Bonds
NZ Govt Bond Tender #623; weighted average yield drops to 2.56%; coverage ratio rises to 3.86x
15th Dec 17, 2:09pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 623 held on December 15, 2017.
Tender Date: Friday, December 15, 2017
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wednesday, December 20, 2017
| Dec 15 - #623 | Nov 15 - #620 | Oct 19 - #617 | Sep 21 - #615 | Aug 17 - #612 | Jul 20 - #609 | Jun 15 - #606 | Nov 17 - #582 | ||
| 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 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | |
| Total Amount offered ($million) | 200 | 200 | 200 | 200 |
200 |
200 | 150 | 150 | |
| Total Amount Allocated ($million) | 200 | 200 | 200 | 200 | 200 | 200 | 150 | 150 | |
| Total Number of bids Received | 44 | 33 | 43 | 41 | 32 | 36 | 44 | 40 | |
| Total Amount of bids Received ($million) | 772 | 523 | 532 | 638 | 410 | 400 | 643 | 740 | |
| Total Number of Successful bids | 11 | 15 | 20 | 12 | 20 | 15 | 14 | 5 | |
| Highest Yield Accepted (%) | 2.5700 | 2.6800 | 2.7650 | 2.9150 | 2.7100 | 2.8300 | 2.6300 | 2.8800 | |
| Lowest Yield Accepted (%) | 2.5500 | 2.6550 | 2.7400 | 2.8950 | 2.6900 | 2.8050 | 2.6150 | 2.8700 | |
| Highest Yield Rejected (%) | 2.6400 | 2.7450 | 2.8300 | 2.9950 | 2.7800 | 2.9300 | 2.7100 | 2.9550 | |
| Lowest Yield Rejected (%) | 2.5700 | 2.6850 | 2.7650 | 2.9150 | 2.7150 | 2.8300 | 2.6300 | 2.8800 | |
| Weighted Average Accepted Yield (%) | 2.5601 | 2.6711 | 2.7545 | 2.9072 | 2.7020 | 2.8190 | 2.6222 | 2.8772 | |
| Weighted Average Rejected Yield (%) | 2.5902 | 2.7056 | 2.7942 | 2.9392 | 2.7418 | 2.8576 | 2.6627 | 2.9026 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 5.2 | 100.0 | 76.9 | 52.4 | 100.0 | 90.0 | 27.8 | 87.5 | |
| Coverage ratio | 3.8600 | 2.6150 | 2.6600 | 3.1900 | 2.0500 | 2.0000 | 4.2867 | 4.9333 |
*Individual allotments may vary due to rounding.
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