LGFA Bond Tender Number 47; demand weakens with weighted average coverage ratio of 1.98x and weighted average yield of 3.56%

The LGFA has announced the results of LGFA Bond tender number 47 held on 14 June 2017.

Tender Date: Wed, 14 June 2017
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 19 June 2017

  Today Previous (10-05-17) Previous (05-04-17)
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 Apr 2020

2.75%
15 Apr 2025

4.50%
15 Apr 2027
3.50%
14 Apr 2033
3.00%
15 Apr 2020
5.50%
15 Apr 2023
2.75%
15 Apr 2025
3.50%
14 Apr 2033
Total Amount Offered ($million) 35 50 25 80 35 35 35 60 30 20 50 75
Total Amount Allocated ($million) 35 50 25 80 35 35 35 60 30 20 50 75
Total Number of Bids Received 13 17 18 19 12 24 21 26 15 16 18 62
Total Amount of Bids Received ($million) 115 99 73 89 167 215 119 141 164 103 102 291
Total Number of Successful Bids 2 4 6 17 1 3 8 11 2 4 1 16
Highest Yield Accepted (%) 2.500 3.370 3.570 4.200 2.720 3.710 3.910 4.425 2.720 3.350 3.710 4.530
Lowest Yield Accepted (%) 2.480 3.360 3.560 4.115 2.720 3.710 3.885 4.385 2.705 3.340 3.710 4.460
Highest Yield Rejected (%) 2.580 3.450 3.670 4.240 2.790 3.760 3.955 4.540 2.800 3.415 3.820 4.690
Lowest Yield Rejected (%) 2.510 3.380 3.570 4.200 2.725 3.710 3.910 4.425 2.720 3.350 3.715 4.530
Weighted Average Accepted Yield (%) 2.4914 3.3650 3.5656 4.1517 2.7200 3.7100 3.8986 4.4138 2.7150 3.4550 3.7100 4.5073
Weighted Average Rejected Yield (%) 2.5287 3.4208 3.6233 4.2233 2.7408 3.7288 3.9285 4.4678 2.7562 3.3793 3.7618 4.5831
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100.0 100.0 87.5 80.0 100.0 71.4 65.8 50.0 66.7 66.7 100.0 9.1
Coverage Ratio 3.2857 1.9800 2.9200 1.1125 4.7786 6.1429 3.4044 2.3500 5.4730 5.1690 2.0400 3.8800

*Individual allotments may vary due to rounding.

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