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auctions / 2Y / 2003-12-25

Official Result (MOF)

Auction Date2003-12-25
Issue Date2004-01-20
IssueJGB (2-Year) No. 216(new)
Coupon (%)0.1%
Maturity2006-01-20
Methodprice conventional
Offering¥1.7T
Competitive Bids¥21.9T
Accepted Amount¥1.7T
Lowest Accepted Price99.92(0.140%)
Weighted Avg Price99.93(0.135%)
Allotment Ratio
Non-competitive I
Non-competitive II

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(2年)(第216回)
Legal basis平成15年度における公債の発行の特例に関する法律( 平成15年法律第18号)第2条第1項及び財政融資資金特別会計法(昭和26年法律第101号)第11条第1項並びに国債整理基金特別会計法(明治39年法律第6号)第5条第1項及び第5条ノ2
Coupon dates毎年1月20日及び7月20日
Planned amount
Bid deadline
Payment date
Non-competitive II
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover12.972.6620.932.66114.70-0.26
Tail (sen)11002+1.07
Non-competitive take-up0.0%0.0%
GradeD (score -0.67)(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)0.50.5

Same-tenor Auction History

0.0050.00100.002002-122003-042003-082003-12
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2003-12-25JGB (2-Year) No. 21612.9710.135
2003-11-27JGB (2-Year) No. 2152.6610.160
2003-10-30JGB (2-Year) No. 2143.3100.140
2003-09-25JGB (2-Year) No. 2132.6820.140
2003-08-28JGB (2-Year) No. 2129.1710.184
2003-07-31JGB (2-Year) No. 21126.5400.074
2003-06-26JGB (2-Year) No. 21027.4600.059
2003-05-29JGB (2-Year) No. 209114.7000.039
2003-04-24JGB (2-Year) No. 20838.2200.054
2003-03-25JGB (2-Year) No. 2074.9000.059
2003-02-27JGB (2-Year) No. 2063.2600.049
2003-01-30JGB (2-Year) No. 20512.8500.039
2002-12-26JGB (2-Year) No. 2045.4200.049