Bonds
LGFA Bond Tender Number 48; demand weakens further with a weighted average coverage ratio of 1.74x compared to 1.98x at the last auction; weighted average yield for issue was 3.50%
19th Jul 17, 2:27pm
by
The LGFA has announced the results of LGFA Bond tender number 48 held on 19 July 2017.
Tender Date: Wed, 19 July 2017
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 24 July 2017
| Today | Previous (14-06-17) | Previous (10-05-17) | ||||||||||
| Series Offered |
3.00% 15 Apr 2020 |
2.75% 15 Apr 2025 |
4.50% 15 Apr 2027 |
3.50% 14 Apr 2033 |
3.00% 15 Apr 2020 |
2.75% 15 Apr 2025 |
4.50% 15 Apr 2027 |
3.50% 14 Apr 2033 |
3.00% |
2.75% |
4.50% 15 Apr 2027 |
3.50% 14 Apr 2033 |
| Total Amount Offered ($million) | 50 | 40 | 25 | 30 | 35 | 50 | 25 | 80 | 35 | 35 | 35 | 60 |
| Total Amount Allocated ($million) | 50 | 40 | 25 | 30 | 35 | 50 | 25 | 80 | 35 | 35 | 35 | 60 |
| Total Number of Bids Received | 10 | 17 | 8 | 14 | 13 | 17 | 18 | 19 | 12 | 24 | 21 | 26 |
| Total Amount of Bids Received ($million) | 106 | 65 | 38 | 43 | 115 | 99 | 73 | 89 | 167 | 215 | 119 | 141 |
| Total Number of Successful Bids | 1 | 10 | 5 | 12 | 2 | 4 | 6 | 17 | 1 | 3 | 8 | 11 |
| Highest Yield Accepted (%) | 2.535 | 3.590 | 3.800 | 4.470 | 2.500 | 3.370 | 3.570 | 4.200 | 2.720 | 3.710 | 3.910 | 4.425 |
| Lowest Yield Accepted (%) | 2.535 | 3.550 | 3.770 | 4.350 | 2.480 | 3.360 | 3.560 | 4.115 | 2.720 | 3.710 | 3.885 | 4.385 |
| Highest Yield Rejected (%) | 2.600 | 3.625 | 3.850 | 4.580 | 2.580 | 3.450 | 3.670 | 4.240 | 2.790 | 3.760 | 3.955 | 4.540 |
| Lowest Yield Rejected (%) | 2.540 | 3.590 | 3.800 | 4.470 | 2.510 | 3.380 | 3.570 | 4.200 | 2.725 | 3.710 | 3.910 | 4.425 |
| Weighted Average Accepted Yield (%) | 2.5350 | 3.5716 | 3.7772 | 4.4098 | 2.4914 | 3.3650 | 3.5656 | 4.1517 | 2.7200 | 3.7100 | 3.8986 | 4.4138 |
| Weighted Average Rejected Yield (%) | 2.5625 | 3.6035 | 3.8246 | 4.5412 | 2.5287 | 3.4208 | 3.6233 | 4.2233 | 2.7408 | 3.7288 | 3.9285 | 4.4678 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.0 | 56.8 | 50.0 | 40.0 | 100.0 | 100.0 | 87.5 | 80.0 | 100.0 | 71.4 | 65.8 | 50.0 |
| Coverage Ratio | 2.1200 | 1.6216 | 1.5200 | 1.4333 | 3.2857 | 1.9800 | 2.9200 | 1.1125 | 4.7786 | 6.1429 | 3.4044 | 2.3500 |
*Individual allotments may vary due to rounding.
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