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auctions / 20Y / 2012-09-13

Official Result (MOF)

Auction Date2012-09-13
Issue Date2012-09-20
IssueJGB (20-Year) No. 140(new)
Coupon (%)1.7%
Maturity2032-09-20
Methodprice conventional
Offering¥1.2T
Competitive Bids¥5T
Accepted Amount¥1.1T
Lowest Accepted Price100.35(1.676%)
Weighted Avg Price100.43(1.671%)
Allotment Ratio
Non-competitive I¥98.5B
Non-competitive II¥50.1B

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140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項及び第47条
Coupon dates毎年3月20日及び9月20日
Planned amount¥1.2T
Bid deadline2012-09-13 12:00
Payment date2012-09-20
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover4.542.383.072.383.73+3.41
Tail (sen)82412227-0.50
Non-competitive take-up11.9%8.8%
GradeA (score +1.95)(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)0.51.6

Same-tenor Auction History

3.004.002011-092012-012012-052012-09
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2012-09-13JGB (20-Year) No. 1404.5481.671
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