Official Result (MOF)
| Auction Date | 2006-04-25 |
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| Issue Date | 2006-04-28 |
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| Issue | JGB (20-Year) No. 86（new） |
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| Coupon (%) | 2.3% |
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| Maturity | 2026-03-20 |
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| Method | price conventional |
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| Offering | ¥800B |
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| Competitive Bids | ¥1.6T |
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| Accepted Amount | ¥733.6B |
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| Lowest Accepted Price | 100.75（2.245%） |
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| Weighted Avg Price | 100.85（2.238%） |
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| Allotment Ratio | — |
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| Non-competitive I | ¥65.7B |
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| Non-competitive II | ¥16.3B |
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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８６回） |
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| Legal basis | 財政法（昭和２２年法律第３４号）第４条第１項及び平成１８年度における財政運営のための公債の発行の特例等に関する法律（平成１８年法律第１１号）第２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 |
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| Coupon dates | 毎年３月２０日及び９月２０日 |
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| Planned amount | — |
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| Bid deadline | — |
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| Payment date | — |
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| Non-competitive II | held |
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| Price terms | — |
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Derived Metrics calc auction-v1 / auction-v2
| This | Prev | avg (12) | min | max | z |
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| Bid/Cover | 2.17 | 2.73 | 3.14 | 2.18 | 4.53 | -1.37 |
| Tail (sen) | 10 | 35 | 9 | 2 | 35 | +0.10 |
| Non-competitive take-up | 10.1% | 8.3% | |
| Grade | D (score -0.73) | (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) | 0.7 | 2.5 |
Same-tenor Auction History