LGFA Bond Tender Number 53; weighted average yield accepted was 3.13% and coverage ratio stable at 3.89x

The LGFA has announced the results of LGFA Bond tender number 53 held on 14 February 2018.

Tender Date: Wednesday, 14 February 2018
Bids close: 2.00pm
Results: From 2.15pm
Settlement Date: Monday, 19 February 2018

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Series 
Offered
3.00% 15 Apr 2020 2.75% 15 Apr 2025 4.50% 15 Apr 2027 3.00% 15 Apr 2020 2.75% 15 Apr 2025 3.50% 14 Apr 2033 3.00% 15 Apr 2020  6.00% 15 May 2021 5.50% 15 Apr 2023 2.75% 15 Apr 2025
Total Amount Offered ($million) 45 45 30 40 40 40 20 40 40 30
Total Amount Allocated ($million) 45 45 30 40 40 40 20 40 40 24
Total Number of Bids Received 15 19 17 11 20 26 10 12 7 5
Total Amount of Bids Received ($million) 185 172 110 150 182 141 39 77 61 24
Total Number of Successful Bids 6 11 15 2 5 2 4 6 5 5
Highest Yield Accepted (%) 2.265 3.530 3.860 2.325 3.440 4.260 2.435 2.695 3.070 3.535
Lowest Yield Accepted (%) 2.250 3.480 3.845 2.325 3.435 4.250 2.410 2.665 3.050 3.475
Highest Yield Rejected (%) 2.305 3.720 4.065 2.370 3.655 4.675 2.510 2.750 3.110 0.000
Lowest Yield Rejected (%) 2.265 3.530 3.860 2.325 3.440 4.275 2.435 2.695 3.070 0.000
Weighted Average Accepted Yield (%) 2.2589 3.5069 3.8554 2.3250 3.4375 4.2550 2.4324 2.6901 3.0650 3.5094
Weighted Average Rejected Yield (%) 2.2737 3.5626 3.9148 2.3470 3.4852 4.3927 2.4658 2.7112 3.0831 0.0000
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 50.0 5.6 70.0 80.0 39.2 100.0 77.5 62.5 96.0 100.0
Coverage Ratio 4.1000 3.8222 3.6667 3.7500 4.5500 3.5125 1.9250 1.9125 1.525 0.800

*Individual allotments may vary due to rounding.

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