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auctions / 20Y / 2003-02-20

Official Result (MOF)

Auction Date2003-02-20
Issue Date2003-02-25
IssueJGB (20-Year) No. 60(new)
Coupon (%)1.4%
Maturity2022-12-20
Methodprice conventional
Offering¥700B
Competitive Bids¥1.5T
Accepted Amount¥699.4B
Lowest Accepted Price98.90(1.471%)
Weighted Avg Price99.16(1.454%)
Allotment Ratio
Non-competitive I
Non-competitive II

Source: https://www.mof.go.jp/jgbs/reference/appendix/jgb_historical_data.xls

Offering Terms (from MOF notice) documents →

Official name利付国庫債券(20年)(第60回)
Legal basis財政融資資金特別会計法(昭和26年法律第101号)第 及びその条項 11条第1項並びに国債整理基金特別会計法(明治39年 法律第6号)第5条第1項及び第5条ノ2
Coupon dates毎年6月20日及び12月20日
Planned amount
Bid deadline
Payment date
Non-competitive II
Price terms募入となったものにつきそれぞれの応募価格

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.092.141.881.382.56+0.71
Tail (sen)26512336+1.68
Non-competitive take-up0.0%0.0%
GradeD (score -0.48)(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)1.70.3

Same-tenor Auction History

1.502.002.502001-012001-102002-062003-02
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2003-02-20JGB (20-Year) No. 602.09261.454
2002-12-12JGB (20-Year) No. 592.1451.653
2002-10-08JGB (20-Year) No. 582.08111.892
2002-08-06JGB (20-Year) No. 571.66101.955
2002-06-13JGB (20-Year) No. 562.0382.033
2002-04-09JGB (20-Year) No. 551.94142.050
2002-02-13JGB (20-Year) No. 541.90362.188
2001-12-06JGB (20-Year) No. 531.8182.090
2001-10-10JGB (20-Year) No. 521.7692.037
2001-08-02JGB (20-Year) No. 511.38152.049
2001-06-12JGB (20-Year) No. 501.6641.842
2001-04-03JGB (20-Year) No. 502.5631.819
2001-01-17JGB (20-Year) No. 491.68182.147