LGFA Bond Tender Number 64; weighted average accepted yield was 2.15%; coverage ratio was 1.94x

LGFA Bond Tender Number 64; weighted average accepted yield was 2.15%; coverage ratio was 1.94x

The LGFA has announced the results of LGFA Bond tender number 64 held on 12 June 2019.

Tender Date: Wednesday, 12 June 2019
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Friday, 17 June 2019

  Today Previous (7 May 2019) Previous (12 Feb 2019)
Series 
Offered
2.75% 14 Apr 2022 5.50% 15 Apr 2023 2.75% 15 Apr 2025 3.50% 14 Apr 2033 2.75% 14 Apr 2022 2.75% 15 Apr 2025 3.50% 14 Apr 2033 2.75% 14 Apr 2022 2.75% 15 Apr 2025 4.50% 15 Apr 2027 3.50% 14 Apr 2033
Total Amount Offered ($million) 50 21 50 50 50 50 60 70 50 40 30
Total Amount Allocated ($million) 50 21 50 50 50 50 60 70 50 40 30
Total Number of Bids Received 9 8 18 23 11 23 27 16 21 20 19
Total Amount of Bids Received ($million) 79 59 124 69 93 189 125 170 267 180 125
Total Number of Successful Bids 4 2 6 20 1 1 8 4 8 3 4
Highest Yield Accepted (%) 1.665 1.780 2.065 2.910 1.845 2.290 3.145 2.075 2.520 2.820 3.455
Lowest Yield Accepted (%) 1.650 1.780 2.050 2.835 1.845 2.290 3.115 2.065 2.500 2.820 3.440
Highest Yield Rejected (%) 1.700 1.820 2.120 2.930 1.940 2.450 3.320 2.120 2.580 2.870 3.570
Lowest Yield Rejected (%) 1.665 1.780 2.065 2.910 1.860 2.300 3.145 2.075 2.520 2.820 3.455
Weighted Average Accepted Yield (%) 1.6580 1.7800 2.0624 2.8776 1.8450 2.2900 3.1268 2.0729 2.5113 2.8200 3.4483
Weighted Average Rejected Yield (%) 1.6807 1.7929 2.0792 2.9221 1.8914 2.3312 3.1898 2.0906 2.5288 2.8380 3.4708
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 60.0 50.0 56.7 16.7 100.0 100.0 20.0 62.5 16.9 61.5 15.9
Coverage Ratio 1.5800 2.8095 2.4800 1.3800 1.8600 3.7800 2.0833 2.4286 5.3400 4.5000 4.1667

*Individual allotments may vary due to rounding.

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