Official Result (MOF)
| Auction Date | 1995-10-12 |
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| Issue Date | 1995-10-25 |
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| Issue | JGB (20-Year) No. 31（new） |
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| Coupon (%) | 3.5% |
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| Maturity | 2016-03-21 |
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| Method | price conventional |
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| Offering | ¥300B |
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| Competitive Bids | ¥681.7B |
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| Accepted Amount | ¥299.5B |
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| Lowest Accepted Price | 97.75（3.693%） |
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| Weighted Avg Price | 97.91（3.679%） |
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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 | 2.28 | 2.57 | 2.86 | 2.02 | 3.63 | -1.17 |
| Tail (sen) | 16 | 7 | 13 | 5 | 23 | +0.49 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | D (score -0.83) | (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) | 1.4 | 0.7 |
Same-tenor Auction History