Tender 100

Tender Date:: 5 Jul 2023
Results: From 2.05pm
Settlement Date: 10 Jul 2023

LGFA Bonds Issued

Coupon Rate: 2.75%
Offered: 15 Apr 2025
Total Amount Offered: $60million
Total Amount Allocated: $60million
Total Number of Bids Received: 14
Total Amount of Bids Received: $85million
Total Number of Successful Bids: 9
Highest Yield Accepted: 5.725%
Lowest Yield Accepted: 5.670%
Highest Yield Rejected: 5.770%
Lowest Yield Rejected: 5.730%
Weighted Average Accepted Yield: 5.692%
Weighted Average Rejected Yield: 5.743%
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield: 100.0
Coverage Ratio: 1.4167

Coupon Rate: 4.50%
Offered: 15 Apr 2027
Total Amount Offered: $60million
Total Amount Allocated: $60million
Total Number of Bids Received: 16
Total Amount of Bids Received: $135million
Total Number of Successful Bids: 6
Highest Yield Accepted: 5.280%
Lowest Yield Accepted: 5.250%
Highest Yield Rejected: 5.370%
Lowest Yield Rejected: 5.280%
Weighted Average Accepted Yield: 5.262%
Weighted Average Rejected Yield: 5.314%
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield: 50.0
Coverage Ratio: 2.2500

Coupon Rate: 1.50%
Offered: 20 Apr 2029
Total Amount Offered: $60million
Total Amount Allocated: $60million
Total Number of Bids Received: 24
Total Amount of Bids Received: $180million
Total Number of Successful Bids: 9
Highest Yield Accepted: 5.280%
Lowest Yield Accepted: 5.240%
Highest Yield Rejected: 5.370%
Lowest Yield Rejected: 5.280%
Weighted Average Accepted Yield: 5.261%
Weighted Average Rejected Yield: 5.308%
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield: 25.0
Coverage Ratio: 3.0000

Coupon Rate: 2.25%
Offered: 15 May 2031
Total Amount Offered: $50million
Total Amount Allocated: $50million
Total Number of Bids Received: 17
Total Amount of Bids Received: $75million
Total Number of Successful Bids: 13
Highest Yield Accepted: 5.350%
Lowest Yield Accepted: 5.295%
Highest Yield Rejected: 5.395%
Lowest Yield Rejected: 5.350%
Weighted Average Accepted Yield: 5.323%
Weighted Average Rejected Yield: 5.375%
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield: 66.3
Coverage Ratio: 1.5012

LGFA Tender History

The LGFA publishes an MS Excel file containing the historical data for LGFA bond tenders. The MS Excel file is updated shortly after publication of the results of the latest tender.