Official Result (MOF)
| Auction Date | 2008-11-20 |
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| Issue Date | 2008-11-26 |
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| Issue | JGB (20-Year) No. 105（reopen） |
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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 | ¥900B |
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| Competitive Bids | ¥2.6T |
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| Accepted Amount | ¥824.6B |
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| Lowest Accepted Price | 99.35（2.146%） |
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| Weighted Avg Price | 99.47（2.138%） |
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| Allotment Ratio | — |
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| Non-competitive I | ¥74.1B |
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| Non-competitive II | ¥65.9B |
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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 | 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 | ¥900B |
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| Bid deadline | 2008-11-20 12:00 |
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| Payment date | 2008-11-26 |
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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 | 3.10 | 3.52 | 3.56 | 2.36 | 4.29 | -0.77 |
| Tail (sen) | 12 | 8 | 13 | 3 | 55 | -0.05 |
| Non-competitive take-up | 14.5% | 15.7% | |
| Grade | D (score -0.36) | (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) | 0.8 | 0.5 |
Same-tenor Auction History