Bonds
Latest Tender Results - LGFA Bond Tender Number 37; punters fighting over tiny LGFA issue; yields and coverage ratios fall; average weighted yield 2.89%, average weighted coverage ratio high at 3.2x
11th May 16, 2:22pm
by
The LGFA has announced the results of LGFA Bond tender number 37 held on 11 May 2016.
Tender Date: Wed, 11 May 2016
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 16 April 2016
| Today | Previous | |||||
| Series Offered | 5.00% 15 April 2020 |
6.00% 15 May 2021 |
5.50% 15 April 2023 |
5.00% 15 April 2020 |
6.00% 15 May 2021 |
5.50% 15 April 2023 |
| Total Amount Offered ($million) | 20 | 20 | 35 | 50 | 50 | 40 |
| Total Amount Allocated ($million) | 20 | 20 | 35 | 50 | 50 | 40 |
| Total Number of Bids Received | 9 | 7 | 14 | 15 | 27 | 26 |
| Total Amount of Bids Received ($million) | 69 | 59 | 113 | 182 | 214 | 193 |
| Total Number of Successful Bids | 1 | 1 | 1 | 2 | 2 | 2 |
| Highest Yield Accepted (%) | 2.65 | 2.81 | 3.07 | 2.775 | 2.980 | 3.310 |
| Lowest Yield Accepted (%) | 2.65 | 2.81 | 3.07 | 2.765 | 2.970 | 3.300 |
| Highest Yield Rejected (%) | 2.76 | 2.89 | 3.15 | 2.895 | 3.100 | 3.430 |
| Lowest Yield Rejected (%) | 2.68 | 2.84 | 3.08 | 2.795 | 2.990 | 3.340 |
| Weighted Average Accepted Yield (%) | 2.6500 | 2.8100 | 3.0700 | 2.7700 | 2.9750 | 3.3050 |
| Weighted Average Rejected Yield (%) | 2.7014 | 2.8486 | 3.101 | 2.8423 | 3.0173 | 3.3787 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100 | 100 | 100 | 100.0 | 100.0 | 100.0 |
| Coverage Ratio | 3.45 | 2.95 | 3.2286 | 3.6000 | 4.2800 | 4.8250 |
*Individual allotments may vary due to rounding.
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