Latest Tender Results – LGFA Bond Tender Number 44; 100% of 2020 bonds allotted at lowest yield offered, with a coverage ratio of 8.25; weighted coverage ratio rises to 4.4 times; weighted average yields slightly lower across all terms

The LGFA has announced the results of LGFA Bond tender number 44 held on 15 February 2017.

Tender Date: Wed, 15 February 2017
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 20 February 2017

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Series Offered 3.00%
 15 April 2020
2.75% 
15 April 2025
4.50% 
15 April 2027
3.00%
 15 April 2020
2.75% 
15 April 2025
4.50% 
15 April 2027
5.00%
 15 Mar 2019
3.00%
 15 April 2020
2.75% 
15 April 2025
Total Amount Offered ($million) 20 100 40 25 100 45 20 20 50
Total Amount Allocated ($million) 20 100 40 25 100 45 20 20 50
Total Number of Bids Received 18 55 22 20 27 23 16 13 29
Total Amount of Bids Received ($million) 165 390 146 145 255 127 75 56 129
Total Number of Successful Bids 1 9 4 4 7 8 2 2 4
Highest Yield Accepted (%) 2.980 4.000 4.195 3.000 4.025 4.235 2.650 2.900 3.770
Lowest Yield Accepted (%) 2.980 3.980 4.190 2.995 4.000 4.220 2.650 2.890 3.750
Highest Yield Rejected (%) 3.085 4.095 4.265 3.110 4.200 4.360 2.760 3.020 3.980
Lowest Yield Rejected (%) 2.985 4.000 4.195 3.000 4.025 4.235 2.650 2.900 3.770
Weighted Average Accepted Yield (%) 2.9800 3.9947 4.1903 2.9994 4.0186 4.2284 2.6500 2.8990 3.7560
Weighted Average Rejected Yield (%) 3.0103 4.0278 4.2092 3.0235 4.0712 4.2584 2.6993 2.9600 3.8453
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 100.0 34.4 5.0 66.7 49.3 17.0 80.0 90.0 25.0
Coverage Ratio 8.2500 3.9000 3.6500 5.8000 2.5500 2.8222 3.7500 2.8000 2.5800

*Individual allotments may vary due to rounding.