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auctions / 30Y / 2014-10-15

Official Result (MOF)

Auction Date2014-10-15
Issue Date2014-10-17
IssueJGB (30-Year) No. 44(reopen)
Coupon (%)1.7%
Maturity2044-09-20
Methodprice conventional
Offering¥700B
Competitive Bids¥1.7T
Accepted Amount¥639.7B
Lowest Accepted Price101.25(1.637%)
Weighted Avg Price101.34(1.633%)
Allotment Ratio
Non-competitive I¥59.1B
Non-competitive II¥95.8B

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(30年)(第44回)
Legal basis財政法(昭和22年法律第34号)第4条第1項及び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
Coupon dates毎年3月20日及び9月20日
Planned amount¥700B
Bid deadline2014-10-15 12:00
Payment date2014-10-17
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.593.573.752.934.62-2.08
Tail (sen)91612328-0.33
Non-competitive take-up19.5%8.2%
GradeD (score -0.87)(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)0.40.8

Same-tenor Auction History

3.004.002013-102014-022014-062014-10
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2014-10-15JGB (30-Year) No. 442.5991.633
2014-09-09JGB (30-Year) No. 443.57161.679
2014-08-12JGB (30-Year) No. 434.0671.676
2014-07-10JGB (30-Year) No. 433.12141.703
2014-06-05JGB (30-Year) No. 433.0071.714
2014-05-13JGB (30-Year) No. 424.6231.708
2014-04-11JGB (30-Year) No. 422.9371.696
2014-03-06JGB (30-Year) No. 424.28241.635
2014-02-06JGB (30-Year) No. 413.43281.587
2014-01-15JGB (30-Year) No. 413.34141.665
2013-12-10JGB (30-Year) No. 414.1571.704
2013-11-12JGB (30-Year) No. 404.4051.616
2013-10-10JGB (30-Year) No. 404.0761.630