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auctions / 2Y / 2012-09-27

Official Result (MOF)

Auction Date2012-09-27
Issue Date2012-10-15
IssueJGB (2-Year) No. 321(new)
Coupon (%)0.1%
Maturity2014-10-15
Methodprice conventional
Offering¥2.7T
Competitive Bids¥28.9T
Accepted Amount¥2.5T
Lowest Accepted Price100.00(0.100%)
Weighted Avg Price100.00(0.100%)
Allotment Ratio
Non-competitive I¥162.1B
Non-competitive II¥45.3B

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321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、第47条及び第62条第1項
Coupon dates毎年4月15日及び10月15日
Planned amount¥2.7T
Bid deadline2012-09-27 12:00
Payment date2012-10-15
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover11.3912.626.623.2912.62+1.55
Tail (sen)00001-1.23
Non-competitive take-up7.6%8.2%
GradeA (score +1.39)(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

5.0010.002011-092012-012012-052012-09
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2012-09-27JGB (2-Year) No. 32111.3900.100
2012-08-30JGB (2-Year) No. 32012.6200.098
2012-07-31JGB (2-Year) No. 31911.8400.096
2012-06-26JGB (2-Year) No. 3188.2200.100
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