Official Result (MOF)
| Auction Date | 1994-05-19 |
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| Issue Date | 1994-05-31 |
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| Issue | JGB (20-Year) No. 26（new） |
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| Coupon (%) | 4.5% |
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| Maturity | 2014-09-22 |
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| Method | price conventional |
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| Offering | ¥300B |
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| Competitive Bids | ¥788.2B |
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| Accepted Amount | ¥299.2B |
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| Lowest Accepted Price | 99.95（4.504%） |
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| Weighted Avg Price | 100.17（4.483%） |
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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 | 2.63 | 3.02 | 2.69 | 1.62 | 3.63 | -0.09 |
| Tail (sen) | 22 | 23 | 15 | 4 | 34 | +0.81 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | D (score -0.45) | (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 | 2.0 |
Same-tenor Auction History