sign up log in
Want to go ad-free? Find out how, here.

LGFA Bond Tender Number 47; demand weakens with weighted average coverage ratio of 1.98x and weighted average yield of 3.56%

Bonds
LGFA Bond Tender Number 47; demand weakens with weighted average coverage ratio of 1.98x and weighted average yield of 3.56%

The LGFA has announced the results of LGFA Bond tender number 47 held on 14 June 2017.

Tender Date: Wed, 14 June 2017
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 19 June 2017

  Today Previous (10-05-17) Previous (05-04-17)
Series 
Offered
3.00%
15 Apr 2020
2.75%
15 Apr 2025
4.50%
15 Apr 2027
3.50%
14 Apr 2033

3.00%
15 Apr 2020

2.75%
15 Apr 2025

4.50%
15 Apr 2027
3.50%
14 Apr 2033
3.00%
15 Apr 2020
5.50%
15 Apr 2023
2.75%
15 Apr 2025
3.50%
14 Apr 2033
Total Amount Offered ($million) 35 50 25 80 35 35 35 60 30 20 50 75
Total Amount Allocated ($million) 35 50 25 80 35 35 35 60 30 20 50 75
Total Number of Bids Received 13 17 18 19 12 24 21 26 15 16 18 62
Total Amount of Bids Received ($million) 115 99 73 89 167 215 119 141 164 103 102 291
Total Number of Successful Bids 2 4 6 17 1 3 8 11 2 4 1 16
Highest Yield Accepted (%) 2.500 3.370 3.570 4.200 2.720 3.710 3.910 4.425 2.720 3.350 3.710 4.530
Lowest Yield Accepted (%) 2.480 3.360 3.560 4.115 2.720 3.710 3.885 4.385 2.705 3.340 3.710 4.460
Highest Yield Rejected (%) 2.580 3.450 3.670 4.240 2.790 3.760 3.955 4.540 2.800 3.415 3.820 4.690
Lowest Yield Rejected (%) 2.510 3.380 3.570 4.200 2.725 3.710 3.910 4.425 2.720 3.350 3.715 4.530
Weighted Average Accepted Yield (%) 2.4914 3.3650 3.5656 4.1517 2.7200 3.7100 3.8986 4.4138 2.7150 3.4550 3.7100 4.5073
Weighted Average Rejected Yield (%) 2.5287 3.4208 3.6233 4.2233 2.7408 3.7288 3.9285 4.4678 2.7562 3.3793 3.7618 4.5831
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100.0 100.0 87.5 80.0 100.0 71.4 65.8 50.0 66.7 66.7 100.0 9.1
Coverage Ratio 3.2857 1.9800 2.9200 1.1125 4.7786 6.1429 3.4044 2.3500 5.4730 5.1690 2.0400 3.8800

*Individual allotments may vary due to rounding.

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.