September 2035 Government nominal tender sees average yield at 2.727% up from last months 2.685%; lowest coverage ratio for 2020s

NZDMO has announced the results of Nominal Government Bond tender number 555 held on 22 October 2015.

Tender Date: Thu, 22 Oct 2015
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Wed, 28 Oct 2015

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