LGFA Bond Tender Number 55; weighted average accepted yield was 3.39%; coverage ratio was 3.41x

The LGFA has announced the results of LGFA Bond tender number 55 held on 9 May 2018.

Tender Date: Wednesday, 9 May 2018
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 14 May 2018

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Series 
Offered
2.75% 14 Apr 2022 2.75% 15 Apr 2025 3.50% 14 Apr 2033 2.75% 14 Apr 2022 2.75% 15 Apr 2025 3.00% 15 Apr 2020 2.75% 15 Apr 2025 4.50% 15 Apr 2027
Total Amount Offered ($million) 60 50 40 150 40 45 45 30
Total Amount Allocated ($million) 60 50 40 150 40 45 45 30
Total Number of Bids Received 21 20 20 34 19 15 19 17
Total Amount of Bids Received ($million) 237 166 109 395 124 185 172 110
Total Number of Successful Bids 9 5 6 6 4 6 11 15
Highest Yield Accepted (%) 2.800 3.425 4.265 2.805 3.410 2.265 3.530 3.860
Lowest Yield Accepted (%) 2.770 3.410 4.245 2.775 3.400 2.250 3.480 3.845
Highest Yield Rejected (%) 2.880 3.540 4.520 2.970 3.535 2.305 3.720 4.065
Lowest Yield Rejected (%) 2.800 3.430 4.270 2.805 3.410 2.265 3.530 3.860
Weighted Average Accepted Yield (%) 2.7897 3.4150 4.2626 2.7864 3.4098 2.2589 3.5069 3.8554
Weighted Average Rejected Yield (%) 2.8332 3.4668 4.3389 2.8599 3.4558 2.2737 3.5626 3.9148
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 53.3 100.0 100.0 45.4 84.8 50.0 5.6 70.0
Coverage Ratio 3.9500 3.3200 2.7250 2.6353 3.0875 4.1000 3.8222 3.6667

*Individual allotments may vary due to rounding.

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