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auctions / 20Y / 2023-02-21

Official Result (MOF)

Auction Date2023-02-21
Issue Date2023-02-22
IssueJGB (20-Year) No. 183(reopen)
Coupon (%)1.4%
Maturity2042-12-20
Methodprice conventional
Offering¥1.2T
Competitive Bids¥3T
Accepted Amount¥982.9B
Lowest Accepted Price101.35(1.314%)
Weighted Avg Price101.48(1.306%)
Allotment Ratio
Non-competitive I¥216.2B
Non-competitive II¥52.1B

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183回)
Legal basis財政法(昭和22年法律第34号)第4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6月20日及び12月20日
Planned amount¥1.2T
Bid deadline2023-02-21 11:50
Payment date2023-02-22
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.053.363.212.513.77-0.50
Tail (sen)13218284-0.24
Non-competitive take-up21.4%25.3%
GradeC (score -0.13)(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)0.80.1

Same-tenor Auction History

2.503.003.502022-022022-062022-102023-02
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2023-02-21JGB (20-Year) No. 1833.05131.306
2023-01-19JGB (20-Year) No. 1833.3621.341
2022-12-15JGB (20-Year) No. 1822.90231.088
2022-11-17JGB (20-Year) No. 1823.03161.029
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