Official Result (MOF)
| Auction Date | 2019-10-24 |
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| Issue Date | 2019-10-25 |
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| Issue | JGB (20-Year) No. 170（new） |
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| Coupon (%) | 0.3% |
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| Maturity | 2039-09-20 |
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| Method | price conventional |
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| Offering | ¥900B |
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| Competitive Bids | ¥2.9T |
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| Accepted Amount | ¥735.2B |
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| Lowest Accepted Price | 100.95（0.249%） |
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| Weighted Avg Price | 101.04（0.245%） |
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| Allotment Ratio | — |
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| Non-competitive I | ¥164.1B |
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| Non-competitive II | ¥0M |
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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170回） |
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| Legal basis | 特別会計に関する法律（平成19年法律第23号）第47条第1項 |
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| Coupon dates | 毎年3月20日及び9月20日 |
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| Planned amount | ¥900B |
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| Bid deadline | 2019-10-24 11:50 |
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| Payment date | 2019-10-25 |
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| Non-competitive II | held |
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| Price terms | — |
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Derived Metrics calc auction-v1 / auction-v2
| This | Prev | avg (12) | min | max | z |
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| Bid/Cover | 3.91 | 3.48 | 4.37 | 3.44 | 5.47 | -0.75 |
| Tail (sen) | 9 | 9 | 5 | 1 | 9 | +1.78 |
| Non-competitive take-up | 18.2% | 22.3% | |
| Grade | E (score -1.27) | (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) | 0.4 | 0.5 |
Same-tenor Auction History