Bonds
Latest Tender Results - LGFA Bond Tender Number 32; weighted coverage ratio drops despite strong demand for shorter dated issue; average weighted accepted yield 3.85%
23rd Sep 15, 2:30pm
by
The LGFA has announced the results of LGFA Bond tender number 32 held on 23 September 2015.
Tender Date: Wed, 23 September 2015
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Mon, 28 September 2015
| Series Offered | 3.00% 15 April 2020 |
5.50% 15 April 2023 |
4.50% 15 April 2027 |
| Total Amount Offered ($million) | 20 | 20 | 100 |
| Total Amount Allocated ($million) | 20 | 20 | 100 |
| Total Number of Bids Received | 11 | 10 | 46 |
| Total Amount of Bids Received ($million) | 55 | 35 | 213 |
| Total Number of Successful Bids | 4 | 7 | 24 |
| Highest Yield Accepted (%) | 3.160 | 3.640 | 4.050 |
| Lowest Yield Accepted (%) | 3.140 | 3.545 | 3.995 |
| Highest Yield Rejected (%) | 3.25 | 3.680 | 4.300 |
| Lowest Yield Rejected (%) | 3.160 | 3.660 | 4.050 |
| Weighted Average Accepted Yield (%) | 3.1570 | 3.5955 | 4.0329 |
| Weighted Average Rejected Yield (%) | 3.1977 | 3.6733 | 4.0995 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 72.7 | 100.0 | 85.7 |
| Coverage Ratio | 2.75 | 1.75 | 2.13 |
*Individual allotments may vary due to rounding.
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