Latest Tender Results – LGFA Bond Tender Number 31; strong demand for 2023's, average weighted coverage ratio is 2.4x, and yield is 3.80%

The LGFA has announced the results of LGFA Bond tender number 31 held on 19 August 2015.

Tender Date: Wed, 19 August 2015
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Mon, 24 July 2015

Series Offered 3.00%
 15 April 2020
5.50% 
15 April 2023
4.50% 
15 April 2027
Total Amount Offered ($million) 50 25 100
Total Amount Allocated ($million) 50 25 100
Total Number of Bids Received 18 23 44
Total Amount of Bids Received ($million) 87 89 239
Total Number of Successful Bids 13 9 20
Highest Yield Accepted (%) 3.340 3.685 4.110
Lowest Yield Accepted (%) 3.310 3.655 4.050
Highest Yield Rejected (%) 3.500 3.760 4.250
Lowest Yield Rejected (%) 3.340 3.685 4.110
Weighted Average Accepted Yield (%) 3.3192 3.6720 4.0819
Weighted Average Rejected Yield (%) 3.3886 3.7189 4.1449
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 29.4 53.3 6.7
Coverage Ratio 1.74 3.56 2.39

*Individual allotments may vary due to rounding.