Bonds
Latest bond tender of NZ$200 mln 2027's received bids for NZ$857 mln; massive interest in this maturity but tiny number of successful bids
16th Apr 15, 2:29pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 540 held on April 16, 2015.
Tender Date: Thursday, April 16, 2015
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday April 21, 2015
| Apr 9 - #540 | Apr 9 - #539 | Mar 13 - #537 | Feb 15 - #535 | Dec 14 - #531 | Nov 14 - #531 | |
| Series Offered | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 |
| Total Amount Offered ($million) | 200 | 200 | 300 | 300 | 300 | 300 |
| Total Amount Allocated ($million) | 200 | 200 | 300 | 300 | 300 | 300 |
| Total Number of Bids Received | 101 | 78 | 69 | 54 | 77 | 96 |
| Total Amount of Bids Received ($million) | 857 | 487 | 631 | 638 | 1,293 | 771 |
| Total Number of Successful Bids | 8 | 24 | 50 | 13 | 26 | 44 |
| Highest Yield Accepted (%) | 3.340 | 3.370 | 3.500 | 3.420 | 3.950 | 4.270 |
| Lowest Yield Accepted (%) | 3.320 | 3.340 | 3.450 | 3.335 | 3.920 | 4.235 |
| Highest Yield Rejected (%) | 3.495 | 3.500 | 3.600 | 3.580 | 4.015 | 4.345 |
| Lowest Yield Rejected (%) | 3.340 | 3.370 | 3.500 | 3.420 | 3.950 | 4.270 |
| Weighted Average Accepted Yield (%) | 3.3364 | 3.3535 | 3.4790 | 3.3536 | 3.9363 | 4.2582 |
| Weighted Average Rejected Yield (%) | 3.3815 | 3.4109 | 3.5362 | 3.4457 | 3.9750 | 4.2975 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 80.6 | 44.4 | 25.5 | 26.2 | 12.3 | 65.3 |
| Coverage ratio | 4.285 | 2.435 | 2.1033 | 2.127 | 4.310 | 2.57 |
*Individual allotments may vary due to rounding.
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