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auctions / 20Y / 2011-09-13

Official Result (MOF)

Auction Date2011-09-13
Issue Date2011-09-20
IssueJGB (20-Year) No. 130(new)
Coupon (%)1.8%
Maturity2031-09-20
Methodprice conventional
Offering¥1.1T
Competitive Bids¥3.4T
Accepted Amount¥1T
Lowest Accepted Price100.65(1.756%)
Weighted Avg Price100.75(1.749%)
Allotment Ratio
Non-competitive I¥93.6B
Non-competitive II¥163.9B

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130回)
Legal basis平成23年度における公債の発行の特例に関する法律(平成23年法律第106号)第2条第1項
Coupon dates毎年3月20日及び9月20日
Planned amount¥1.1T
Bid deadline2011-09-13 12:00
Payment date2011-09-20
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.393.123.472.454.56-0.10
Tail (sen)10713226-0.40
Non-competitive take-up20.4%19.6%
GradeC (score +0.15)(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)0.70.5

Same-tenor Auction History

3.004.002010-092011-012011-052011-09
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2011-09-13JGB (20-Year) No. 1303.39101.749
2011-08-25JGB (20-Year) No. 1293.1271.857
2011-07-21JGB (20-Year) No. 1282.9881.856
2011-06-15JGB (20-Year) No. 1282.45201.920
2011-05-26JGB (20-Year) No. 1273.89101.910
2011-04-21JGB (20-Year) No. 1262.92102.028
2011-03-16JGB (20-Year) No. 1254.13222.130
2011-02-22JGB (20-Year) No. 1242.64142.050
2011-01-20JGB (20-Year) No. 1234.4622.045
2010-12-14JGB (20-Year) No. 1233.52122.073
2010-11-18JGB (20-Year) No. 1212.54261.902
2010-10-21JGB (20-Year) No. 1224.4141.770
2010-09-14JGB (20-Year) No. 1214.56201.955