Bonds
Tender 8014 to repurchase up to $250 mln worth of 2017 government bonds attracts plenty of willing sellers; offers totalled $935mln and average yield falls to 1.89% (previously 1.96%)
14th Sep 16, 2:44pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 8014 held on September 14, 2016.
Tender Date: Wednesday, September 14, 2016
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Monday, September 19, 2016
| Sept 14 - #8014 | July 6 - #8010 | |
| Series Offered | 6% 15 Dec 2017 | 6% 15 Dec 2017 |
| Total Amount bid ($million) | 250 | 500 |
| Total Amount Allocated ($million) | 250 | 500 |
| Total Number of Offers Received | 11 | 22 |
| Total Amount of Offers Received ($million) | 935 | 693 |
| Total Number of Successful Offers | 4 | 21 |
| Lowest Yield Accepted (%) | 1.8900 | 1.9400 |
| Highest Yield Accepted (%) | 1.9000 | 2.0000 |
| Lowest Yield Rejected (%) | 1.8500 | 1.9300 |
| Highest Yield Rejected (%) | 1.8900 | 1.9400 |
| Weighted Average Accepted Yield (%) | 1.8907 | 1.9638 |
| Weighted Average Rejected Yield (%) | 1.8760 | 1.9374 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount offered at that Yield* | 74.8 | 7.7000 |
| Coverage ratio | 3.7400 | 1.3860 |
*Individual allotments may vary due to rounding.
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