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LGFA Bond Tender Number 57; weighted average accepted yield was 3.55%; coverage ratio was 2.93x

Bonds
LGFA Bond Tender Number 57; weighted average accepted yield was 3.55%; coverage ratio was 2.93x

The LGFA has announced the results of LGFA Bond tender number 57 held on 18 July 2018.

Tender Date: Wednesday, 18 July 2018
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 23 July 2018

  Today Previous (13-6-18) Previous (9-5-18)
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 3.50% 14 Apr 2033
Total Amount Offered ($million) 30 40 30 75 60 30 30 30 60 50 40
Total Amount Allocated ($million) 30 40 30 75 60 30 30 30 60 50 40
Total Number of Bids Received 13 21 17 24 13 11 9 9 21 20 20
Total Amount of Bids Received ($million) 80 141 83 209 127 94 68 86 237 166 109
Total Number of Successful Bids 8 6 7 4 3 4 1 1 9 5 6
Highest Yield Accepted (%) 2.670 3.270 3.500 4.080 2.730 3.440 3.635 4.235 2.800 3.425 4.265
Lowest Yield Accepted (%) 2.650 3.255 3.465 4.070 2.720 3.435 3.635 4.235 2.770 3.410 4.245
Highest Yield Rejected (%) 2.745 3.340 3.600 4.180 2.810 3.480 3.715 4.350 2.880 3.540 4.520
Lowest Yield Rejected (%) 2.670 3.270 3.500 4.080 2.730 3.440 3.680 4.250 2.800 3.430 4.270
Weighted Average Accepted Yield (%) 2.6548 3.2685 3.4851 4.0748 2.7233 3.4398 3.6350 4.2350 2.7897 3.4150 4.2626
Weighted Average Rejected Yield (%) 2.6841 3.2865 3.5445 4.1088 2.7701 3.4569 3.6905 4.2701 2.8332 3.4668 4.3389
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 16.2 50.7 26.7 96.9 33.3 78.4 100.0 100.0 53.3 100.0 100.0
Coverage Ratio 2.6667 3.5250 2.7733 2.7867 2.1167 3.1333 2.2667 2.8667 3.9500 3.3200 2.7250

*Individual allotments may vary due to rounding.

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