Official Result (MOF)
| Auction Date | 1993-06-10 |
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| Issue Date | 1993-06-25 |
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| Issue | JGB (20-Year) No. 23（new） |
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| Coupon (%) | 5.5% |
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| Maturity | 2013-09-20 |
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| Method | price conventional |
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| Offering | ¥300B |
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| Competitive Bids | ¥813.7B |
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| Accepted Amount | ¥369B |
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| Lowest Accepted Price | 99.50（5.552%） |
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| Weighted Avg Price | 99.69（5.531%） |
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| Allotment Ratio | — |
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| Non-competitive I | — |
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| Non-competitive II | — |
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Source: https://www.mof.go.jp/jgbs/reference/appendix/jgb_historical_data.xls
Derived Metrics calc auction-v1 / auction-v2
| This | Prev | avg (12) | min | max | z |
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| Bid/Cover | 2.21 | 3.32 | 2.38 | 1.29 | 3.58 | -0.25 |
| Tail (sen) | 19 | 4 | 20 | 4 | 51 | -0.10 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | C (score -0.07) | (z(B/C) − z(tail))/2 bucketed A(≥1)/B(≥0.3)/C/D(≤−0.3)/E(≤−1), vs last 12 same-tenor |
| Yield tail (bp) | 2.1 | 0.5 |
Same-tenor Auction History