Bonds
Latest bond tender of NZ$115 mln received bids for NZ$755 mln with 8 year bond yielding an average 5.3810% (previously 5.6352%)
6th Nov 13, 2:24pm
by
The Local Government Funding Agency has announced the results of LGFA Bond tender number 16 held on November 6, 2013.
Tender Date: Wed, 6 Nov 2013
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Mon, 11 Nov 2013
| Today | Today | Today | Today | Previous | Previous | Previous | Previous | |
| Series Offered |
6.00% 15 April 2015 |
6.00% 15 Dec. 2017 |
5.00% 15 March 2019 |
6.00% 15 May 2021 |
6.00% 15 April 2015 |
6.00% 15 Dec. 2017 |
6.00% 15 March 2019 |
6.00% 15 May 2021 |
| Total Amount Offered ($million) | 35 | 30 | 25 | 25 | 10 | 15 | 30 | 60 |
| Total Amount Allocated ($million) | 35 | 30 | 25 | 25 | 10 | 15 | 30 | 60 |
| Total Number of Bids Received | 8 | 29 | 34 | 29 | 5 | 9 | 24 | 18 |
| Total Amount of Bids Received ($million) | 143 | 195 | 246 | 171 | 16 | 25 | 94 | 100 |
| Total Number of Successful Bids | 2 | 2 | 2 | 2 | 4 | 4 | 9 | 14 |
| Highest Yield Accepted (%) | 3.450 | 4.500 | 4.870 | 5.385 | 3.580 | 4.735 | 5.190 | 5.660 |
| Lowest Yield Accepted (%) | 3.440 | 4.490 | 4.860 | 5.375 | 3.550 | 4.680 | 5.090 | 5.615 |
| Highest Yield Rejected (%) | 3.560 | 4.760 | 5.080 | 5.520 | 3.600 | 4.785 | 5.250 | 5.855 |
| Lowest Yield Rejected (%) | 3.4500 | 4.500 | 4.8700 | 5.385 | 3.580 | 4.735 | 5.190 | 5.660 |
| Weighted Average Accepted Yield (%) | 3.4471 | 4.4950 | 4.8640 | 5.3810 | 3.5590 | 4.7170 | 5.1228 | 5.6352 |
| Weighted Average Rejected Yield (%) | 3.4768 | 4.5616 | 4.937 | 4.5459 | 3.5967 | 4.7675 | 5.2189 | 5.6981 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 50 | 30 | 20 | 30 | 50 | 80 | 83 | 50 |
| Coverage ratio | 4.09 | 6.50 | 9.84 | 6.84 | 1.60 | 1.6667 | 3.1333 | 1.6667 |
*Individual allotments may vary due to rounding.
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