Bonds
Latest Tender Results - LGFA Bond Tender Number 40; demand greater in short and longer maturities; very low rate of bids accepted; average weighted yield a smidge under 3%
24th Aug 16, 2:29pm
by
The LGFA has announced the results of LGFA Bond tender number 40 held on 24 August 2016.
Tender Date: Wed, 24 August 2016
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 29 August 2016
| Today | Previous | |||||
| Series Offered | 5.50% 15 April 2023 |
2.75% 15 April 2025 |
4.50% 15 April 2027 |
5.00% 15 April 2020 |
2.75% 15 April 2025 |
4.50% 15 April 2027 |
| Total Amount Offered ($million) | 20 | 50 | 20 | 25 | 75 | 25 |
| Total Amount Allocated ($million) | 20 | 50 | 20 | 25 | 75 | 25 |
| Total Number of Bids Received | 13 | 20 | 19 | 7 | 25 | 16 |
| Total Amount of Bids Received ($million) | 63 | 126 | 80 | 27 | 172 | 76 |
| Total Number of Successful Bids | 4 | 7 | 8 | 7 | 13 | 8 |
| Highest Yield Accepted (%) | 2.750 | 2.995 | 3.200 | 2.595 | 3.055 | 3.280 |
| Lowest Yield Accepted (%) | 2.720 | 2.920 | 3.170 | 2.550 | 3.005 | 3.260 |
| Highest Yield Rejected (%) | 2.825 | 3.085 | 3.285 | 2.595 | 3.190 | 3.370 |
| Lowest Yield Rejected (%) | 2.750 | 2.995 | 3.200 | 2.595 | 3.055 | 3.280 |
| Weighted Average Accepted Yield (%) | 2.7408 | 2.9884 | 3.1835 | 2.5811 | 3.0362 | 3.2710 |
| Weighted Average Rejected Yield (%) | 2.7732 | 3.0234 | 3.2162 | 2.5950 | 3.0905 | 3.3073 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 45 | 47.3 | 22.2 | 70 | 42.8 | 33.3 |
| Coverage Ratio | 3.1250 | 2.5200 | 4.000 | 1.0960 | 2.2993 | 3.0400 |
*Individual allotments may vary due to rounding.
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