Tender 102

Tender Date:: 3 Oct 2023
Results: From 2.05pm
Settlement Date: 6 Oct 2023

LGFA Bonds Issued

Coupon Rate: 4.50%
Offered: 15 Apr 2027
Total Amount Offered: $40million
Total Amount Allocated: $40million
Total Number of Bids Received: 13
Total Amount of Bids Received: $105million
Total Number of Successful Bids: 4
Highest Yield Accepted: 5.840%
Lowest Yield Accepted: 5.820%
Highest Yield Rejected: 5.925%
Lowest Yield Rejected: 5.840%
Weighted Average Accepted Yield: 5.828%
Weighted Average Rejected Yield: 5.873%
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield: 83.3
Coverage Ratio: 2.6250

Coupon Rate: 2.25%
Offered: 15 May 2028
Total Amount Offered: $40million
Total Amount Allocated: $40million
Total Number of Bids Received: 14
Total Amount of Bids Received: $120million
Total Number of Successful Bids: 5
Highest Yield Accepted: 5.855%
Lowest Yield Accepted: 5.840%
Highest Yield Rejected: 5.950%
Lowest Yield Rejected: 5.855%
Weighted Average Accepted Yield: 5.847%
Weighted Average Rejected Yield: 5.897%
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield: 66.7
Coverage Ratio: 3.0000

Coupon Rate: 2.25%
Offered: 15 May 2031
Total Amount Offered: $35million
Total Amount Allocated: $35million
Total Number of Bids Received: 11
Total Amount of Bids Received: $76million
Total Number of Successful Bids: 7
Highest Yield Accepted: 6.100%
Lowest Yield Accepted: 6.035%
Highest Yield Rejected: 6.145%
Lowest Yield Rejected: 6.100%
Weighted Average Accepted Yield: 6.067%
Weighted Average Rejected Yield: 6.117%
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield: 36.0
Coverage Ratio: 2.1714

Coupon Rate: 3.50%
Offered: 14 Apr 2033
Total Amount Offered: $35million
Total Amount Allocated: $35million
Total Number of Bids Received: 12
Total Amount of Bids Received: $81million
Total Number of Successful Bids: 4
Highest Yield Accepted: 6.160%
Lowest Yield Accepted: 6.135%
Highest Yield Rejected: 6.225%
Lowest Yield Rejected: 6.160%
Weighted Average Accepted Yield: 6.156%
Weighted Average Rejected Yield: 6.196%
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield: 92.0
Coverage Ratio: 2.3143

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.