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auctions / 40Y / 2017-01-24

Official Result (MOF)

Auction Date2017-01-24
Issue Date2017-01-26
IssueJGB (40-Year) No. 9(reopen)
Coupon (%)0.4%
Maturity2056-03-20
Methodyield Dutch
Offering¥500B
Competitive Bids¥1.5T
Accepted Amount¥499.5B
Lowest Accepted Price84.59(0.865%)
Weighted Avg Price
Allotment Ratio
Non-competitive I
Non-competitive II¥10.4B

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、第47条第1項及び第62条第1項
Coupon dates毎年3月20日及び9月20日
Planned amount¥500B
Bid deadline2017-01-24 12:00
Payment date2017-01-26
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/Cover2.992.982.852.303.40+0.47
Tail (sen)
Non-competitive take-up2.0%12.9%
GradeB (score +0.47)(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

2.503.002014-082015-062016-052017-01
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2017-01-24JGB (40-Year) No. 92.990.865
2016-11-25JGB (40-Year) No. 92.980.725
2016-09-27JGB (40-Year) No. 92.730.560
2016-07-26JGB (40-Year) No. 92.890.345
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