LGFA Bond Tender Number 52; weighted average yield accepted was 3.34% and coverage ratio was up to 3.94x

The LGFA has announced the results of LGFA Bond tender number 52 held on 13 December 2017.

Tender Date: Wednesday, 13 December 2017
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Friday, 15 December 2017

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Series 
Offered
3.00% 15 Apr 2020 2.75% 15 Apr 2025 3.50% 14 Apr 2033 3.00% 15 Apr 2020  6.00% 15 May 2021 5.50% 15 Apr 2023 2.75% 15 Apr 2025 5.00% 15 Mar 2019 3.00% 15 Apr 2020 2.75% 15 Apr 2025
Total Amount Offered ($million) 40 40 40 20 40 40 30 40 40 40
Total Amount Allocated ($million) 40 40 40 20 40 40 24 40 40 40
Total Number of Bids Received 11 20 26 10 12 7 5 8 9 15
Total Amount of Bids Received ($million) 150 182 141 39 77 61 24 100 81 144
Total Number of Successful Bids 2 5 2 4 6 5 5 2 2 6
Highest Yield Accepted (%) 2.325 3.440 4.260 2.435 2.695 3.070 3.535 2.210 2.495 3.665
Lowest Yield Accepted (%) 2.325 3.435 4.250 2.410 2.665 3.050 3.475 2.210 2.490 3.655
Highest Yield Rejected (%) 2.370 3.655 4.675 2.510 2.750 3.110 0.000 2.275 2.540 3.720
Lowest Yield Rejected (%) 2.325 3.440 4.275 2.435 2.695 3.070 0.000 2.210 2.500 3.665
Weighted Average Accepted Yield (%) 2.3250 3.4375 4.2550 2.4324 2.6901 3.0650 3.5094 2.2100 2.4925 3.6594
Weighted Average Rejected Yield (%) 2.3470 3.4852 4.3927 2.4658 2.7112 3.0831 0.0000 2.2363 2.5194 3.6843
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 80.0 39.2 100.0 77.5 62.5 96.0 100.0 88.9 100.0 27.8
Coverage Ratio 3.7500 4.5500 3.5125 1.9250 1.9125 1.525 0.800 2.5000 2.0312 3.6000

*Individual allotments may vary due to rounding.

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