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auctions / 20Y / 2005-07-26

Official Result (MOF)

Auction Date2005-07-26
Issue Date2005-07-29
IssueJGB (20-Year) No. 79(new)
Coupon (%)2%
Maturity2025-06-20
Methodprice conventional
Offering¥700B
Competitive Bids¥1.8T
Accepted Amount¥648.9B
Lowest Accepted Price100.50(1.965%)
Weighted Avg Price100.56(1.960%)
Allotment Ratio
Non-competitive I¥50.7B
Non-competitive II¥0M

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79回)
Legal basis財政法(昭和22年法律第34号)第4条第1項及び財政融資資金特別会計法(昭和26年法律第101号)第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
Coupon dates毎年6月20日及び12月20日
Planned amount
Bid deadline
Payment date
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.783.773.983.324.53-3.06
Tail (sen)695212+0.17
Non-competitive take-up7.2%7.3%
GradeE (score -1.62)(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)0.50.7

Same-tenor Auction History

3.004.002004-072004-112005-032005-07
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2005-07-26JGB (20-Year) No. 792.7861.960
2005-06-16JGB (20-Year) No. 783.7791.938
2005-05-24JGB (20-Year) No. 774.53121.932
2005-04-21JGB (20-Year) No. 764.3521.902
2005-03-17JGB (20-Year) No. 754.1622.063
2005-02-22JGB (20-Year) No. 744.0872.063
2005-01-20JGB (20-Year) No. 734.4821.988
2004-12-14JGB (20-Year) No. 733.6971.981
2004-11-16JGB (20-Year) No. 723.9522.120
2004-10-26JGB (20-Year) No. 723.8522.066
2004-09-16JGB (20-Year) No. 724.2682.087
2004-08-24JGB (20-Year) No. 713.3242.237
2004-07-22JGB (20-Year) No. 703.3282.390