Bonds
NZ Govt Bond Tender #680; weighted average accepted yield was 2.09%; coverage ratio was 2.23x
16th May 19, 2:46pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 680 held on May 16, 2019.
Tender Date: Thursday, May 16, 2019
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, May 21, 2019
| May 16 - #680 | Apr 18 - #677 | Mar 21 - #673 | Feb 21 - #669 | Jan 24 - #665 | Nov 15 - #659 | May 26 - #633 | ||
| Series Offered | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | 2.75% 15 Apr 2037 | |
| Total Amount Offered ($million) | 150 | 150 | 200 | 200 |
200 |
150 | 150 | |
| Total Amount Allocated ($million) | 150 | 150 | 200 | 200 | 200 | 150 | 150 | |
| Total Number of Bids Received | 40 | 47 | 53 | 70 | 28 | 47 | 30 | |
| Total Amount of Bids Received ($million) | 335 | 373 | 498 | 576 | 236 | 428 | 349 | |
| Total Number of Successful Bids | 19 | 6 | 21 | 18 | 22 | 19 | 12 | |
| Highest Yield Accepted (%) | 2.0950 | 2.3450 | 2.3850 | 2.6150 | 2.7400 | 3.0750 | 3.3450 | |
| Lowest Yield Accepted (%) | 2.0600 | 2.3400 | 2.3700 | 2.5950 | 2.6750 | 3.0600 | 3.3250 | |
| Highest Yield Rejected (%) | 2.1850 | 2.4450 | 2.4800 | 2.7000 | 2.8100 | 3.1500 | 3.4000 | |
| Lowest Yield Rejected (%) | 2.0950 | 2.3450 | 2.3850 | 2.6150 | 2.7400 | 3.0750 | 3.3450 | |
| Weighted Average Accepted Yield (%) | 2.0865 | 2.3423 | 2.3779 | 2.6079 | 2.6998 | 3.0687 | 3.3321 | |
| Weighted Average Rejected Yield (%) | 2.1145 | 2.3763 | 2.4029 | 2.6370 | 2.7775 | 3.0892 | 3.3662 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 75.0 | 78.7 | 27.3 | 86.7 | 64.7 | 35.4 | 11.1 | |
| Coverage ratio | 2.2333 | 2.4867 | 2.4900 | 2.8800 | 1.1800 | 2.8533 | 2.3267 |
*Individual allotments may vary due to rounding.
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