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Latest Tender Results - LGFA Bond Tender Number 43; rate curve steepens; weighted coverage ratio rises to 3.1 times; average weighted yield jumps 18% to 3.9%

Bonds
Latest Tender Results - LGFA Bond Tender Number 43; rate curve steepens; weighted coverage ratio rises to 3.1 times; average weighted yield jumps 18% to 3.9%

The LGFA has announced the results of LGFA Bond tender number 43 held on 14 December 2016.

Tender Date: Wed, 14 December 2016
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 19 December 2016

  Today Previous Previous
Series Offered 3.00%
 15 April 2020
2.75% 
15 April 2025
4.50% 
15 April 2027
5.00%
 15 Mar 2019
3.00%
 15 April 2020
2.75% 
15 April 2025
6.00%
 15 May 2021
5.50%
 15 April 2023
2.75% 
15 April 2025
4.50% 
15 April 2027
Total Amount Offered ($million) 25 100 45 20 20 50 30 25 50 15
Total Amount Allocated ($million) 25 100 45 20 20 50 30 25 50 15
Total Number of Bids Received 20 27 23 16 13 29 17 12 26 11
Total Amount of Bids Received ($million) 145 255 127 75 56 129 83 45 122 48
Total Number of Successful Bids 4 7 8 2 2 4 7 5 12 3
Highest Yield Accepted (%) 3.000 4.025 4.235 2.650 2.900 3.770 2.690 2.925 3.200 3.295
Lowest Yield Accepted (%) 2.995 4.000 4.220 2.650 2.890 3.750 2.650 2.870 3.135 3.280
Highest Yield Rejected (%) 3.110 4.200 4.360 2.760 3.020 3.980 2.780 2.970 3.295 3.400
Lowest Yield Rejected (%) 3.000 4.025 4.235 2.650 2.900 3.770 2.700 2.930 3.200 3.330
Weighted Average Accepted Yield (%) 2.9994 4.0186 4.2284 2.6500 2.8990 3.7560 2.6733 2.9058 3.1734 3.2867
Weighted Average Rejected Yield (%) 3.0235 4.0712 4.2584 2.6993 2.9600 3.8453 2.7264 2.9450 3.2444 3.3653
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 66.7 49.3 17.0 80.0 90.0 25.0 100.0 100.0 41.7 100.0
Coverage Ratio 5.8000 2.5500 2.8222 3.7500 2.8000 2.5800 2.7667 1.8000 2.4400 3.2000

*Individual allotments may vary due to rounding.

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