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auctions / 40Y / 2025-03-27

Official Result (MOF)

Auction Date2025-03-27
Issue Date2025-03-28
IssueJGB (40-Year) No. 17(reopen)
Coupon (%)2.2%
Maturity2064-03-20
Methodyield Dutch
Offering¥700B
Competitive Bids¥2T
Accepted Amount¥699.8B
Lowest Accepted Price87.77(2.710%)
Weighted Avg Price
Allotment Ratio
Non-competitive I
Non-competitive II¥22B

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17回)
Legal basis財政法(昭和22年法律第34号)第4条第1項並びに特別会計に関する法律(平成19年法律第23号)第46条第1項及び第47条第1項
Coupon dates毎年3月20日及び9月20日
Planned amount¥700B
Bid deadline2025-03-27 11:50
Payment date2025-03-28
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/Cover2.922.752.452.152.95+1.89
Tail (sen)
Non-competitive take-up3.0%0.0%
GradeA (score +1.89)(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

2.502023-032023-112024-072025-03
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2025-03-27JGB (40-Year) No. 172.922.710
2025-01-21JGB (40-Year) No. 172.752.570
2024-11-27JGB (40-Year) No. 172.242.550
2024-09-26JGB (40-Year) No. 172.582.340
2024-07-24JGB (40-Year) No. 172.202.420
2024-05-22JGB (40-Year) No. 172.212.270
2024-03-27JGB (40-Year) No. 162.491.905
2024-01-25JGB (40-Year) No. 162.151.925
2023-11-28JGB (40-Year) No. 162.211.810
2023-09-26JGB (40-Year) No. 162.951.725
2023-07-25JGB (40-Year) No. 162.541.465
2023-05-25JGB (40-Year) No. 162.381.385
2023-03-28JGB (40-Year) No. 152.691.465