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auctions / 30Y / 2008-07-17

Official Result (MOF)

Auction Date2008-07-17
Issue Date2008-07-23
IssueJGB (30-Year) No. 28(reopen)
Coupon (%)2.5%
Maturity2038-03-20
Methodprice conventional
Offering¥600B
Competitive Bids¥1.9T
Accepted Amount¥556B
Lowest Accepted Price100.85(2.450%)
Weighted Avg Price100.96(2.444%)
Allotment Ratio
Non-competitive I¥43.4B
Non-competitive II¥45B

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9月20日及び3月20日
Planned amount¥600B
Bid deadline2008-07-17 12:00
Payment date2008-07-23
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.463.923.282.484.26+0.31
Tail (sen)111110420+0.25
Non-competitive take-up13.7%16.6%
GradeC (score +0.03)(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)0.60.6

Same-tenor Auction History

3.004.002005-072006-072007-072008-07
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2008-07-17JGB (30-Year) No. 283.46112.444
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