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auctions / 40Y / 2009-11-10

Official Result (MOF)

Auction Date2009-11-10
Issue Date2009-11-13
IssueJGB (40-Year) No. 2(reopen)
Coupon (%)2.2%
Maturity2049-03-20
Methodyield Dutch
Offering¥300B
Competitive Bids¥1T
Accepted Amount¥299.8B
Lowest Accepted Price96.66(2.330%)
Weighted Avg Price
Allotment Ratio
Non-competitive I
Non-competitive II¥33.8B

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(40年)(第2回)
Legal basis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¥300B
Bid deadline2009-11-10 12:00
Payment date2009-11-13
Non-competitive IIheld
Price terms募入最高利回りを基礎として決定

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.452.853.872.785.02-0.51
Tail (sen)
Non-competitive take-up10.1%11.9%
GradeD (score -0.51)(z(B/C) − z(tail))/2 bucketed A(≥1)/B(≥0.3)/C/D(≤−0.3)/E(≤−1), vs last 12 same-tenor

Same-tenor Auction History

3.004.005.002007-112008-112009-052009-11
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2009-11-10JGB (40-Year) No. 23.452.330
2009-07-07JGB (40-Year) No. 22.852.255
2009-05-14JGB (40-Year) No. 23.852.220
2009-02-17JGB (40-Year) No. 14.192.040
2008-11-07JGB (40-Year) No. 12.782.445
2008-05-13JGB (40-Year) No. 14.552.570
2007-11-06JGB (40-Year) No. 15.022.435