Bonds
Latest Tender Results - LGFA Bond Tender Number 43; rate curve steepens; weighted coverage ratio rises to 3.1 times; average weighted yield jumps 18% to 3.9%
14th Dec 16, 2:36pm
by
The LGFA has announced the results of LGFA Bond tender number 43 held on 14 December 2016.
Tender Date: Wed, 14 December 2016
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 19 December 2016
| Today | Previous | Previous | ||||||||
| Series Offered | 3.00% 15 April 2020 |
2.75% 15 April 2025 |
4.50% 15 April 2027 |
5.00% 15 Mar 2019 |
3.00% 15 April 2020 |
2.75% 15 April 2025 |
6.00% 15 May 2021 |
5.50% 15 April 2023 |
2.75% 15 April 2025 |
4.50% 15 April 2027 |
| Total Amount Offered ($million) | 25 | 100 | 45 | 20 | 20 | 50 | 30 | 25 | 50 | 15 |
| Total Amount Allocated ($million) | 25 | 100 | 45 | 20 | 20 | 50 | 30 | 25 | 50 | 15 |
| Total Number of Bids Received | 20 | 27 | 23 | 16 | 13 | 29 | 17 | 12 | 26 | 11 |
| Total Amount of Bids Received ($million) | 145 | 255 | 127 | 75 | 56 | 129 | 83 | 45 | 122 | 48 |
| Total Number of Successful Bids | 4 | 7 | 8 | 2 | 2 | 4 | 7 | 5 | 12 | 3 |
| Highest Yield Accepted (%) | 3.000 | 4.025 | 4.235 | 2.650 | 2.900 | 3.770 | 2.690 | 2.925 | 3.200 | 3.295 |
| Lowest Yield Accepted (%) | 2.995 | 4.000 | 4.220 | 2.650 | 2.890 | 3.750 | 2.650 | 2.870 | 3.135 | 3.280 |
| Highest Yield Rejected (%) | 3.110 | 4.200 | 4.360 | 2.760 | 3.020 | 3.980 | 2.780 | 2.970 | 3.295 | 3.400 |
| Lowest Yield Rejected (%) | 3.000 | 4.025 | 4.235 | 2.650 | 2.900 | 3.770 | 2.700 | 2.930 | 3.200 | 3.330 |
| Weighted Average Accepted Yield (%) | 2.9994 | 4.0186 | 4.2284 | 2.6500 | 2.8990 | 3.7560 | 2.6733 | 2.9058 | 3.1734 | 3.2867 |
| Weighted Average Rejected Yield (%) | 3.0235 | 4.0712 | 4.2584 | 2.6993 | 2.9600 | 3.8453 | 2.7264 | 2.9450 | 3.2444 | 3.3653 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 66.7 | 49.3 | 17.0 | 80.0 | 90.0 | 25.0 | 100.0 | 100.0 | 41.7 | 100.0 |
| Coverage Ratio | 5.8000 | 2.5500 | 2.8222 | 3.7500 | 2.8000 | 2.5800 | 2.7667 | 1.8000 | 2.4400 | 3.2000 |
*Individual allotments may vary due to rounding.
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