Official Result (MOF)
| Auction Date | 2009-02-26 |
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| Issue Date | 2009-03-16 |
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| Issue | JGB (2-Year) No. 278（new） |
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| Coupon (%) | 0.4% |
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| Maturity | 2011-03-15 |
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| Method | price conventional |
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| Offering | ¥2T |
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| Competitive Bids | ¥5.4T |
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| Accepted Amount | ¥1.8T |
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| Lowest Accepted Price | 99.98（0.407%） |
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| Weighted Avg Price | 99.99（0.406%） |
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| Allotment Ratio | — |
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| Non-competitive I | ¥154.4B |
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| Non-competitive II | ¥234.6B |
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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（2年）（第278回） |
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| Legal basis | 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項及び第47条 |
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| Coupon dates | 毎年3月15日及び9月15日 |
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| Planned amount | ¥2T |
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| Bid deadline | 2009-02-26 12:00 |
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| Payment date | 2009-03-16 |
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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 | 2.95 | 3.34 | 3.08 | 2.40 | 3.85 | -0.31 |
| Tail (sen) | 0 | 0 | 1 | 0 | 2 | -1.28 |
| Non-competitive take-up | 17.5% | 18.2% | |
| Grade | B (score +0.49) | (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) | 0.1 | 0.2 |
Same-tenor Auction History