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auctions / 20Y / 2012-08-23

Official Result (MOF)

Auction Date2012-08-23
Issue Date2012-08-27
IssueJGB (20-Year) No. 139(new)
Coupon (%)1.6%
Maturity2032-06-20
Methodprice conventional
Offering¥1.2T
Competitive Bids¥2.6T
Accepted Amount¥1.1T
Lowest Accepted Price99.05(1.663%)
Weighted Avg Price99.29(1.647%)
Allotment Ratio
Non-competitive I¥105.6B
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139回)
Legal basis財政法(昭和22年法律第34号)第4条第1項及び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
Coupon dates毎年6月20日及び12月20日
Planned amount¥1.2T
Bid deadline2012-08-23 12:00
Payment date2012-08-27
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.383.323.132.483.73-2.00
Tail (sen)24510227+2.09
Non-competitive take-up8.8%20.4%
GradeE (score -2.04)(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)1.60.3

Same-tenor Auction History

2.503.003.502011-082011-122012-042012-08
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2012-08-23JGB (20-Year) No. 1392.38241.647
2012-07-26JGB (20-Year) No. 1383.3251.552
2012-06-14JGB (20-Year) No. 1372.50141.690
2012-05-24JGB (20-Year) No. 1363.73181.641
2012-04-24JGB (20-Year) No. 1353.3481.711
2012-03-15JGB (20-Year) No. 1343.26121.795
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