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Latest bond tender of NZ$300 mln 2027's received bids for NZ$771 mln with an average weighted yield of 4.26% (previously 4.09%)

Bonds
Latest bond tender of NZ$300 mln 2027's received bids for NZ$771 mln with an average weighted yield of 4.26% (previously 4.09%)

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 531 held on November 20, 2014.

Tender Date: Thursday, November 20, 2014

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, November 25, 2014

  Nov 14 - #531 Oct 14 - #529 Aug 14 - #525 Jul 17 - #523 Jun 19- #521 May 16 - #520
Series Offered 4.50% 15 Apr 2027 4.50% 15 Apr 2027 3.00% 15 Apr 2020 3.00% 15 Apr 2020 3.00% 15 Apr 2020 3.00% 15 Apr 2020
Total Amount Offered ($million) 300 300 200 200 300 200
Total Amount Allocated ($million) 300 300 200 200 300 200
Total Number of Bids Received 96 83 47 34 47 45
Total Amount of Bids Received ($million) 771 824 955 677 1,112 566
Total Number of Successful Bids 44 27 6 9 11 23
Highest Yield Accepted (%) 4.270 4.105 4.090 4.200 4.245 4.135
Lowest Yield Accepted (%) 4.235 4.080 4.085 4.180 4.215 4.090
Highest Yield Rejected (%) 4.345 4.260 4.160 4.350 4.320 4.220
Lowest Yield Rejected (%) 4.270 1.405 4.090 4.200 4.245 4.135
Weighted Average Accepted Yield (%) 4.2582 4.0930 4.0886 4.1915 4.2348 4.1135
Weighted Average Rejected Yield (%) 4.2975 4.1330 4.1136 4.2585 4.2691 4.1719
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 65.3 40 90.6 55.6 20.8 40
Coverage ratio 2.57 2.747 4.775 3.385 3.707 2.830

*Individual allotments may vary due to rounding.

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