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auctions / 20Y / 2012-02-23

Official Result (MOF)

Auction Date2012-02-23
Issue Date2012-02-28
IssueJGB (20-Year) No. 133(reopen)
Coupon (%)1.8%
Maturity2031-12-20
Methodprice conventional
Offering¥1.1T
Competitive Bids¥2.8T
Accepted Amount¥1T
Lowest Accepted Price100.60(1.759%)
Weighted Avg Price100.65(1.755%)
Allotment Ratio
Non-competitive I¥96.6B
Non-competitive II¥0M

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133回)
Legal basis財政法(昭和22年法律第34号)第4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、第47条及び第62条第1項
Coupon dates毎年6月20日及び12月20日
Planned amount¥1.1T
Bid deadline2012-02-23 12:00
Payment date2012-02-28
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.793.163.142.454.13-0.69
Tail (sen)5212227-1.03
Non-competitive take-up8.8%8.8%
GradeC (score +0.17)(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)0.40.1

Same-tenor Auction History

3.004.002011-022011-062011-102012-02
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2012-02-23JGB (20-Year) No. 1332.7951.755
2012-01-26JGB (20-Year) No. 1333.1621.744
2011-12-15JGB (20-Year) No. 1322.90271.749
2011-11-22JGB (20-Year) No. 1312.48101.703
2011-10-20JGB (20-Year) No. 1303.5761.755
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