Bonds
Latest Tender Results - LGFA Bond Tender Number 31; strong demand for 2023's, average weighted coverage ratio is 2.4x, and yield is 3.80%
19th Aug 15, 2:28pm
by
The LGFA has announced the results of LGFA Bond tender number 31 held on 19 August 2015.
Tender Date: Wed, 19 August 2015
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Mon, 24 July 2015
| Series Offered | 3.00% 15 April 2020 |
5.50% 15 April 2023 |
4.50% 15 April 2027 |
| Total Amount Offered ($million) | 50 | 25 | 100 |
| Total Amount Allocated ($million) | 50 | 25 | 100 |
| Total Number of Bids Received | 18 | 23 | 44 |
| Total Amount of Bids Received ($million) | 87 | 89 | 239 |
| Total Number of Successful Bids | 13 | 9 | 20 |
| Highest Yield Accepted (%) | 3.340 | 3.685 | 4.110 |
| Lowest Yield Accepted (%) | 3.310 | 3.655 | 4.050 |
| Highest Yield Rejected (%) | 3.500 | 3.760 | 4.250 |
| Lowest Yield Rejected (%) | 3.340 | 3.685 | 4.110 |
| Weighted Average Accepted Yield (%) | 3.3192 | 3.6720 | 4.0819 |
| Weighted Average Rejected Yield (%) | 3.3886 | 3.7189 | 4.1449 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 29.4 | 53.3 | 6.7 |
| Coverage Ratio | 1.74 | 3.56 | 2.39 |
*Individual allotments may vary due to rounding.
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