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auctions / 40Y / 2018-03-27

Official Result (MOF)

Auction Date2018-03-27
Issue Date2018-03-29
IssueJGB (40-Year) No. 10(reopen)
Coupon (%)0.9%
Maturity2057-03-20
Methodyield Dutch
Offering¥500B
Competitive Bids¥1.6T
Accepted Amount¥499.5B
Lowest Accepted Price100.49(0.885%)
Weighted Avg Price
Allotment Ratio
Non-competitive I
Non-competitive II¥66.6B

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10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47条第1項
Coupon dates毎年3月20日及び9月20日
Planned amount¥500B
Bid deadline2018-03-27 12:00
Payment date2018-03-29
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/Cover3.193.673.052.733.67+0.60
Tail (sen)
Non-competitive take-up11.8%12.7%
GradeB (score +0.60)(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

3.003.502016-022016-112017-072018-03
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2018-03-27JGB (40-Year) No. 103.190.885
2018-01-12JGB (40-Year) No. 103.670.985
2017-11-28JGB (40-Year) No. 103.001.005
2017-09-26JGB (40-Year) No. 103.241.015
2017-07-25JGB (40-Year) No. 103.201.045
2017-05-25JGB (40-Year) No. 102.870.965
2017-03-22JGB (40-Year) No. 92.950.935
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