Latest Tender Results – LGFA Bond Tender Number 35; popular across all maturities, especially 2023's; average weighted accepted yield 3.8%

The LGFA has announced the results of LGFA Bond tender number 35 held on 17 February 2016.

Tender Date: Wed, 17 February 2016
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Mon, 22 February 2016

Series Offered 5.00%
 15 April 2020
5.50% 
15 April 2023
4.50% 
15 April 2027
Total Amount Offered ($million) 20 50 50
Total Amount Allocated ($million) 20 50 50
Total Number of Bids Received 14 36 33
Total Amount of Bids Received ($million) 66 187 116
Total Number of Successful Bids 2 9 18
Highest Yield Accepted (%) 3.160 3.660 4.185
Lowest Yield Accepted (%) 3.150 3.600 4.070
Highest Yield Rejected (%) 3.350 3.860 4.280
Lowest Yield Rejected (%) 3.160 3.660 4.185
Weighted Average Accepted Yield (%) 3.1550 3.6294 4.1521
Weighted Average Rejected Yield (%) 3.2065 3.7576 4.2255
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 50.0 72.7 70.0
Coverage Ratio 3.3000 3.7400 2.3200

*Individual allotments may vary due to rounding.