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Latest Tender Results - LGFA Bond Tender Number 28; strong demand for 2020 & 2023's but very few bids accepted

Bonds
Latest Tender Results - LGFA Bond Tender Number 28; strong demand for 2020 & 2023's but very few bids accepted

The LGFA has announced the results of LGFA Bond tender number 28 held on 8 April 2015.

Tender Date: Wed, 8 April 2015
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Wed, 15 April 2015

Series Offered 6.00%
 15 Dec 2017
3.00%
 15 April 2020
5.50% 
15 April 2023
4.50% 
15 April 2027
Total Amount Offered ($million) 30 25 25 110
Total Amount Allocated ($million) 30 25 25 110
Total Number of Bids Received 8 12 13 39
Total Amount of Bids Received ($million) 98 104 102 243
Total Number of Successful Bids 2 3 3 21
Highest Yield Accepted (%) 3.565 3.675 3.840 4.070
Lowest Yield Accepted (%) 3.560 3.675 3.810 3.990
Highest Yield Rejected (%) 3.650 3.750 3.930 4.150
Lowest Yield Rejected (%) 3.565 3.675 3.840 4.070
Weighted Average Accepted Yield (%) 3.5642 3.6750 3.8240 4.0353
Weighted Average Rejected Yield (%) 3.6040 3.6975 3.8809 4.0999
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 50.0 71.4 33.3 85.0
Coverage Ratio 3.2667 4.1600 4.0800 2.2091

*Individual allotments may vary due to rounding.

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