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Latest bond tender of NZ$195 mln received bids for NZ$312 mln with 8 year bond yielding an average 5.0304%

Bonds
Latest bond tender of NZ$195 mln received bids for NZ$312 mln with 8 year bond yielding an average 5.0304%

The Local Government Funding Agency has announced the results of LGFA Bond tender number 14 held on July 31, 2013.

Tender Date: Wed, 31 July  2013

Bids close: 2.00pm

Results: From 2.05pm

Settlement Date: Mon, 5 August 2013

  Today Today Previous Previous
Series Offered 6.00%
15 April 2015
6.00%
15 May 2021
6.00%
15 Dec 2017
6.00%
15 May 2021
Total Amount Offered ($million) 10 185 15 270
Total Amount Allocated ($million) 10 185 15 270
Total Number of Bids Received 6 42 8 56
Total Amount of Bids Received ($million) 29 283 30 547
Total Number of Successful Bids 3 31 3 26
Highest Yield Accepted (%) 3.475 5.080 3.970 4.605
Lowest Yield Accepted (%) 3.450 4.970 3.895 4.340
Highest Yield Rejected (%) 3.635 5.220 4.135 4.850
Lowest Yield Rejected (%) 3.4750 5.080 4.0950 4.610
Weighted Average Accepted Yield (%) 3.4565 5.0304 3.9283 4.4648
Weighted Average Rejected Yield (%) 3.5689 5.1218 4.1150 4.7217
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 67 73 100 60

*Individual allotments may vary due to rounding.

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