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auctions / 20Y / 2017-09-14

Official Result (MOF)

Auction Date2017-09-14
Issue Date2017-09-20
IssueJGB (20-Year) No. 162(new)
Coupon (%)0.6%
Maturity2037-09-20
Methodprice conventional
Offering¥1T
Competitive Bids¥3.3T
Accepted Amount¥803.9B
Lowest Accepted Price100.65(0.563%)
Weighted Avg Price100.71(0.560%)
Allotment Ratio
Non-competitive I¥195B
Non-competitive II¥77B

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162回)
Legal basis財政法(昭和22年法律第34号)第4条第1項及び財政運営に必要な財源の確保を図るための公債の発行の特例に関する法律(平成24年法律第101号)第3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条第1項
Coupon dates毎年3月20日及び9月20日
Planned amount¥1T
Bid deadline2017-09-14 12:00
Payment date2017-09-20
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover4.154.513.773.174.51+0.98
Tail (sen)6311340-0.51
Non-competitive take-up25.3%23.6%
GradeB (score +0.75)(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)0.30.2

Same-tenor Auction History

3.504.004.502016-092017-012017-052017-09
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2017-09-14JGB (20-Year) No. 1624.1560.560
2017-08-22JGB (20-Year) No. 1614.5130.550
2017-07-13JGB (20-Year) No. 1614.1980.606
2017-06-13JGB (20-Year) No. 1613.9850.583
2017-05-18JGB (20-Year) No. 1603.8490.560
2017-04-20JGB (20-Year) No. 1604.0670.562
2017-03-14JGB (20-Year) No. 1603.78110.673
2017-02-23JGB (20-Year) No. 1594.0540.669
2017-01-17JGB (20-Year) No. 1593.5480.589
2016-12-15JGB (20-Year) No. 1593.35190.645
2016-11-17JGB (20-Year) No. 1583.17400.456
2016-10-25JGB (20-Year) No. 1583.4970.364
2016-09-13JGB (20-Year) No. 1583.33100.437