Bonds
Latest Tender Results - LGFA Bond Tender Number 44; 100% of 2020 bonds allotted at lowest yield offered, with a coverage ratio of 8.25; weighted coverage ratio rises to 4.4 times; weighted average yields slightly lower across all terms
15th Feb 17, 2:42pm
by
The LGFA has announced the results of LGFA Bond tender number 44 held on 15 February 2017.
Tender Date: Wed, 15 February 2017
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 20 February 2017
| Today | Previous | Previous | |||||||
| Series Offered | 3.00% 15 April 2020 |
2.75% 15 April 2025 |
4.50% 15 April 2027 |
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 |
| Total Amount Offered ($million) | 20 | 100 | 40 | 25 | 100 | 45 | 20 | 20 | 50 |
| Total Amount Allocated ($million) | 20 | 100 | 40 | 25 | 100 | 45 | 20 | 20 | 50 |
| Total Number of Bids Received | 18 | 55 | 22 | 20 | 27 | 23 | 16 | 13 | 29 |
| Total Amount of Bids Received ($million) | 165 | 390 | 146 | 145 | 255 | 127 | 75 | 56 | 129 |
| Total Number of Successful Bids | 1 | 9 | 4 | 4 | 7 | 8 | 2 | 2 | 4 |
| Highest Yield Accepted (%) | 2.980 | 4.000 | 4.195 | 3.000 | 4.025 | 4.235 | 2.650 | 2.900 | 3.770 |
| Lowest Yield Accepted (%) | 2.980 | 3.980 | 4.190 | 2.995 | 4.000 | 4.220 | 2.650 | 2.890 | 3.750 |
| Highest Yield Rejected (%) | 3.085 | 4.095 | 4.265 | 3.110 | 4.200 | 4.360 | 2.760 | 3.020 | 3.980 |
| Lowest Yield Rejected (%) | 2.985 | 4.000 | 4.195 | 3.000 | 4.025 | 4.235 | 2.650 | 2.900 | 3.770 |
| Weighted Average Accepted Yield (%) | 2.9800 | 3.9947 | 4.1903 | 2.9994 | 4.0186 | 4.2284 | 2.6500 | 2.8990 | 3.7560 |
| Weighted Average Rejected Yield (%) | 3.0103 | 4.0278 | 4.2092 | 3.0235 | 4.0712 | 4.2584 | 2.6993 | 2.9600 | 3.8453 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.0 | 34.4 | 5.0 | 66.7 | 49.3 | 17.0 | 80.0 | 90.0 | 25.0 |
| Coverage Ratio | 8.2500 | 3.9000 | 3.6500 | 5.8000 | 2.5500 | 2.8222 | 3.7500 | 2.8000 | 2.5800 |
*Individual allotments may vary due to rounding.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.