Official Result (MOF)
| Auction Date | 1994-11-08 |
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| Issue Date | 1994-11-21 |
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| Issue | JGB (20-Year) No. 27（reopen） |
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| Coupon (%) | 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 | ¥738.5B |
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| Accepted Amount | ¥298.7B |
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| Lowest Accepted Price | 99.00（5.101%） |
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| Weighted Avg Price | 99.16（5.084%） |
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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 | 2.47 | 2.02 | 2.74 | 1.62 | 3.63 | -0.47 |
| Tail (sen) | 16 | 11 | 14 | 4 | 24 | +0.34 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | D (score -0.41) | (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) | 1.7 | 1.2 |
Same-tenor Auction History