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auctions / 20Y / 2022-02-17

Official Result (MOF)

Auction Date2022-02-17
Issue Date2022-02-18
IssueJGB (20-Year) No. 179(reopen)
Coupon (%)0.5%
Maturity2041-12-20
Methodprice conventional
Offering¥1.2T
Competitive Bids¥3.3T
Accepted Amount¥971B
Lowest Accepted Price95.85(0.739%)
Weighted Avg Price95.91(0.736%)
Allotment Ratio
Non-competitive I¥228.3B
Non-competitive II¥75.4B

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179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47条第1項及び第62条第1項
Coupon dates毎年6月20日及び12月20日
Planned amount¥1.2T
Bid deadline2022-02-17 11:50
Payment date2022-02-18
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.393.183.392.693.78+0.01
Tail (sen)667211-0.23
Non-competitive take-up23.8%23.2%
GradeC (score +0.12)(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)0.30.4

Same-tenor Auction History

3.003.502021-022021-062021-102022-02
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2022-02-17JGB (20-Year) No. 1793.3960.736
2022-01-14JGB (20-Year) No. 1793.1860.532
2021-12-16JGB (20-Year) No. 1783.6660.452
2021-11-18JGB (20-Year) No. 1783.7840.464
2021-10-19JGB (20-Year) No. 1782.6960.471
2021-09-16JGB (20-Year) No. 1773.2070.412
2021-08-26JGB (20-Year) No. 1773.6540.405
2021-07-13JGB (20-Year) No. 1773.5270.404
2021-06-24JGB (20-Year) No. 1763.6260.433
2021-05-21JGB (20-Year) No. 1763.48100.445
2021-04-20JGB (20-Year) No. 1763.3420.438
2021-03-11JGB (20-Year) No. 1753.40100.513
2021-02-18JGB (20-Year) No. 1753.13110.482