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Latest Tender Results - LGFA Bond Tender Number 37; punters fighting over tiny LGFA issue; yields and coverage ratios fall; average weighted yield 2.89%, average weighted coverage ratio high at 3.2x

Bonds
Latest Tender Results - LGFA Bond Tender Number 37; punters fighting over tiny LGFA issue; yields and coverage ratios fall; average weighted yield 2.89%, average weighted coverage ratio high at 3.2x
11th May 16, 2:22pm by Craig Simpson

The LGFA has announced the results of LGFA Bond tender number 37 held on 11 May 2016.

Tender Date: Wed, 11 May 2016
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 16 April 2016

  Today Previous
Series Offered 5.00%
 15 April 2020		 6.00%
 15 May 2021		 5.50% 
15 April 2023		 5.00%
 15 April 2020		 6.00%
 15 May 2021		 5.50% 
15 April 2023
Total Amount Offered ($million) 20 20 35 50 50 40
Total Amount Allocated ($million) 20 20 35 50 50 40
Total Number of Bids Received 9 7 14 15 27 26
Total Amount of Bids Received ($million) 69 59 113 182 214 193
Total Number of Successful Bids 1 1 1 2 2 2
Highest Yield Accepted (%) 2.65 2.81 3.07 2.775 2.980 3.310
Lowest Yield Accepted (%) 2.65 2.81 3.07 2.765 2.970 3.300
Highest Yield Rejected (%) 2.76 2.89 3.15 2.895 3.100 3.430
Lowest Yield Rejected (%) 2.68 2.84 3.08 2.795 2.990 3.340
Weighted Average Accepted Yield (%) 2.6500 2.8100 3.0700 2.7700 2.9750 3.3050
Weighted Average Rejected Yield (%) 2.7014 2.8486 3.101 2.8423 3.0173 3.3787
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100 100 100 100.0 100.0 100.0
Coverage Ratio 3.45 2.95 3.2286 3.6000 4.2800 4.8250

*Individual allotments may vary due to rounding.

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