Bonds
Latest Tender Results - LGFA Bond Tender Number 36; paltry number of successful bids; average weighted yield 3.2%, average weighted coverage ratio high at 4.0x
6th Apr 16, 2:20pm
by
The LGFA has announced the results of LGFA Bond tender number 35 held on 17 February 2016.
Tender Date: Wed, 6 April 2016
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Mon, 11 April 2016
| Series Offered | 5.00% 15 April 2020 |
6.00% 15 May 2021 |
5.50% 15 April 2023 |
4.50% 15 April 2027 |
| Total Amount Offered ($million) | 50 | 50 | 40 | 40 |
| Total Amount Allocated ($million) | 50 | 50 | 40 | 40 |
| Total Number of Bids Received | 15 | 27 | 26 | 25 |
| Total Amount of Bids Received ($million) | 182 | 214 | 193 | 139 |
| Total Number of Successful Bids | 2 | 2 | 2 | 2 |
| Highest Yield Accepted (%) | 2.775 | 2.980 | 3.310 | 3.840 |
| Lowest Yield Accepted (%) | 2.765 | 2.970 | 3.300 | 3.830 |
| Highest Yield Rejected (%) | 2.895 | 3.100 | 3.430 | 4.000 |
| Lowest Yield Rejected (%) | 2.795 | 2.990 | 3.340 | 3.880 |
| Weighted Average Accepted Yield (%) | 2.7700 | 2.9750 | 3.3050 | 3.8350 |
| Weighted Average Rejected Yield (%) | 2.8423 | 3.0173 | 3.3787 | 3.9443 |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 100.0 | 100.0 | 100.0 | 100.0 |
| Coverage Ratio | 3.6000 | 4.2800 | 4.8250 | 3.4750 |
*Individual allotments may vary due to rounding.
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