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Latest Tender Results - LGFA Bond Tender Number 38; tepid interest in tender; low weighted average coverage ratio of 1.7x; average weighted yield 3.1%

Bonds
Latest Tender Results - LGFA Bond Tender Number 38; tepid interest in tender; low weighted average coverage ratio of 1.7x; average weighted yield 3.1%

The LGFA has announced the results of LGFA Bond tender number 38 held on 15 June 2016.

Tender Date: Wed, 15 June 2016
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 20 June 2016

  Today
Series Offered 5.00%
 15 April 2020
5.50% 
15 April 2023
2.75% 
15 April 2025
Total Amount Offered ($million) 40 40 100
Total Amount Allocated ($million) 40 40 100
Total Number of Bids Received 11 15 23
Total Amount of Bids Received ($million) 76 60 178
Total Number of Successful Bids 7 14 8
Highest Yield Accepted (%) 2.610 3.050 3.200
Lowest Yield Accepted (%) 2.550 2.945 3.155
Highest Yield Rejected (%) 2.670 3.100 3.350
Lowest Yield Rejected (%) 2.610 3.100 3.200
Weighted Average Accepted Yield (%) 2.5798 3.0129 3.1640
Weighted Average Rejected Yield (%) 2.6440 3.1000 3.2566
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 91.7 100.0 59.3
Coverage Ratio 1.9000 1.5000 1.7802

*Individual allotments may vary due to rounding.

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