September 2020 Government nominal tender sees coverage ratio spike sharply along with average yield at 2.87% (previously 2.73%)

NZDMO has announced the results of Nominal Government Bond tender number 558 held on 26 November 2015.

Tender Date: Thu, 26 Nov 2015
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tues, 1 Dec 2015

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