LGFA Bond Tender Number 49; coverage ratio rises from 1.74x to 2.97x; weighted average yield for the issue was 2.91%

The LGFA has announced the results of LGFA Bond tender number 49 held on 23 August 2017.

Tender Date: Wed, 23 August 2017
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 28 August 2017

  Today Previous (19-07-17) Previous (14-06-17)
Series 
Offered
3.00%
15 Apr 2020
6.00%
15 May 2021
5.50%
15 Apr 2023
4.50%
15 Apr 2027
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
Total Amount Offered ($million) 30 30 30 20 50 40 25 30 35 50 25 80
Total Amount Allocated ($million) 30 30 39 11 50 40 25 30 35 50 25 80
Total Number of Bids Received 14 13 12 11 10 17 8 14 13 17 18 19
Total Amount of Bids Received ($million) 116 107 74 30 106 65 38 43 115 99 73 89
Total Number of Successful Bids 4 2 5 6 1 10 5 12 2 4 6 17
Highest Yield Accepted (%) 2.485 2.765 3.160 3.780 2.535 3.590 3.800 4.470 2.500 3.370 3.570 4.200
Lowest Yield Accepted (%) 2.480 2.735 3.140 3.740 2.535 3.550 3.770 4.350 2.480 3.360 3.560 4.115
Highest Yield Rejected (%) 2.570 2.870 3.370 3.890 2.600 3.625 3.850 4.580 2.580 3.450 3.670 4.240
Lowest Yield Rejected (%) 2.485 2.765 3.160 3.790 2.540 3.590 3.800 4.470 2.510 3.380 3.570 4.200
Weighted Average Accepted Yield (%) 2.4805 2.7400 3.1449 3.7664 2.5350 3.5716 3.7772 4.4098 2.4914 3.3650 3.5656 4.1517
Weighted Average Rejected Yield (%) 2.5102 2.8025 3.2329 3.8258 2.5625 3.6035 3.8246 4.5412 2.5287 3.4208 3.6233 4.2233
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 8.1 50.0 83.3 100.0 100.0 56.8 50.0 40.0 100.0 100.0 87.5 80.0
Coverage Ratio 3.8667 3.5667 2.4667 1.5000 2.1200 1.6216 1.5200 1.4333 3.2857 1.9800 2.9200 1.1125

*Individual allotments may vary due to rounding.

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