Latest Tender Results – LGFA Bond Tender Number 33; long-end under-allocated; LGFA re-jigs allocations; average weighted accepted yield 3.8% (previously 3.85%)

The LGFA has announced the results of LGFA Bond tender number 33 held on 4 November 2015.

Tender Date: Wed, 4 November 2015
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Mon, 9 November 2015

Series Offered 5.00%
 15 March 2019
5.50% 
15 April 2023
4.50% 
15 April 2027
Total Amount Offered ($million) 20 50 70
Total Amount Allocated ($million) 30 50 60
Total Number of Bids Received 11 18 24
Total Amount of Bids Received ($million) 64 81 94
Total Number of Successful Bids 2 8 18
Highest Yield Accepted (%) 3.080 3.755 4.200
Lowest Yield Accepted (%) 3.070 3.715 4.095
Highest Yield Rejected (%) 3.195 3.840 4.230
Lowest Yield Rejected (%) 3.080 3.755 4.200
Weighted Average Accepted Yield (%) 3.0757 3.7331 4.1483
Weighted Average Rejected Yield (%) 3.1316 3.8063 4.2134
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 85.0 90.9 38.5
Coverage Ratio 3.2000 1.6200 1.3429

*Individual allotments may vary due to rounding.