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auctions / 30Y / 2008-04-15

Official Result (MOF)

Auction Date2008-04-15
Issue Date2008-04-18
IssueJGB (30-Year) No. 28(new)
Coupon (%)2.5%
Maturity2038-03-20
Methodprice conventional
Offering¥600B
Competitive Bids¥2.1T
Accepted Amount¥549.1B
Lowest Accepted Price100.75(2.456%)
Weighted Avg Price100.86(2.450%)
Allotment Ratio
Non-competitive I¥51.8B
Non-competitive II¥57.2B

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(30年)(第28回)
Legal basis財政法(昭和22年法律第34号)第4条第1項
Coupon dates毎年3月20日及び9月20日
Planned amount¥600B
Bid deadline2008-04-15 12:00
Payment date2008-04-18
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.923.823.312.484.26+1.00
Tail (sen)1179420
Non-competitive take-up16.6%9.1%
GradeA (score +1.00)(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)0.60.3

Same-tenor Auction History

3.004.002005-042006-042007-042008-04
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2008-04-15JGB (30-Year) No. 283.92112.450
2008-01-18JGB (30-Year) No. 273.8272.303
2007-10-16JGB (30-Year) No. 273.7742.488
2007-07-18JGB (30-Year) No. 263.20202.578
2007-04-17JGB (30-Year) No. 264.2662.351
2007-01-18JGB (30-Year) No. 253.302.380
2006-10-17JGB (30-Year) No. 242.972.515
2006-07-13JGB (30-Year) No. 232.482.560
2006-04-18JGB (30-Year) No. 222.562.590
2006-01-19JGB (30-Year) No. 213.662.330
2005-10-18JGB (30-Year) No. 202.612.515
2005-07-14JGB (30-Year) No. 192.862.355
2005-04-14JGB (30-Year) No. 184.212.345