Bonds
September 2035 Government inflation linked tender sees average weighted yield at 2.2%; investor interest picks up as NZ real yields remain attractive
11th Mar 16, 2:13pm
by
The results from the latest inflation indexed bond offer by the Treasury's Debt Management Office have been released.
| 2.50% - 20 September 2035 | Today #564 | Previous #561 | Previous #559 | Previous #556 | Previous #554 | Previous #552 |
| Series offered | tender Mar. 11, 2016 |
tender Feb. 11, 2016 |
tender Dec. 11, 2015 |
tender Nov. 12, 2015 |
tender Oct. 8, 2015 |
tender Sept. 17, 2015 |
| Total Amount Offered ($mln) | 100 | 100 | 100 | 100 | 100 | 100 |
| Total Amount Allocated ($mln) | 100 | 100 | 100 | 100 | 100 | 100 |
| Total Number of Bids Received | 55 | 51 | 37 | 57 | 55 | 46 |
| Total Amount of Bids Received ($mln) | 297 | 187 | 282 | 247 | 235 | 203 |
| Total Number of Successful Bids | 16 | 29 | 5 | 19 | 34 | 7 |
| Highest Yield Accepted (%) | 2.230 | 2.420 | 2.600 | 2.580 | 2.450 | 2.330 |
| Lowest Yield Accepted (%) | 2.150 | 2.335 | 2.500 | 2.540 | 2.370 | 2.300 |
| Highest Yield Rejected (%) | 2.400 | 2.600 | 2.780 | 2.900 | 2.580 | 2.470 |
| Lowest Yield Rejected (%) | 2.230 | 2.420 | 2.600 | 2.590 | 2.450 | 2.340 |
| Weighted Average Accepted Yield (%) | 2.2043 | 2.3986 | 2.5085 | 2.5655 | 2.4221 | 2.3127 |
| Weighted Average Rejected Yield (%) | 2.2676 | 2.4672 | 2.6421 | 2.6633 | 2.4939 | 2.3953 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 10.5 | 14.8 | 22.2 | 100 | 70 | 100 |
| Coverage Ratio | 2.97 | 1.87 | 2.82 | 2.47 | 2.35 | 2.03 |
*Individual allotments may vary due to rounding.
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