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auctions / 2Y / 2012-03-29

Official Result (MOF)

Auction Date2012-03-29
Issue Date2012-04-16
IssueJGB (2-Year) No. 315(new)
Coupon (%)0.1%
Maturity2014-04-15
Methodprice conventional
Offering¥2.7T
Competitive Bids¥14.1T
Accepted Amount¥2.5T
Lowest Accepted Price99.97(0.117%)
Weighted Avg Price99.97(0.117%)
Allotment Ratio
Non-competitive I¥189.1B
Non-competitive II¥117.2B

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315回)
Legal basis財政法(昭和22年法律第34号)第4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62条第1項
Coupon dates毎年4月15日及び10月15日
Planned amount¥2.7T
Bid deadline2012-03-29 12:00
Payment date2012-04-16
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover5.625.144.433.295.35+1.69
Tail (sen)00001-1.36
Non-competitive take-up10.9%7.2%
GradeA (score +1.53)(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)0.00.1

Same-tenor Auction History

4.005.002011-032011-072011-112012-03
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2012-03-29JGB (2-Year) No. 3155.6200.117
2012-02-28JGB (2-Year) No. 3145.1400.111
2012-01-31JGB (2-Year) No. 3135.3500.128
2011-12-22JGB (2-Year) No. 3124.2210.134
2011-11-29JGB (2-Year) No. 3113.6000.146
2011-10-26JGB (2-Year) No. 3104.0700.149
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