Bonds
LGFA Bond Tender Number 51; weighted average yield accepted up to 2.93% and coverage ratio down to 1.55x; insufficient bids for the April 2025 bond offer
8th Nov 17, 2:25pm
by
The LGFA has announced the results of LGFA Bond tender number 51 held on 8 November 2017.
Tender Date: Wed, 8 November 2017
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 13 November 2017
| Today | Previous (4-10-17) | Previous (23-08-17) | |||||||||
| Series Offered |
3.00% 15 Apr 2020 | 6.00% 15 May 2021 | 5.50% 15 Apr 2023 | 2.75% 15 Apr 2025 | 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 |
| Total Amount Offered ($million) | 20 | 40 | 40 | 30 | 40 | 40 | 40 | 30 | 30 | 30 | 20 |
| Total Amount Allocated ($million) | 20 | 40 | 40 | 24 | 40 | 40 | 40 | 30 | 30 | 39 | 11 |
| Total Number of Bids Received | 10 | 12 | 7 | 5 | 8 | 9 | 15 | 14 | 13 | 12 | 11 |
| Total Amount of Bids Received ($million) | 39 | 77 | 61 | 24 | 100 | 81 | 144 | 116 | 107 | 74 | 30 |
| Total Number of Successful Bids | 4 | 6 | 5 | 5 | 2 | 2 | 6 | 4 | 2 | 5 | 6 |
| Highest Yield Accepted (%) | 2.435 | 2.695 | 3.070 | 3.535 | 2.210 | 2.495 | 3.665 | 2.485 | 2.765 | 3.160 | 3.780 |
| Lowest Yield Accepted (%) | 2.410 | 2.665 | 3.050 | 3.475 | 2.210 | 2.490 | 3.655 | 2.480 | 2.735 | 3.140 | 3.740 |
| Highest Yield Rejected (%) | 2.510 | 2.750 | 3.110 | 0.000 | 2.275 | 2.540 | 3.720 | 2.570 | 2.870 | 3.370 | 3.890 |
| Lowest Yield Rejected (%) | 2.435 | 2.695 | 3.070 | 0.000 | 2.210 | 2.500 | 3.665 | 2.485 | 2.765 | 3.160 | 3.790 |
| Weighted Average Accepted Yield (%) | 2.4324 | 2.6901 | 3.0650 | 3.5094 | 2.2100 | 2.4925 | 3.6594 | 2.4805 | 2.7400 | 3.1449 | 3.7664 |
| Weighted Average Rejected Yield (%) | 2.4658 | 2.7112 | 3.0831 | 0.0000 | 2.2363 | 2.5194 | 3.6843 | 2.5102 | 2.8025 | 3.2329 | 3.8258 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 77.5 | 62.5 | 96.0 | 100.0 | 88.9 | 100.0 | 27.8 | 8.1 | 50.0 | 83.3 | 100.0 |
| Coverage Ratio | 1.9250 | 1.9125 | 1.525 | 0.800 | 2.5000 | 2.0312 | 3.6000 | 3.8667 | 3.5667 | 2.4667 | 1.5000 |
*Individual allotments may vary due to rounding.
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