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auctions / 20Y / 2010-07-22

Official Result (MOF)

Auction Date2010-07-22
Issue Date2010-07-27
IssueJGB (20-Year) No. 119(new)
Coupon (%)1.8%
Maturity2030-06-20
Methodprice conventional
Offering¥1.1T
Competitive Bids¥4.5T
Accepted Amount¥1T
Lowest Accepted Price99.75(1.817%)
Weighted Avg Price99.80(1.813%)
Allotment Ratio
Non-competitive I¥96.5B
Non-competitive II¥159.9B

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119回)
Legal basis平成22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22年法律第7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
Coupon dates毎年6月20日及び12月20日
Planned amount¥1.1T
Bid deadline2010-07-22 12:00
Payment date2010-07-27
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover4.464.603.322.354.60+1.96
Tail (sen)5810042-0.50
Non-competitive take-up20.4%19.9%
GradeA (score +1.23)(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)0.40.6

Same-tenor Auction History

3.004.002009-072009-112010-032010-07
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2010-07-22JGB (20-Year) No. 1194.4651.813
2010-06-16JGB (20-Year) No. 1184.6082.001
2010-05-20JGB (20-Year) No. 1173.9302.075
2010-04-22JGB (20-Year) No. 1174.0232.115
2010-03-16JGB (20-Year) No. 1163.4972.159
2010-02-23JGB (20-Year) No. 1152.9052.135
2010-01-21JGB (20-Year) No. 1143.0282.137
2009-12-15JGB (20-Year) No. 1142.35422.105
2009-11-19JGB (20-Year) No. 1133.1182.058
2009-10-20JGB (20-Year) No. 1133.02182.094
2009-09-15JGB (20-Year) No. 1133.03122.038
2009-08-25JGB (20-Year) No. 1123.4232.094
2009-07-22JGB (20-Year) No. 1122.9092.107