LGFA Bond Tender Number 56; weighted average accepted yield of 3.35%; coverage ratio of 2.5x

The LGFA has announced the results of LGFA Bond tender number 56 held on 13 June 2018.

Tender Date: Wednesday, 13 June 2018
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 18 June 2018

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Series 
Offered
2.75% 14 Apr 2022 2.75% 15 Apr 2025 4.50% 15 Apr 2027 3.50% 14 Apr 2033 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
Total Amount Offered ($million) 60 30 30 30 60 50 40 150 40
Total Amount Allocated ($million) 60 30 30 30 60 50 40 150 40
Total Number of Bids Received 13 11 9 9 21 20 20 34 19
Total Amount of Bids Received ($million) 127 94 68 86 237 166 109 395 124
Total Number of Successful Bids 3 4 1 1 9 5 6 6 4
Highest Yield Accepted (%) 2.730 3.440 3.635 4.235 2.800 3.425 4.265 2.805 3.410
Lowest Yield Accepted (%) 2.720 3.435 3.635 4.235 2.770 3.410 4.245 2.775 3.400
Highest Yield Rejected (%) 2.810 3.480 3.715 4.350 2.880 3.540 4.520 2.970 3.535
Lowest Yield Rejected (%) 2.730 3.440 3.680 4.250 2.800 3.430 4.270 2.805 3.410
Weighted Average Accepted Yield (%) 2.7233 3.4398 3.6350 4.2350 2.7897 3.4150 4.2626 2.7864 3.4098
Weighted Average Rejected Yield (%) 2.7701 3.4569 3.6905 4.2701 2.8332 3.4668 4.3389 2.8599 3.4558
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 33.3 78.4 100.0 100.0 53.3 100.0 100.0 45.4 84.8
Coverage Ratio 2.1167 3.1333 2.2667 2.8667 3.9500 3.3200 2.7250 2.6353 3.0875

*Individual allotments may vary due to rounding.

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