Official Result (MOF)
| Auction Date | 1993-07-06 |
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| Issue Date | 1993-07-20 |
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| Issue | JGB (20-Year) No. 22（reopen） |
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| Coupon (%) | 5.3% |
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| Maturity | 2013-03-20 |
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| Method | price conventional |
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| Offering | ¥300B |
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| Competitive Bids | ¥797B |
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| Accepted Amount | ¥299.7B |
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| Lowest Accepted Price | 99.50（5.352%） |
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| Weighted Avg Price | 99.65（5.336%） |
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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 | 2.66 | 2.21 | 2.46 | 1.60 | 3.58 | +0.32 |
| Tail (sen) | 15 | 19 | 19 | 4 | 51 | -0.30 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | B (score +0.31) | (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) | 1.6 | 2.1 |
Same-tenor Auction History