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Latest Tender Results - LGFA Bond Tender Number 40; demand greater in short and longer maturities; very low rate of bids accepted; average weighted yield a smidge under 3%

Bonds
Latest Tender Results - LGFA Bond Tender Number 40; demand greater in short and longer maturities; very low rate of bids accepted; average weighted yield a smidge under 3%

The LGFA has announced the results of LGFA Bond tender number 40 held on 24 August 2016.

Tender Date: Wed, 24 August 2016
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 29 August 2016

  Today Previous
Series Offered 5.50%
 15 April 2023
2.75% 
15 April 2025
4.50% 
15 April 2027
5.00%
 15 April 2020
2.75% 
15 April 2025
4.50% 
15 April 2027
Total Amount Offered ($million) 20 50 20 25 75 25
Total Amount Allocated ($million) 20 50 20 25 75 25
Total Number of Bids Received 13 20 19 7 25 16
Total Amount of Bids Received ($million) 63 126 80 27 172 76
Total Number of Successful Bids 4 7 8 7 13 8
Highest Yield Accepted (%) 2.750 2.995 3.200 2.595 3.055 3.280
Lowest Yield Accepted (%) 2.720 2.920 3.170 2.550 3.005 3.260
Highest Yield Rejected (%) 2.825 3.085 3.285 2.595 3.190 3.370
Lowest Yield Rejected (%) 2.750 2.995 3.200 2.595 3.055 3.280
Weighted Average Accepted Yield (%) 2.7408 2.9884 3.1835 2.5811 3.0362 3.2710
Weighted Average Rejected Yield (%) 2.7732 3.0234 3.2162 2.5950 3.0905 3.3073
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 45 47.3 22.2 70 42.8 33.3
Coverage Ratio 3.1250 2.5200 4.000 1.0960 2.2993 3.0400

*Individual allotments may vary due to rounding.

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