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auctions / 20Y / 2022-10-18

Official Result (MOF)

Auction Date2022-10-18
Issue Date2022-10-19
IssueJGB (20-Year) No. 182(new)
Coupon (%)1.1%
Maturity2042-09-20
Methodprice conventional
Offering¥1.2T
Competitive Bids¥3.2T
Accepted Amount¥972.7B
Lowest Accepted Price99.45(1.133%)
Weighted Avg Price99.62(1.123%)
Allotment Ratio
Non-competitive I¥226.5B
Non-competitive II¥75.1B

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182回)
Legal basis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項及び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
Coupon dates毎年3月20日及び9月20日
Planned amount¥1.2T
Bid deadline2022-10-18 11:50
Payment date2022-10-19
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.262.513.272.513.78-0.03
Tail (sen)178415484+0.08
Non-competitive take-up23.7%17.9%
GradeC (score -0.06)(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)1.05.1

Same-tenor Auction History

2.503.003.502021-102022-022022-062022-10
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2022-10-18JGB (20-Year) No. 1823.26171.123
2022-09-15JGB (20-Year) No. 1812.51840.894
2022-08-18JGB (20-Year) No. 1813.2850.752
2022-07-14JGB (20-Year) No. 1813.63100.902
2022-06-23JGB (20-Year) No. 1803.38130.905
2022-05-20JGB (20-Year) No. 1803.7740.757
2022-04-14JGB (20-Year) No. 1803.10310.724
2022-03-10JGB (20-Year) No. 1792.9370.644
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