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auctions / 2Y / 2011-09-27

Official Result (MOF)

Auction Date2011-09-27
Issue Date2011-10-17
IssueJGB (2-Year) No. 309(new)
Coupon (%)0.1%
Maturity2013-10-15
Methodprice conventional
Offering¥2.6T
Competitive Bids¥8T
Accepted Amount¥2.4T
Lowest Accepted Price99.93(0.135%)
Weighted Avg Price99.93(0.133%)
Allotment Ratio
Non-competitive I¥166.3B
Non-competitive II¥248.6B

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309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23年度における公債の発行の特例に関する法律(平成23年法律第106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62条第1項
Coupon dates毎年4月15日及び10月15日
Planned amount¥2.6T
Bid deadline2011-09-27 12:00
Payment date2011-10-17
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.293.624.543.195.75-1.45
Tail (sen)01001-0.21
Non-competitive take-up14.6%6.8%
GradeD (score -0.62)(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)0.20.4

Same-tenor Auction History

4.005.002010-092011-012011-052011-09
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2011-09-27JGB (2-Year) No. 3093.2900.133
2011-08-30JGB (2-Year) No. 3083.6210.136
2011-07-28JGB (2-Year) No. 3074.7210.159
2011-06-23JGB (2-Year) No. 3063.9410.152
2011-05-30JGB (2-Year) No. 3055.3100.173
2011-04-26JGB (2-Year) No. 3045.1300.208
2011-03-24JGB (2-Year) No. 3034.7700.230
2011-02-24JGB (2-Year) No. 3023.7010.241
2011-01-27JGB (2-Year) No. 3015.3300.196
2010-12-22JGB (2-Year) No. 3003.5010.229
2010-11-25JGB (2-Year) No. 2993.1900.171
2010-10-27JGB (2-Year) No. 2985.5400.139
2010-09-28JGB (2-Year) No. 2975.7500.140