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auctions / 2Y / 2005-03-24

Official Result (MOF)

Auction Date2005-03-24
Issue Date2005-04-20
IssueJGB (2-Year) No. 231(new)
Coupon (%)0.1%
Maturity2007-04-20
Methodprice conventional
Offering¥1.7T
Competitive Bids¥126.8T
Accepted Amount¥1.7T
Lowest Accepted Price99.96(0.120%)
Weighted Avg Price99.96(0.120%)
Allotment Ratio
Non-competitive I
Non-competitive II¥12.5B

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231回)
Legal basis平成16年度における財政運営のための公債の発行の特例等に関する法律(平成16年法律第22号)第2条第1項及び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
Coupon dates毎年4月20日及び10月20日
Planned amount
Bid deadline
Payment date
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover75.247.3356.765.70159.87+0.38
Tail (sen)01002-0.65
Non-competitive take-up0.7%0.0%
GradeB (score +0.52)(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)0.00.5

Same-tenor Auction History

0.00100.002004-032004-072004-112005-03
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2005-03-24JGB (2-Year) No. 23175.2400.120
2005-02-24JGB (2-Year) No. 2307.3310.105
2005-01-27JGB (2-Year) No. 22967.3400.094
2004-12-22JGB (2-Year) No. 22880.2800.094
2004-11-25JGB (2-Year) No. 22712.4310.084
2004-10-28JGB (2-Year) No. 22696.1100.115
2004-09-28JGB (2-Year) No. 22541.2400.130
2004-08-26JGB (2-Year) No. 2245.7000.169
2004-07-29JGB (2-Year) No. 2236.0010.210
2004-06-29JGB (2-Year) No. 22215.8120.184
2004-05-27JGB (2-Year) No. 221159.8700.135
2004-04-28JGB (2-Year) No. 22072.0400.130
2004-03-25JGB (2-Year) No. 219116.9700.110