Bonds
Latest bond tender of NZ$285 mln received bids for NZ$577 mln with 8 year bond yielding an average 4.4648%
20th Jun 13, 8:51am
by
The Local Government Funding Agency has announced the results of LGFA Bond tender number 13 held on June 19, 2013.
Tender Date: Wed, 19 June 2013
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Mon, 24 June 2013
| Today | Today | Previous | Previous | Previous | |
| Series Offered |
6.00% 15 Dec 2017 |
6.00% 15 May 2021 |
6.00% 15 Dec 2017 |
5.00% 15 Mar 2019 |
6.00% 15 May 2021 |
| Total Amount Offered ($million) | 15 | 270 | 10 | 15 | 215 |
| Total Amount Allocated ($million) | 15 | 270 | 10 | 15 | 215 |
| Total Number of Bids Received | 8 | 56 | 3 | 6 | 72 |
| Total Amount of Bids Received ($million) | 30 | 547 | 15 | 21 | 611 |
| Total Number of Successful Bids | 3 | 26 | 2 | 5 | 37 |
| Highest Yield Accepted (%) | 3.970 | 4.605 | 3.620 | 3.830 | 4.140 |
| Lowest Yield Accepted (%) | 3.895 | 4.340 | 3.600 | 3.730 | 4.050 |
| Highest Yield Rejected (%) | 4.135 | 4.850 | 3.630 | 3.840 | 4.310 |
| Lowest Yield Rejected (%) | 4.0950 | 4.610 | 3.630 | 3.840 | 4.150 |
| Weighted Average Accepted Yield (%) | 3.9283 | 4.4648 | 3.6100 | 3.7987 | 4.1150 |
| Weighted Average Rejected Yield (%) | 4.1150 | 4.7217 | 3.6300 | 3.8400 | 4.2187 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100 | 60 | 100 | 80 | 88 |
*Individual allotments may vary due to rounding.
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