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auctions / 20Y / 2006-09-21

Official Result (MOF)

Auction Date2006-09-21
Issue Date2006-09-29
IssueJGB (20-Year) No. 90(new)
Coupon (%)2.2%
Maturity2026-09-20
Methodprice conventional
Offering¥800B
Competitive Bids¥2.3T
Accepted Amount¥731.8B
Lowest Accepted Price99.70(2.221%)
Weighted Avg Price99.87(2.209%)
Allotment Ratio
Non-competitive I¥67.7B
Non-competitive II¥76.1B

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90回)
Legal basis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項及び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3月20日及び9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/Cover3.132.172.612.173.11+1.55
Tail (sen)172312235+0.56
Non-competitive take-up16.4%8.7%
GradeB (score +0.49)(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)1.21.6

Same-tenor Auction History

2.503.002005-092006-012006-052006-09
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2006-09-21JGB (20-Year) No. 903.13172.209
2006-08-24JGB (20-Year) No. 892.17232.194
2006-07-25JGB (20-Year) No. 882.7532.283
2006-06-20JGB (20-Year) No. 882.73192.249
2006-05-25JGB (20-Year) No. 872.5262.173
2006-04-25JGB (20-Year) No. 862.17102.238
2006-03-16JGB (20-Year) No. 852.73352.075
2006-02-21JGB (20-Year) No. 843.1131.959
2006-01-26JGB (20-Year) No. 843.1051.996
2005-12-13JGB (20-Year) No. 833.0222.119
2005-11-22JGB (20-Year) No. 822.1862.049
2005-10-25JGB (20-Year) No. 822.4972.077
2005-09-22JGB (20-Year) No. 812.37192.004