LGFA Bond Tender Number 65; weighted average accepted yield was 1.99%; coverage ratio was 2.64x

LGFA Bond Tender Number 65; weighted average accepted yield was 1.99%; coverage ratio was 2.64x

The LGFA has announced the results of LGFA Bond tender number 65 held on 17 July2019.

Tender Date: Wednesday, 17 July 2019
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Friday, 22 July 2019

  Today Previous (12 June 2019) Previous (7 May 2019)
Series 
Offered
2.75% 14 Apr 2022 2.25% 15 Apr 2024 3.50% 14 Apr 2033 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
Total Amount Offered ($million) 60 60 50 50 21 50 50 50 50 60
Total Amount Allocated ($million) 60 60 50 50 21 50 50 50 50 60
Total Number of Bids Received 12 12 14 9 8 18 23 11 23 27
Total Amount of Bids Received ($million) 155 207 87 79 59 124 69 93 189 125
Total Number of Successful Bids 6 2 11 4 2 6 20 1 1 8
Highest Yield Accepted (%) 1.600 1.795 2.730 1.665 1.780 2.065 2.910 1.845 2.290 3.145
Lowest Yield Accepted (%) 1.585 1.785 2.690 1.650 1.780 2.050 2.835 1.845 2.290 3.115
Highest Yield Rejected (%) 1.645 1.860 2.765 1.700 1.820 2.120 2.930 1.940 2.450 3.320
Lowest Yield Rejected (%) 1.6 1.795 2.730 1.665 1.780 2.065 2.910 1.860 2.300 3.145
Weighted Average Accepted Yield (%) 1.5925 1.7939 2.7137 1.6580 1.7800 2.0624 2.8776 1.8450 2.2900 3.1268
Weighted Average Rejected Yield (%) 1.6105 1.8192 2.7368 1.6807 1.7929 2.0792 2.9221 1.8914 2.3312 3.1898
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 10.0 88.7 12.0 60.0 50.0 56.7 16.7 100.0 100.0 20.0
Coverage Ratio 2.5833 3.4467 1.7400 1.5800 2.8095 2.4800 1.3800 1.8600 3.7800 2.0833

*Individual allotments may vary due to rounding.

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