Official Result (MOF)
| Auction Date | 1996-02-27 |
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| Issue Date | 1996-03-21 |
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| Issue | JGB (4-Year) No. 39（new） |
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| Coupon (%) | 2.2% |
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| Maturity | 2000-03-20 |
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| Method | price conventional |
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| Offering | ¥500B |
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| Competitive Bids | ¥1.2T |
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| Accepted Amount | ¥499.6B |
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| Lowest Accepted Price | 99.47（2.344%） |
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| Weighted Avg Price | 99.53（2.326%） |
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| Allotment Ratio | — |
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| Non-competitive I | — |
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| Non-competitive II | — |
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Source: https://www.mof.go.jp/jgbs/reference/appendix/jgb_historical_data.xls
Derived Metrics calc auction-v1 / auction-v2
| This | Prev | avg (12) | min | max | z |
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| Bid/Cover | 2.44 | 2.50 | 2.59 | 1.41 | 3.57 | -0.20 |
| Tail (sen) | 6 | 10 | 9 | 3 | 21 | -0.50 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | C (score +0.15) | (z(B/C) − z(tail))/2 bucketed A(≥1)/B(≥0.3)/C/D(≤−0.3)/E(≤−1), vs last 12 same-tenor |
| Yield tail (bp) | 1.8 | 2.8 |
Same-tenor Auction History