Bonds
Latest bond tender of NZ$200 mln 2020's received bids for NZ$569 mln; over-subscribed by 2.8x; low number of bids accepted; weighted average yield accepted was 2.69% (vs 2.67% last tender)
24th Sep 15, 2:10pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 553 held on September 24, 2015.
Tender Date: Thursday, September 24, 2015
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, September 29, 2015
| Today Sept 24 - #553 | Previous Aug 27 - #550 | Previous Jul 24 - #547 | |
| Series Offered | 3.00% 15 Apr 2020 | 3.00% 15 Apr 2020 | 3.00% 15 Apr 2020 |
| Total Amount Offered ($million) | 200 | 200 | 200 |
| Total Amount Allocated ($million) | 200 | 200 | 200 |
| Total Number of Bids Received | 39 | 36 | 45 |
| Total Amount of Bids Received ($million) | 569 | 600 | 1,056 |
| Total Number of Successful Bids | 8 | 9 | 4 |
| Highest Yield Accepted (%) | 2.690 | 2.675 | 2.730 |
| Lowest Yield Accepted (%) | 2.680 | 2.660 | 2.725 |
| Highest Yield Rejected (%) | 2.750 | 2.760 | 2.820 |
| Lowest Yield Rejected (%) | 2.690 | 2.675 | 2.735 |
| Weighted Average Accepted Yield (%) | 2.6851 | 2.6671 | 2.7287 |
| Weighted Average Rejected Yield (%) | 2.7194 | 2.7009 | 2.7583 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 22.2 | 50 | 100 |
| Coverage ratio | 2.845 | 3 | 5.280 |
*Individual allotments may vary due to rounding.
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