LGFA Bond Tender Number 61; weighted average accepted yield was 2.73%; coverage ratio was 2.22x

LGFA Bond Tender Number 61; weighted average accepted yield was 2.73%; coverage ratio was 2.22x

The LGFA has announced the results of LGFA Bond tender number 61 held on 12 December 2018.

Tender Date: Wednesday, 12 December 2018
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 17 December 2018

  Today Previous (7-11-18) Previous (3-10-18)
Series 
Offered
6.00% 15 May 2021 2.75% 14 Apr 2022 2.75% 15 Apr 2025 4.50% 15 Apr 2027 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 ($million) 30 60 60 40 60 60 50 30 70 50 40 50
Total Amount Allocated ($million) 30 60 60 40 60 60 50 30 70 50 40 50
Total Number of Bids Received 12 16 17 21 17 18 16 12 9 17 16 12
Total Amount of Bids Received ($million) 95 106 134 86 171 175 73 40 126 94 107 50
Total Number of Successful Bids 1 6 7 10 5 8 12 10 2 10 4 12
Highest Yield Accepted (%) 2.255 2.425 2.955 3.230 2.570 3.170 3.500 4.160 2.380 2.965 3.265 3.915
Lowest Yield Accepted (%) 2.255 2.405 2.930 3.200 2.555 3.150 3.460 4.070 2.380 2.935 3.260 3.855
Highest Yield Rejected (%) 2.315 2.520 3.030 3.335 2.630 3.265 3.545 4.180 2.430 2.990 3.330 0.000
Lowest Yield Rejected (%) 2.260 2.425 2.955 3.240 2.570 3.170 3.500 4.170 2.380 2.965 3.265 0.000
Weighted Average Accepted Yield (%) 2.2550 2.4142 2.9492 3.2174 2.5636 3.1572 3.4770 4.1198 2.3800 2.9536 3.2646 3.8816
Weighted Average Rejected Yield (%) 2.2745 2.4615 2.9718 3.2653 2.5928 3.1944 3.5261 4.1750 2.3928 2.9772 3.2838 0.0000
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100.0 50.0 51.7 100.0 65.7 30.8 50 100 70.0 40.0 56.9 100.0
Coverage Ratio 3.1667 1.7667 2.2333 2.1500 2.8500 2.9167 1.4600 1.3333 1.8000 1.8800 2.6750 1.0000

*Individual allotments may vary due to rounding.

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