Strong demand for NZ inflation indexed bonds in first sale of 2013

Strong demand for NZ inflation indexed bonds in first sale of 2013
Feb. 8 (BusinessDesk) – Investors offered to buy more than six times the amount of inflation-indexed bonds on offer in the New Zealand Debt Management Office’s first sale of the securities this year. The government sold $200 million of the September 2025 bonds, which are adjusted for movements in the consumer price index, at a weighted average yield of 1.5014 percent. It received 64 bids totalling $1.3 billion, a coverage ratio of 6.51 times. The resumption of sales of so-called linkers was announced last year with an initial sale of $2.5 bi...