Bonds
Tender 583 of NZ$150 mln 2033's received bids for NZ$811 mln; punters just can't get enough of this maturity; coverage ratio 5.4x; average weighted yield jumps to 2.75% (previously 2.56%)
23rd Sep 16, 2:11pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 583 held on September 23, 2016.
Tender Date: Friday, September 23, 2016
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wednesday, September 28, 2016
| Sep 23 - #583 | Jul 28 - #578 | Jun 23 - #575 | May 27 - #572 | Apr 29 - #569 | Mar 24 - #566 | |
| Series Offered | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 | 3.50% 14 Apr 2033 |
| Total Amount Offered ($million) | 150 | 150 | 150 | 150 | 150 | 100 |
| Total Amount Allocated ($million) | 150 | 150 | 150 | 150 | 150 | 100 |
| Total Number of Bids Received | 57 | 42 | 58 | 53 | 57 | 29 |
| Total Amount of Bids Received ($million) | 811 | 348 | 284 | 701 | 612 | 272 |
| Total Number of Successful Bids | 10 | 13 | 26 | 6 | 13 | 8 |
| Highest Yield Accepted (%) | 2.760 | 2.570 | 2.950 | 2.885 | 3.185 | 3.365 |
| Lowest Yield Accepted (%) | 2.735 | 2.540 | 2.905 | 2.880 | 3.150 | 3.345 |
| Highest Yield Rejected (%) | 2.820 | 2.645 | 3.095 | 3.010 | 3.220 | 3.440 |
| Lowest Yield Rejected (%) | 2.760 | 2.575 | 2.950 | 2.885 | 3.185 | 3.365 |
| Weighted Average Accepted Yield (%) | 2.7503 | 2.5630 | 2.9270 | 2.8822 | 3.1649 | 3.3602 |
| Weighted Average Rejected Yield (%) | 2.7794 | 2.5990 | 2.9820 | 2.9257 | 3.2013 | 3.3781 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 31.9 | 100 | 46.5 | 65 | 8.1 | 56.7 |
| Coverage ratio | 5.4067 | 2.3200 | 1.8930 | 4.6733 | 4.0800 | 2.7200 |
*Individual allotments may vary due to rounding.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.