First 2020 Government nominal tender for 2016 sees coverage ratio rise again on strong demand; average weighted accepted yield drops to 2.56% (previously 2.87%)

NZDMO has announced the results of Nominal Government Bond tender number 562 held on 18 February 2016.

Tender Date: Thu, 18 Feb 2016
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tues, 23 Feb 2016

 
Series Offered: 3.00% 15 Apr 2020 Today #562 26-Nov-15 #558  22-Oct-15
#555
24-Sep-15
#553
27-Aug-15
#550
24-Jul-15
#547
Total Amount Offered ($million) 100 200 200 200 200 200
Total Amount Allocated ($million) 100 200 200 200 200 200
Total Number of Bids Received 32 58 30      
Total Amount of Bids Received ($million) 589 1,052 527 569 600 1,056
Total Number of Successful Bids 9 12 15      
Highest Yield Accepted (%) 2.570 2.880 2.740 2.680 2.660 2.725
Lowest Yield Accepted (%) 2.550 2.855 2.710 2.690 2.675 2.730
Highest Yield Rejected (%) 2.650 3.000 2.800 2.690 2.675 2.735
Lowest Yield Rejected (%) 2.570 2.880 2.740 2.750 2.760 2.820
Weighted Average Accepted Yield (%) 2.5600 2.8721 2.727 2.685 2.667 2.729
Weighted Average Rejected Yield (%) 2.5861 2.9170 2.7664 2.719 2.700 2.758
Amount Allotted at Highest Accepted Yield
as Percentage of Amount Bid at that Yield*
3.1 66.7 52.6      
Coverage Ratio 5.8900 5.260 2.635 2.845 3.000 5.280