Latest Tender Results – LGFA Bond Tender Number 30; 50% of bids accepted in long end, keen interest in 2021 maturity

The LGFA has announced the results of LGFA Bond tender number 30 held on 15 July 2015.

Tender Date: Wed, 15 July 2015
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Mon, 20 July 2015

Series Offered 3.00%
 15 April 2020
6.00% 
15 May 2021
4.50% 
15 April 2027
Total Amount Offered ($million) 25 30 95
Total Amount Allocated ($million) 25 30 95
Total Number of Bids Received 11 12 40
Total Amount of Bids Received ($million) 43 102 251
Total Number of Successful Bids 8 6 21
Highest Yield Accepted (%) 3.470 3.610 4.310
Lowest Yield Accepted (%) 3.435 3.585 4.270
Highest Yield Rejected (%) 3.500 3.670 4.360
Lowest Yield Rejected (%) 3.470 3.610 4.310
Weighted Average Accepted Yield (%) 3.4572 3.6068 4.2914
Weighted Average Rejected Yield (%) 3.4881 3.6327 4.3349
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 40.0 67.7 28.6
Coverage Ratio 1.7200 3.4000 2.6421

*Individual allotments may vary due to rounding.