Bonds
LGFA Bond Tender Number 50; coverage ratio falls from 3.0x to 2.7x; weighted average yield for the issue was 2.79%
4th Oct 17, 2:22pm
by
The LGFA has announced the results of LGFA Bond tender number 50 held on 4 October 2017.
Tender Date: Wed, 4 October 2017
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 9 October 2017
| Today | Previous (23-08-17) | Previous (19-07-17) | |||||||||
| Series Offered |
5.00% 15 Mar 2019 | 3.00% 15 Apr 2020 | 2.75% 15 Apr 2025 | 3.00% 15 Apr 2020 |
6.00% 15 May 2021 |
5.50% 15 Apr 2023 |
4.50% 15 Apr 2027 |
3.00% 15 Apr 2020 |
2.75% 15 Apr 2025 |
4.50% 15 Apr 2027 |
3.50% 14 Apr 2033 |
| Total Amount Offered ($million) | 40 | 40 | 40 | 30 | 30 | 30 | 20 | 50 | 40 | 25 | 30 |
| Total Amount Allocated ($million) | 40 | 40 | 40 | 30 | 30 | 39 | 11 | 50 | 40 | 25 | 30 |
| Total Number of Bids Received | 8 | 9 | 15 | 14 | 13 | 12 | 11 | 10 | 17 | 8 | 14 |
| Total Amount of Bids Received ($million) | 100 | 81 | 144 | 116 | 107 | 74 | 30 | 106 | 65 | 38 | 43 |
| Total Number of Successful Bids | 2 | 2 | 6 | 4 | 2 | 5 | 6 | 1 | 10 | 5 | 12 |
| Highest Yield Accepted (%) | 2.210 | 2.495 | 3.665 | 2.485 | 2.765 | 3.160 | 3.780 | 2.535 | 3.590 | 3.800 | 4.470 |
| Lowest Yield Accepted (%) | 2.210 | 2.490 | 3.655 | 2.480 | 2.735 | 3.140 | 3.740 | 2.535 | 3.550 | 3.770 | 4.350 |
| Highest Yield Rejected (%) | 2.275 | 2.540 | 3.720 | 2.570 | 2.870 | 3.370 | 3.890 | 2.600 | 3.625 | 3.850 | 4.580 |
| Lowest Yield Rejected (%) | 2.210 | 2.500 | 3.665 | 2.485 | 2.765 | 3.160 | 3.790 | 2.540 | 3.590 | 3.800 | 4.470 |
| Weighted Average Accepted Yield (%) | 2.2100 | 2.4925 | 3.6594 | 2.4805 | 2.7400 | 3.1449 | 3.7664 | 2.5350 | 3.5716 | 3.7772 | 4.4098 |
| Weighted Average Rejected Yield (%) | 2.2363 | 2.5194 | 3.6843 | 2.5102 | 2.8025 | 3.2329 | 3.8258 | 2.5625 | 3.6035 | 3.8246 | 4.5412 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 88.9 | 100.0 | 27.8 | 8.1 | 50.0 | 83.3 | 100.0 | 100.0 | 56.8 | 50.0 | 40.0 |
| Coverage Ratio | 2.5000 | 2.0312 | 3.6000 | 3.8667 | 3.5667 | 2.4667 | 1.5000 | 2.1200 | 1.6216 | 1.5200 | 1.4333 |
*Individual allotments may vary due to rounding.
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