Strong demand keeps yield tight on NZDMO's new 2019 benchmark
- Thursday, 30 September 2010
The New Zealand Debt Management Office (NZDMO) (AAA/Aaa/AAA) introduced a new 2019 nominal line on September 30, placing NZ$200 million (US$147.3 million) at a weighted average yield of 4.91 per cent having achieved a cover ratio of nearly five in the tender. Yield on the new line came in line with pre-tender predictions although the NZDMO appears to have paid only a tiny new issue premium.
