Bonds
Latest bond tender of NZ$150 mln received bids for NZ$446 mln with 8 year bond yielding an average 5.5016% (previously 5.3810%)
11th Dec 13, 2:34pm
by
The Local Government Funding Agency has announced the results of LGFA Bond tender number 17 held on December 11, 2013.
Tender Date: Wed, 11 Dec 2013
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Mon, 16 Dec 2013
| Today | Today | Today | Previous | Previous | Previous | Previous | |
| Series Offered |
6.00% 15 Dec. 2017 |
5.00% 15 March 2019 |
6.00% 15 May 2021 |
6.00% 15 April 2015 |
6.00% 15 Dec. 2017 |
5.00% 15 March 2019 |
6.00% 15 May 2021 |
| Total Amount Offered ($million) | 10 | 35 | 105 | 35 | 30 | 25 | 25 |
| Total Amount Allocated ($million) | 10 | 35 | 105 | 35 | 30 | 25 | 25 |
| Total Number of Bids Received | 5 | 13 | 36 | 8 | 29 | 34 | 29 |
| Total Amount of Bids Received ($million) | 35 | 91 | 320 | 143 | 195 | 246 | 171 |
| Total Number of Successful Bids | 1 | 8 | 16 | 2 | 2 | 2 | 2 |
| Highest Yield Accepted (%) | 3.620 | 4.650 | 5.535 | 3.450 | 4.500 | 4.870 | 5.385 |
| Lowest Yield Accepted (%) | 3.620 | 4.585 | 5.470 | 3.440 | 4.490 | 4.860 | 5.375 |
| Highest Yield Rejected (%) | 3.650 | 4.800 | 5.700 | 3.560 | 4.760 | 5.080 | 5.520 |
| Lowest Yield Rejected (%) | 3.630 | 4.650 | 5.540 | 3.4500 | 4.500 | 4.8700 | 5.385 |
| Weighted Average Accepted Yield (%) | 3.6200 | 4.6060 | 5.5016 | 3.4471 | 4.4950 | 4.8640 | 5.3810 |
| Weighted Average Rejected Yield (%) | 3.6400 | 4.7008 | 5.6171 | 3.4768 | 4.5616 | 4.937 | 4.5459 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100 | 50 | 100 | 50 | 30 | 20 | 30 |
| Coverage ratio | 3.5 | 2.6 | 3.0476 | 4.09 | 6.50 | 9.84 | 6.84 |
*Individual allotments may vary due to rounding.
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