Official Result (MOF)
| Auction Date | 2008-09-18 |
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| Issue Date | 2008-09-24 |
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| Issue | JGB (20-Year) No. 105（new） |
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| Coupon (%) | 2.1% |
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| Maturity | 2028-09-20 |
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| Method | price conventional |
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| Offering | ¥800B |
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| Competitive Bids | ¥1.7T |
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| Accepted Amount | ¥741.1B |
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| Lowest Accepted Price | 98.10（2.237%） |
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| Weighted Avg Price | 98.65（2.197%） |
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| Allotment Ratio | — |
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| Non-competitive I | ¥58.2B |
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| Non-competitive II | ¥68.8B |
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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105回） |
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| Legal basis | 平成20年度における公債の発行の特例に関する法律（平成20年法律第24号）第2条第1項並びに特別会計に関する法律（平成19年法律第23号）第46条第1項及び第62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 | ¥800B |
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| Bid deadline | 2008-09-18 12:00 |
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| Payment date | 2008-09-24 |
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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 | 2.36 | 3.41 | 3.69 | 2.60 | 4.29 | -2.82 |
| Tail (sen) | 55 | 4 | 9 | 3 | 24 | +7.63 |
| Non-competitive take-up | 14.6% | 17.0% | |
| Grade | E (score -5.22) | (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) | 4.0 | 0.3 |
Same-tenor Auction History