Bonds
NZ Govt Bond Tender #681; weighted average accepted yield was 1.46%; coverage ratio was 2.0x
23rd May 19, 2:24pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 681 held on May 23, 2019.
Tender Date: Thursday, May 23, 2019
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, May 23, 2019
| May 23 - #681 | Mar 28 - #674 | Feb 28 - #670 | Jan 31 - #666 | Nov 22 - #660 | Oct 25 - #656 | Sep 28 - #652 | Feb 18 - #635 | ||
| 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 ($million) | 150 | 200 | 200 | 200 | 150 | 150 | 150 | 200 | |
| Total Amount Allocated ($million) | 150 | 200 | 200 | 200 | 150 | 150 | 150 | 200 | |
| Total Number of bids Received | 20 | 26 | 37 | 44 | 30 | 39 | 52 | 38 | |
| Total Amount of bids Received ($million) | 307 | 484 | 697 | 871 | 507 | 836 | 722 | 797 | |
| Total Number of Successful bids | 10 | 7 | 19 | 11 | 6 | 4 | 4 | 13 | |
| Highest Yield Accepted (%) | 1.4550 | 1.4500 | 1.8200 | 1.9150 | 2.3800 | 2.1900 | 2.2400 | 2.5650 | |
| Lowest Yield Accepted (%) | 1.4350 | 1.4300 | 1.7950 | 1.9050 | 2.3750 | 2.1850 | 2.2400 | 2.5550 | |
| Highest Yield Rejected (%) | 1.4700 | 1.4900 | 1.8700 | 1.9600 | 2.4300 | 2.2300 | 2.3050 | 2.6300 | |
| Lowest Yield Rejected (%) | 1.4550 | 1.4500 | 1.8200 | 1.9150 | 2.3800 | 2.1900 | 2.2400 | 2.5650 | |
| Weighted Average Accepted Yield (%) | 1.4452 | 1.4456 | 1.8098 | 1.9118 | 2.3793 | 2.1883 | 2.2400 | 2.5632 | |
| Weighted Average Rejected Yield (%) | 1.4632 | 1.4608 | 1.8399 | 1.9290 | 2.3922 | 2.2073 | 2.2652 | 2.5741 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 3.2 | 75.6 | 29.5 | 81.5 | 59.5 | 74.1 | 85.7 | 41.6 | |
| Coverage ratio | 2.0467 | 2.4200 | 3.4850 | 4.3550 | 3.3800 | 5.5733 | 4.8133 | 3.9850 |
*Individual allotments may vary due to rounding.
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