NZ Govt Bond Tender #641; weighted average yield accepted was 2.86%; coverage ratio was 1.85x

[Total: 0    Average: 0/5]

The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 641 held on July 12, 2018.

Tender Date: Thursday, July 12, 2018

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Tuesday, July 17, 2018

 Jun 21 – #639
Series Offered3.00% 20 Apr 2029
Total Amount Offered ($million)250
Total Amount Allocated ($million)250
Total Number of Bids Received51
Total Amount of Bids Received ($million)463
Total Number of Successful Bids28
Highest Yield Accepted (%)2.8700
Lowest Yield Accepted (%)2.8400
Highest Yield Rejected (%)2.9300
Lowest Yield Rejected (%)2.8700
Weighted Average Accepted Yield (%)2.8597
Weighted Average Rejected Yield (%)2.8836
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield*46.3
Coverage ratio1.8520

*Individual allotments may vary due to rounding.

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