Bonds
Latest Tender Results - LGFA Bond Tender Number 41; Investor demand in longer dated bonds; weighted coverage ratio 2.5 times; average weighted yield steady at 3%
5th Oct 16, 2:21pm
by
The LGFA has announced the results of LGFA Bond tender number 41 held on 5 October 2016.
Tender Date: Wed, 5 October 2016
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 10 October 2016
| Today | Previous | Previous | ||||||||
| Series Offered | 6.00% 15 May 2021 |
5.50% 15 April 2023 |
2.75% 15 April 2025 |
4.50% 15 April 2027 |
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 ($million) | 30 | 25 | 50 | 15 | 20 | 50 | 20 | 25 | 75 | 25 |
| Total Amount Allocated ($million) | 30 | 25 | 50 | 15 | 20 | 50 | 20 | 25 | 75 | 25 |
| Total Number of Bids Received | 17 | 12 | 26 | 11 | 13 | 20 | 19 | 7 | 25 | 16 |
| Total Amount of Bids Received ($million) | 83 | 45 | 122 | 48 | 63 | 126 | 80 | 27 | 172 | 76 |
| Total Number of Successful Bids | 7 | 5 | 12 | 3 | 4 | 7 | 8 | 7 | 13 | 8 |
| Highest Yield Accepted (%) | 2.690 | 2.925 | 3.200 | 3.295 | 2.750 | 2.995 | 3.200 | 2.595 | 3.055 | 3.280 |
| Lowest Yield Accepted (%) | 2.650 | 2.870 | 3.135 | 3.280 | 2.720 | 2.920 | 3.170 | 2.550 | 3.005 | 3.260 |
| Highest Yield Rejected (%) | 2.780 | 2.970 | 3.295 | 3.400 | 2.825 | 3.085 | 3.285 | 2.595 | 3.190 | 3.370 |
| Lowest Yield Rejected (%) | 2.700 | 2.930 | 3.200 | 3.330 | 2.750 | 2.995 | 3.200 | 2.595 | 3.055 | 3.280 |
| Weighted Average Accepted Yield (%) | 2.6733 | 2.9058 | 3.1734 | 3.2867 | 2.7408 | 2.9884 | 3.1835 | 2.5811 | 3.0362 | 3.2710 |
| Weighted Average Rejected Yield (%) | 2.7264 | 2.9450 | 3.2444 | 3.3653 | 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* | 100.0 | 100.0 | 41.7 | 100.0 | 45 | 47.3 | 22.2 | 70 | 42.8 | 33.3 |
| Coverage Ratio | 2.7667 | 1.8000 | 2.4400 | 3.2000 | 3.1250 | 2.5200 | 4.000 | 1.0960 | 2.2993 | 3.0400 |
*Individual allotments may vary due to rounding.
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