LGFA Bond Tender Number 60; weighted average accepted yield was 3.20%; coverage ratio was 2.30x

The LGFA has announced the results of LGFA Bond tender number 60 held on 7 November 2018.

Tender Date: Wednesday, 7 November 2018
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 12 November 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 4.50% 15 Apr 2027 3.50% 14 Apr 2033 2.75% 14 Apr 2022 2.75% 15 Apr 2025 4.50% 15 Apr 2027 3.50% 14 Apr 2033
Total Amount Offered ($million) 60 60 50 30 70 50 40 50 50 50 40 70
Total Amount Allocated ($million) 60 60 50 30 70 50 40 50 50 50 20 90
Total Number of Bids Received 17 18 16 12 9 17 16 12 16 18 8 27
Total Amount of Bids Received ($million) 171 175 73 40 126 94 107 50 157 165 20 140
Total Number of Successful Bids 5 8 12 10 2 10 4 12 5 8 8 16
Highest Yield Accepted (%) 2.570 3.170 3.500 4.160 2.380 2.965 3.265 3.915 2.420 2.985 3.270 3.840
Lowest Yield Accepted (%) 2.555 3.150 3.460 4.070 2.380 2.935 3.260 3.855 2.410 2.955 3.230 3.785
Highest Yield Rejected (%) 2.630 3.265 3.545 4.180 2.430 2.990 3.330 0.000 2.480 3.030 0.000 3.890
Lowest Yield Rejected (%) 2.570 3.170 3.500 4.170 2.380 2.965 3.265 0.000 2.420 2.985 0.000 3.840
Weighted Average Accepted Yield (%) 2.5636 3.1572 3.4770 4.1198 2.3800 2.9536 3.2646 3.8816 2.4127 2.9774 3.2490 3.8274
Weighted Average Rejected Yield (%) 2.5928 3.1944 3.5261 4.1750 2.3928 2.9772 3.2838 0.0000 2.4323 2.9980 0.0000 3.8498
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 65.7 30.8 50 100 70.0 40.0 56.9 100.0 32.4 71.4 100.0 78.0
Coverage Ratio 2.8500 2.9167 1.4600 1.3333 1.8000 1.8800 2.6750 1.0000 3.1400 3.3000 0.5000 2.0000

*Individual allotments may vary due to rounding.

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