Latest Tender Results - LGFA Bond Tender Number 41; Investor demand in longer dated bonds; weighted coverage ratio 2.5 times; average weighted yield steady at 3%

The LGFA has announced the results of LGFA Bond tender number 41 held on 5 October 2016.

Tender Date: Wed, 5 October 2016
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 10 October 2016

  Today Previous Previous
Series Offered 6.00%
 15 May 2021
5.50%
 15 April 2023
2.75% 
15 April 2025
4.50% 
15 April 2027
5.50%
 15 April 2023
2.75% 
15 April 2025
4.50% 
15 April 2027
5.00%
 15 April 2020
2.75% 
15 April 2025
4.50% 
15 April 2027
Total Amount Offered ($million) 30 25 50 15 20 50 20 25 75 25
Total Amount Allocated ($million) 30 25 50 15 20 50 20 25 75 25
Total Number of Bids Received 17 12 26 11 13 20 19 7 25 16
Total Amount of Bids Received ($million) 83 45 122 48 63 126 80 27 172 76
Total Number of Successful Bids 7 5 12 3 4 7 8 7 13 8
Highest Yield Accepted (%) 2.690 2.925 3.200 3.295 2.750 2.995 3.200 2.595 3.055 3.280
Lowest Yield Accepted (%) 2.650 2.870 3.135 3.280 2.720 2.920 3.170 2.550 3.005 3.260
Highest Yield Rejected (%) 2.780 2.970 3.295 3.400 2.825 3.085 3.285 2.595 3.190 3.370
Lowest Yield Rejected (%) 2.700 2.930 3.200 3.330 2.750 2.995 3.200 2.595 3.055 3.280
Weighted Average Accepted Yield (%) 2.6733 2.9058 3.1734 3.2867 2.7408 2.9884 3.1835 2.5811 3.0362 3.2710
Weighted Average Rejected Yield (%) 2.7264 2.9450 3.2444 3.3653 2.7732 3.0234 3.2162 2.5950 3.0905 3.3073
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100.0 100.0 41.7 100.0 45 47.3 22.2 70 42.8 33.3
Coverage Ratio 2.7667 1.8000 2.4400 3.2000 3.1250 2.5200 4.000 1.0960 2.2993 3.0400

*Individual allotments may vary due to rounding.

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