Tender 101

Tender Date:: 9 Aug 2023
Results: From 2.05pm
Settlement Date: 14 Aug 2023

LGFA Bonds Issued

Coupon Rate: 4.50%
Offered: 15 Apr 2027
Total Amount Offered: $50million
Total Amount Allocated: $50million
Total Number of Bids Received: 12
Total Amount of Bids Received: $116million
Total Number of Successful Bids: 8
Highest Yield Accepted: 5.265%
Lowest Yield Accepted: 5.245%
Highest Yield Rejected: 5.300%
Lowest Yield Rejected: 5.265%
Weighted Average Accepted Yield: 5.256%
Weighted Average Rejected Yield: 5.281%
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield: 62.5
Coverage Ratio: 2.3200

Coupon Rate: 2.25%
Offered: 15 May 2028
Total Amount Offered: $50million
Total Amount Allocated: $50million
Total Number of Bids Received: 16
Total Amount of Bids Received: $208million
Total Number of Successful Bids: 2
Highest Yield Accepted: 5.245%
Lowest Yield Accepted: 5.235%
Highest Yield Rejected: 5.350%
Lowest Yield Rejected: 5.250%
Weighted Average Accepted Yield: 5.240%
Weighted Average Rejected Yield: 5.274%
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield: 100.0
Coverage Ratio: 4.1600

Coupon Rate: 1.50%
Offered: 20 Apr 2029
Total Amount Offered: $50million
Total Amount Allocated: $50million
Total Number of Bids Received: 12
Total Amount of Bids Received: $152million
Total Number of Successful Bids: 3
Highest Yield Accepted: 5.280%
Lowest Yield Accepted: 5.275%
Highest Yield Rejected: 5.360%
Lowest Yield Rejected: 5.280%
Weighted Average Accepted Yield: 5.278%
Weighted Average Rejected Yield: 5.294%
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield: 41.7
Coverage Ratio: 3.0400

Coupon Rate: 3.50%
Offered: 14 Apr 2033
Total Amount Offered: $40million
Total Amount Allocated: $40million
Total Number of Bids Received: 20
Total Amount of Bids Received: $124million
Total Number of Successful Bids: 2
Highest Yield Accepted: 5.370%
Lowest Yield Accepted: 5.360%
Highest Yield Rejected: 5.535%
Lowest Yield Rejected: 5.385%
Weighted Average Accepted Yield: 5.365%
Weighted Average Rejected Yield: 5.435%
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield: 100.0
Coverage Ratio: 3.1050

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.