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auctions / 40Y / 2012-08-07

Official Result (MOF)

Auction Date2012-08-07
Issue Date2012-08-09
IssueJGB (40-Year) No. 5(reopen)
Coupon (%)2%
Maturity2052-03-20
Methodyield Dutch
Offering¥400B
Competitive Bids¥1.4T
Accepted Amount¥399.4B
Lowest Accepted Price99.05(2.035%)
Weighted Avg Price
Allotment Ratio
Non-competitive I
Non-competitive II¥0M

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5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¥400B
Bid deadline2012-08-07 12:00
Payment date2012-08-09
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/Cover3.483.993.272.034.15+0.30
Tail (sen)
Non-competitive take-up0.0%11.8%
GradeC (score +0.30)(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

2.003.004.002009-072010-082011-082012-08
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2012-08-07JGB (40-Year) No. 53.482.035
2012-05-15JGB (40-Year) No. 53.992.040
2012-02-09JGB (40-Year) No. 43.612.140
2011-11-10JGB (40-Year) No. 43.922.170
2011-08-09JGB (40-Year) No. 42.032.320
2011-05-17JGB (40-Year) No. 43.132.225
2011-02-08JGB (40-Year) No. 32.062.240
2010-11-09JGB (40-Year) No. 34.152.055
2010-08-05JGB (40-Year) No. 33.751.825
2010-05-13JGB (40-Year) No. 32.562.210
2010-01-14JGB (40-Year) No. 23.782.330
2009-11-10JGB (40-Year) No. 23.452.330
2009-07-07JGB (40-Year) No. 22.852.255