Bonds
NZ Govt Bond Tender #597; average weighted accepted yield decreased slightly to 3.13% (previously 3.23%); coverage ratio rises from 2.76 to 7.13
16th Mar 17, 2:14pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 597 held on March 16, 2017.
Tender Date: Thursday, March 16, 2017
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, March 21, 2017
| Mar 16 - #597 | Feb 16 - #595 | Jan 19 - #592 | Nov 17 - #588 | Oct 20 - # 585 | |
| Series Offered | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 |
| Total Amount offered ($million) | 200 | 200 | 200 | 150 | 150 |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 150 | 150 |
| Total Number of bids Received | 56 | 39 | 44 | 40 | 60 |
| Total Amount of bids Received ($million) | 1425 | 552 | 440 | 740 | 922 |
| Total Number of Successful bids | 9 | 14 | 22 | 5 | 12 |
| Highest Yield Accepted (%) | 3.1350 | 3.2350 | 3.1400 | 2.8800 | 2.5350 |
| Lowest Yield Accepted (%) | 3.1200 | 3.2150 | 3.1200 | 2.8700 | 2.5150 |
| Highest Yield Rejected (%) | 3.2050 | 3.2750 | 3.1750 | 2.9550 | 2.6550 |
| Lowest Yield Rejected (%) | 3.1350 | 3.2350 | 3.1400 | 2.8800 | 2.5350 |
| Weighted Average Accepted Yield (%) | 3.1301 | 3.2252 | 3.1328 | 2.8772 | 2.5225 |
| Weighted Average Rejected Yield (%) | 3.1596 | 3.2494 | 3.1559 | 2.9026 | 2.5618 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 58.3 | 70.6 | 72.7 | 87.5 | 8.4 |
| Coverage ratio | 7.1250 | 2.7600 | 2.2000 | 4.9333 | 6.1467 |
*Individual allotments may vary due to rounding.
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