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auctions / 40Y / 2015-04-23

Official Result (MOF)

Auction Date2015-04-23
Issue Date2015-04-27
IssueJGB (40-Year) No. 8(new)
Coupon (%)1.4%
Maturity2055-03-20
Methodyield Dutch
Offering¥400B
Competitive Bids¥1T
Accepted Amount¥399.7B
Lowest Accepted Price97.89(1.470%)
Weighted Avg Price
Allotment Ratio
Non-competitive I
Non-competitive II¥59B

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8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 deadline2015-04-23 12:00
Payment date2015-04-27
Non-competitive II
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover2.583.403.462.544.13-1.88
Tail (sen)
Non-competitive take-up12.9%12.8%
GradeE (score -1.88)(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

3.004.002012-052013-052014-052015-04
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2015-04-23JGB (40-Year) No. 82.581.470
2015-02-24JGB (40-Year) No. 73.401.550
2014-11-26JGB (40-Year) No. 73.181.585
2014-08-26JGB (40-Year) No. 72.541.760
2014-05-27JGB (40-Year) No. 73.731.790
2014-02-25JGB (40-Year) No. 63.691.725
2013-11-26JGB (40-Year) No. 64.131.760
2013-08-20JGB (40-Year) No. 63.371.920
2013-05-21JGB (40-Year) No. 62.641.955
2013-02-13JGB (40-Year) No. 53.512.120
2012-11-08JGB (40-Year) No. 53.822.115
2012-08-07JGB (40-Year) No. 53.482.035
2012-05-15JGB (40-Year) No. 53.992.040