Bonds
LGFA Bond Tender Number 58; weighted average accepted yield was 3.23%; coverage ratio was 2.30x; 2027 issue did not attract enough bids to be fully allocated
22nd Aug 18, 2:24pm
by
The LGFA has announced the results of LGFA Bond tender number 58 held on 22 August 2018.
Tender Date: Wednesday, 22 August 2018
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 27 August 2018
| Today | Previous (18-7-18) | Previous (13-6-18) | ||||||||||
| Series Offered |
2.75% 14 Apr 2022 | 2.75% 15 Apr 2025 | 4.50% 15 Apr 2027 | 3.50% 14 Apr 2033 | 2.75% 14 Apr 2022 | 2.75% 15 Apr 2025 | 4.50% 15 Apr 2027 | 3.50% 14 Apr 2033 | 2.75% 14 Apr 2022 | 2.75% 15 Apr 2025 | 4.50% 15 Apr 2027 | 3.50% 14 Apr 2033 |
| Total Amount Offered ($million) | 50 | 50 | 40 | 70 | 30 | 40 | 30 | 75 | 60 | 30 | 30 | 30 |
| Total Amount Allocated ($million) | 50 | 50 | 20 | 90 | 30 | 40 | 30 | 75 | 60 | 30 | 30 | 30 |
| Total Number of Bids Received | 16 | 18 | 8 | 27 | 13 | 21 | 17 | 24 | 13 | 11 | 9 | 9 |
| Total Amount of Bids Received ($million) | 157 | 165 | 20 | 140 | 80 | 141 | 83 | 209 | 127 | 94 | 68 | 86 |
| Total Number of Successful Bids | 5 | 8 | 8 | 16 | 8 | 6 | 7 | 4 | 3 | 4 | 1 | 1 |
| Highest Yield Accepted (%) | 2.420 | 2.985 | 3.270 | 3.840 | 2.670 | 3.270 | 3.500 | 4.080 | 2.730 | 3.440 | 3.635 | 4.235 |
| Lowest Yield Accepted (%) | 2.410 | 2.955 | 3.230 | 3.785 | 2.650 | 3.255 | 3.465 | 4.070 | 2.720 | 3.435 | 3.635 | 4.235 |
| Highest Yield Rejected (%) | 2.480 | 3.030 | 0.000 | 3.890 | 2.745 | 3.340 | 3.600 | 4.180 | 2.810 | 3.480 | 3.715 | 4.350 |
| Lowest Yield Rejected (%) | 2.420 | 2.985 | 0.000 | 3.840 | 2.670 | 3.270 | 3.500 | 4.080 | 2.730 | 3.440 | 3.680 | 4.250 |
| Weighted Average Accepted Yield (%) | 2.4127 | 2.9774 | 3.2490 | 3.8274 | 2.6548 | 3.2685 | 3.4851 | 4.0748 | 2.7233 | 3.4398 | 3.6350 | 4.2350 |
| Weighted Average Rejected Yield (%) | 2.4323 | 2.9980 | 0.0000 | 3.8498 | 2.6841 | 3.2865 | 3.5445 | 4.1088 | 2.7701 | 3.4569 | 3.6905 | 4.2701 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 32.4 | 71.4 | 100.0 | 78.0 | 16.2 | 50.7 | 26.7 | 96.9 | 33.3 | 78.4 | 100.0 | 100.0 |
| Coverage Ratio | 3.1400 | 3.3000 | 0.5000 | 2.0000 | 2.6667 | 3.5250 | 2.7733 | 2.7867 | 2.1167 | 3.1333 | 2.2667 | 2.8667 |
*Individual allotments may vary due to rounding.
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