Official Result (MOF)
| Auction Date | 1997-04-08 |
|---|
| Issue Date | 1997-04-21 |
|---|
| Issue | JGB (20-Year) No. 36（new） |
|---|
| Coupon (%) | 3% |
|---|
| Maturity | 2017-09-20 |
|---|
| Method | price conventional |
|---|
| Offering | ¥400B |
|---|
| Competitive Bids | ¥1.8T |
|---|
| Accepted Amount | ¥398.7B |
|---|
| Lowest Accepted Price | 100.50（2.960%） |
|---|
| Weighted Avg Price | 100.53（2.957%） |
|---|
| Allotment Ratio | — |
|---|
| Non-competitive I | — |
|---|
| Non-competitive II | — |
|---|
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 |
|---|
| Bid/Cover | 4.56 | 3.34 | 3.01 | 2.28 | 3.78 | +3.42 |
| Tail (sen) | 3 | 6 | 10 | 5 | 23 | -1.43 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | A (score +2.42) | (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) | 0.3 | 0.5 |
Same-tenor Auction History