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