NZ Govt Bond Tender #645; weighted average yield accepted was 2.59%; coverage ratio was 3.49x

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The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 645 held on August 10, 2018.

Tender Date: Friday, August 10, 2018

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Wednesday, August 15, 2018

 Aug 10 – #645Jul 12 – #641
Series Offered3.00% 20 Apr 20293.00% 20 Apr 2029
Total Amount Offered ($million)250250
Total Amount Allocated ($million)250250
Total Number of Bids Received6451
Total Amount of Bids Received ($million)873463
Total Number of Successful Bids328
Highest Yield Accepted (%)2.59002.8700
Lowest Yield Accepted (%)2.58002.8400
Highest Yield Rejected (%)2.71002.9300
Lowest Yield Rejected (%)2.59502.8700
Weighted Average Accepted Yield (%)2.58602.8597
Weighted Average Rejected Yield (%)2.63042.8836
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield*100.046.3
Coverage ratio3.49201.8520

*Individual allotments may vary due to rounding.

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