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auctions / 2Y / 2008-12-18

Official Result (MOF)

Auction Date2008-12-18
Issue Date2009-01-15
IssueJGB (2-Year) No. 276(new)
Coupon (%)0.5%
Maturity2011-01-15
Methodprice conventional
Offering¥1.8T
Competitive Bids¥4T
Accepted Amount¥1.7T
Lowest Accepted Price100.09(0.452%)
Weighted Avg Price100.11(0.446%)
Allotment Ratio
Non-competitive I¥133.9B
Non-competitive II¥0M

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276回)
Legal basis財政法(昭和22年法律第34号)第4条第1項及び平成20年度における公債の発行の特例に関する法律(平成20年法律第24号)第2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、第47条及び第62条第1項
Coupon dates毎年1月15日及び7月15日
Planned amount¥1.8T
Bid deadline2008-12-18 12:00
Payment date2009-01-15
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.402.803.042.373.85-1.53
Tail (sen)11102+0.23
Non-competitive take-up7.5%8.8%
GradeD (score -0.88)(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)0.60.3

Same-tenor Auction History

3.002007-122008-042008-082008-12
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2008-12-18JGB (2-Year) No. 2762.4010.446
2008-11-27JGB (2-Year) No. 2752.8010.594
2008-10-30JGB (2-Year) No. 2742.8310.582
2008-09-25JGB (2-Year) No. 2733.1810.814
2008-08-28JGB (2-Year) No. 2723.8510.732
2008-07-29JGB (2-Year) No. 2713.3000.796
2008-06-24JGB (2-Year) No. 2702.4710.868
2008-05-29JGB (2-Year) No. 2693.2120.900
2008-04-24JGB (2-Year) No. 2683.1010.712
2008-03-25JGB (2-Year) No. 2672.8220.567
2008-02-28JGB (2-Year) No. 2663.6510.596
2008-01-31JGB (2-Year) No. 2652.8910.541
2007-12-21JGB (2-Year) No. 2642.3710.698