LGFA Bond Tender Number 46; demand remains strong with weighted average coverage ratio of 3.89x and weighted average yield of 3.80%

The LGFA has announced the results of LGFA Bond tender number 46 held on 10 May 2017.

Tender Date: Wed, 10 May 2017
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 15 May 2017

  Today Previous (05-04-17) Previous (15-02-17)
Series Offered

3.00%
15 Apr 2020

2.75%
15 Apr 2025

4.50% 15 Apr 2027 3.50% 14 Apr 2033 3.00%
 15 April 2020
5.50%
15 April 2023
2.75% 
15 April 2025
3.50%
14 April 2033
3.00%
 15 April 2020
2.75% 
15 April 2025
4.50% 
15 April 2027
Total Amount Offered ($million) 35 35 35 60 30 20 50 75 20 100 40
Total Amount Allocated ($million) 35 35 35 60 30 20 50 75 20 100 40
Total Number of Bids Received 12 24 21 26 15 16 18 62 18 55 22
Total Amount of Bids Received ($million) 167 215 119 141 164 103 102 291 165 390 146
Total Number of Successful Bids 1 3 8 11 2 4 1 16 1 9 4
Highest Yield Accepted (%) 2.720 3.710 3.910 4.425 2.720 3.350 3.710 4.530 2.980 4.000 4.195
Lowest Yield Accepted (%) 2.720 3.710 3.885 4.385 2.705 3.340 3.710 4.460 2.980 3.980 4.190
Highest Yield Rejected (%) 2.790 3.760 3.955 4.540 2.800 3.415 3.820 4.690 3.085 4.095 4.265
Lowest Yield Rejected (%) 2.725 3.710 3.910 4.425 2.720 3.350 3.715 4.530 2.985 4.000 4.195
Weighted Average Accepted Yield (%) 2.7200 3.7100 3.8986 4.4138 2.7150 3.4550 3.7100 4.5073 2.9800 3.9947 4.1903
Weighted Average Rejected Yield (%) 2.7408 3.7288 3.9285 4.4678 2.7562 3.3793 3.7618 4.5831 3.0103 4.0278 4.2092
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100.0 71.4 65.8 50.0 66.7 66.7 100.0 9.1 100.0 34.4 5.0
Coverage Ratio 4.7786 6.1429 3.4044 2.3500 5.4730 5.1690 2.0400 3.8800 8.2500 3.9000 3.6500

*Individual allotments may vary due to rounding.

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