Bonds
Latest bond tender of NZ$115 mln received bids for NZ$235 mln with 8 year bond yielding an average 5.6352% (previously 5.0304%)
11th Sep 13, 3:24pm
by
The Local Government Funding Agency has announced the results of LGFA Bond tender number 15 held on September 11, 2013.
Tender Date: Wed, 11 Sept 2013
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Mon, 16 Sept 2013
| Today | Today | Today | Today | Previous | Previous | |
| Series Offered |
6.00% 15 April 2015 |
6.00% 15 Dec. 2017 |
6.00% 15 March 2019 |
6.00% 15 May 2021 |
6.00% 15 April 2015 |
6.00% 15 May 2021 |
| Total Amount Offered ($million) | 10 | 15 | 30 | 60 | 10 | 185 |
| Total Amount Allocated ($million) | 10 | 15 | 30 | 60 | 10 | 185 |
| Total Number of Bids Received | 5 | 9 | 24 | 18 | 6 | 42 |
| Total Amount of Bids Received ($million) | 16 | 25 | 94 | 100 | 29 | 283 |
| Total Number of Successful Bids | 4 | 4 | 9 | 14 | 3 | 31 |
| Highest Yield Accepted (%) | 3.580 | 4.735 | 5.190 | 5.660 | 3.475 | 5.080 |
| Lowest Yield Accepted (%) | 3.550 | 4.680 | 5.090 | 5.615 | 3.450 | 4.970 |
| Highest Yield Rejected (%) | 3.600 | 4.785 | 5.250 | 5.855 | 3.635 | 5.220 |
| Lowest Yield Rejected (%) | 3.580 | 4.735 | 5.190 | 5.660 | 3.475 | 5.080 |
| Weighted Average Accepted Yield (%) | 3.5590 | 4.7170 | 5.1228 | 5.6352 | 3.4565 | 5.0304 |
| Weighted Average Rejected Yield (%) | 3.5967 | 4.7675 | 5.2189 | 5.6981 | 3.5689 | 5.1218 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50 | 80 | 83 | 50 | 67 | 73 |
| Coverage ratio | 1.6 | 1.6667 | 3.1333 | 1.6667 | 2.9 | 1.5297 |
*Individual allotments may vary due to rounding.
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