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Latest Tender Results - LGFA Bond Tender Number 39; better demand and coverage ratio, preference for longer dated debt; average weighted yield just shy of 3%

Bonds
Latest Tender Results - LGFA Bond Tender Number 39; better demand and coverage ratio, preference for longer dated debt; average weighted yield just shy of 3%

The LGFA has announced the results of LGFA Bond tender number 39 held on 20 July 2016.

Tender Date: Wed, 20 July 2016
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 25 July 2016

  Today
Series Offered 5.00%
 15 April 2020
2.75% 
15 April 2025
4.50% 
15 April 2027
Total Amount Offered ($million) 25 75 25
Total Amount Allocated ($million) 25 75 25
Total Number of Bids Received 7 25 16
Total Amount of Bids Received ($million) 27 172 76
Total Number of Successful Bids 7 13 8
Highest Yield Accepted (%) 2.595 3.055 3.280
Lowest Yield Accepted (%) 2.550 3.005 3.260
Highest Yield Rejected (%) 2.595 3.190 3.370
Lowest Yield Rejected (%) 2.595 3.055 3.280
Weighted Average Accepted Yield (%) 2.5811 3.0362 3.2710
Weighted Average Rejected Yield (%) 2.5950 3.0905 3.3073
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 70 42.8 33.3
Coverage Ratio 1.0960 2.2993 3.0400

*Individual allotments may vary due to rounding.

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