Bonds
Latest bond tender of NZ$300 mln 2027's received bids for NZ$631 mln and produces average weighted yield 13 bps higher than February auction (3.48% vs 3.35% previously)
13th Mar 15, 2:15pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 537 held on March 13, 2015.
Tender Date: Friday, March 13, 2015
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wednesday, March 18, 2015
Mar 13 - #537 | Feb 15 - #535 | Dec 14 - #531 | Nov 14 - #531 | Oct 14 - #529 | Aug 14 - #525 | |
Series Offered | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 3.00% 15 Apr 2020 |
Total Amount Offered ($million) | 300 | 300 | 300 | 300 | 300 | 200 |
Total Amount Allocated ($million) | 300 | 300 | 300 | 300 | 300 | 200 |
Total Number of Bids Received | 69 | 54 | 77 | 96 | 83 | 47 |
Total Amount of Bids Received ($million) | 631 | 638 | 1,293 | 771 | 824 | 955 |
Total Number of Successful Bids | 50 | 13 | 26 | 44 | 27 | 6 |
Highest Yield Accepted (%) | 3.500 | 3.420 | 3.950 | 4.270 | 4.105 | 4.090 |
Lowest Yield Accepted (%) | 3.450 | 3.335 | 3.920 | 4.235 | 4.080 | 4.085 |
Highest Yield Rejected (%) | 3.600 | 3.580 | 4.015 | 4.345 | 4.260 | 4.160 |
Lowest Yield Rejected (%) | 3.500 | 3.420 | 3.950 | 4.270 | 1.405 | 4.090 |
Weighted Average Accepted Yield (%) | 3.4790 | 3.3536 | 3.9363 | 4.2582 | 4.0930 | 4.0886 |
Weighted Average Rejected Yield (%) | 3.5362 | 3.4457 | 3.9750 | 4.2975 | 4.1330 | 4.1136 |
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 25.5 | 26.2 | 12.3 | 65.3 | 40 | 90.6 |
Coverage ratio | 2.1033 | 2.127 | 4.310 | 2.57 | 2.747 | 4.775 |
*Individual allotments may vary due to rounding.
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