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auctions / 40Y / 2016-05-26

Official Result (MOF)

Auction Date2016-05-26
Issue Date2016-05-30
IssueJGB (40-Year) No. 9(new)
Coupon (%)0.4%
Maturity2056-03-20
Methodyield Dutch
Offering¥400B
Competitive Bids¥1.2T
Accepted Amount¥399.4B
Lowest Accepted Price100.00(0.400%)
Weighted Avg Price
Allotment Ratio
Non-competitive I
Non-competitive II¥52.2B

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9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 deadline2016-05-26 12:00
Payment date2016-05-30
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.073.063.122.304.13-0.10
Tail (sen)
Non-competitive take-up11.6%10.1%
GradeC (score -0.10)(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

3.004.002013-082014-082015-062016-05
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2016-05-26JGB (40-Year) No. 93.070.400
2016-02-23JGB (40-Year) No. 83.061.130
2015-10-27JGB (40-Year) No. 82.891.475
2015-08-25JGB (40-Year) No. 82.301.535
2015-06-18JGB (40-Year) No. 82.601.590
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