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auctions / 2Y / 2012-05-29

Official Result (MOF)

Auction Date2012-05-29
Issue Date2012-06-15
IssueJGB (2-Year) No. 317(new)
Coupon (%)0.1%
Maturity2014-06-15
Methodprice conventional
Offering¥2.7T
Competitive Bids¥24.3T
Accepted Amount¥2.5T
Lowest Accepted Price100.00(0.100%)
Weighted Avg Price100.00(0.100%)
Allotment Ratio
Non-competitive I¥219.3B
Non-competitive II¥151.1B

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317回)
Legal basis財政法(昭和22年法律第34号)第4条第1項、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項及び東日本大震災からの復興のための施策を実施するために必要な財源の確保に関する特別措置法(平成23年法律第117号)第69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6月15日及び12月15日
Planned amount¥2.7T
Bid deadline2012-05-29 12:00
Payment date2012-06-15
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover9.795.674.553.295.67+6.41
Tail (sen)01001-1.64
Non-competitive take-up13.0%14.2%
GradeA (score +4.02)(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)0.00.2

Same-tenor Auction History

5.007.5010.002011-052011-092012-012012-05
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2012-05-29JGB (2-Year) No. 3179.7900.100
2012-04-26JGB (2-Year) No. 3165.6710.110
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