Official Result (MOF)
| Auction Date | 2023-07-13 |
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| Issue Date | 2023-07-14 |
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| Issue | JGB (20-Year) No. 185（new） |
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| Coupon (%) | 1.1% |
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| Maturity | 2043-06-20 |
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| Method | price conventional |
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| Offering | ¥1.2T |
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| Competitive Bids | ¥3.3T |
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| Accepted Amount | ¥971.2B |
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| Lowest Accepted Price | 100.45（1.072%） |
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| Weighted Avg Price | 100.49（1.070%） |
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| Allotment Ratio | — |
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| Non-competitive I | ¥228.2B |
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| Non-competitive II | ¥2B |
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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185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46条第1項及び第62条第1項 |
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| Coupon dates | 毎年6月20日及び12月20日 |
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| Planned amount | ¥1.2T |
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| Bid deadline | 2023-07-13 11:50 |
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| Payment date | 2023-07-14 |
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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 | 3.38 | 3.03 | 3.13 | 2.51 | 3.69 | +0.79 |
| Tail (sen) | 4 | 22 | 23 | 2 | 84 | -0.79 |
| Non-competitive take-up | 19.2% | 17.8% | |
| Grade | B (score +0.79) | (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 | 1.3 |
Same-tenor Auction History