Bonds
NZ Govt Bond Tender #582; 2025 maturity proving popular with investors; recent market jitters sees coverage ratio drop and yield climb; $480 mln worth of bids received; average weighted accepted yield 2.38% (previously 2.04%)
15th Sep 16, 2:15pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 582 held on September 15, 2016.
Tender Date: Thursday, September 15, 2016
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, September 20, 2016
| Sept 15 - #582 | Aug 18 - #580 | July 21 - #577 | |
| Series Offered | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 |
| Total Amount offered ($million) | 150 | 150 | 150 |
| Total Amount Allocated ($million) | 150 | 150 | 150 |
| Total Number of bids Received | 39 | 56 | 37 |
| Total Amount of bids Received ($million) | 480 | 720 | 394 |
| Total Number of Successful bids | 18 | 14 | 14 |
| Highest Yield Accepted (%) | 2.385 | 2.0500 | 2.1400 |
| Lowest Yield Accepted (%) | 2.3600 | 2.0300 | 2.1050 |
| Highest Yield Rejected (%) | 2.4450 | 2.1100 | 2.2250 |
| Lowest Yield Rejected (%) | 2.3850 | 2.0500 | 2.1400 |
| Weighted Average Accepted Yield (%) | 2.3762 | 2.0408 | 2.1243 |
| Weighted Average Rejected Yield (%) | 2.4129 | 2.0705 | 2.1663 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 83.3 | 30.0 | 83.3 |
| Coverage ratio | 3.2000 | 4.8000 | 2.6267 |
*Individual allotments may vary due to rounding.
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