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auctions / 2Y / 2012-12-26

Official Result (MOF)

Auction Date2012-12-26
Issue Date2013-01-15
IssueJGB (2-Year) No. 324(new)
Coupon (%)0.1%
Maturity2015-01-15
Methodprice conventional
Offering¥2.7T
Competitive Bids¥24.1T
Accepted Amount¥2.5T
Lowest Accepted Price100.01(0.094%)
Weighted Avg Price100.01(0.094%)
Allotment Ratio
Non-competitive I¥216.4B
Non-competitive II¥44.8B

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324回)
Legal basis財政運営に必要な財源の確保を図るための公債の発行の特例に関する法律(平成24年法律第101号)第2条第1項
Coupon dates毎年1月15日及び7月15日
Planned amount¥2.7T
Bid deadline2012-12-26 12:00
Payment date2013-01-15
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover9.7313.879.064.2214.94+0.18
Tail (sen)00001-0.59
Non-competitive take-up9.5%10.0%
GradeB (score +0.39)(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)0.00.1

Same-tenor Auction History

5.0010.0015.002011-122012-042012-082012-12
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2012-12-26JGB (2-Year) No. 3249.7300.094
2012-11-27JGB (2-Year) No. 32313.8700.096
2012-10-25JGB (2-Year) No. 32214.9400.098
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