Official Result (MOF)
| Auction Date | 2019-11-20 |
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| Issue Date | 2019-11-21 |
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| Issue | JGB (20-Year) No. 170（reopen） |
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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 | ¥3.1T |
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| Accepted Amount | ¥731.6B |
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| Lowest Accepted Price | 100.60（0.268%） |
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| Weighted Avg Price | 100.63（0.266%） |
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| Allotment Ratio | — |
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| Non-competitive I | ¥167.3B |
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| Non-competitive II | ¥133.9B |
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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 | 2019-11-20 11:50 |
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| Payment date | 2019-11-21 |
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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 | 4.21 | 3.91 | 4.35 | 3.44 | 5.47 | -0.22 |
| Tail (sen) | 3 | 9 | 6 | 1 | 9 | -1.09 |
| Non-competitive take-up | 29.2% | 18.2% | |
| Grade | B (score +0.44) | (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) | 0.2 | 0.4 |
Same-tenor Auction History