Bonds
Latest Tender Results - LGFA Bond Tender Number 34; massive over-subscription for all maturities; average weighted accepted yield in line with last tender
9th Dec 15, 4:05pm
by
The LGFA has announced the results of LGFA Bond tender number 34 held on 9 December 2015.
Tender Date: Wed, 9 December 2015
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Mon, 14 December 2015
| Series Offered | 5.00% 15 April 2020 |
6.00% 15 May 2021 |
5.50% 15 April 2023 |
4.50% 15 April 2027 |
| Total Amount Offered ($million) | 15 | 50 | 15 | 25 |
| Total Amount Allocated ($million) | 15 | 50 | 15 | 25 |
| Total Number of Bids Received | 15 | 33 | 22 | 20 |
| Total Amount of Bids Received ($million) | 70 | 221 | 69 | 101 |
| Total Number of Successful Bids | 3 | 11 | 1 | 3 |
| Highest Yield Accepted (%) | 3.340 | 3.585 | 3.900 | 4.395 |
| Lowest Yield Accepted (%) | 3.330 | 3.540 | 3.900 | 4.375 |
| Highest Yield Rejected (%) | 3.490 | 3.710 | 4.100 | 4.500 |
| Lowest Yield Rejected (%) | 3.340 | 3.585 | 3.920 | 4.395 |
| Weighted Average Accepted Yield (%) | 3.3307 | 3.5616 | 3.9000 | 4.3868 |
| Weighted Average Rejected Yield (%) | 3.3815 | 3.6017 | 4.0043 | 4.4364 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 20.0 | 4.0 | 100.0 | 28.0 |
| Coverage Ratio | 4.6667 | 4.4200 | 4.6000 | 4.0400 |
*Individual allotments may vary due to rounding.
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