Official Result (MOF)
| Auction Date | 1996-12-03 |
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| Issue Date | 1996-12-20 |
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| Issue | JGB (4-Year) No. 43（new） |
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| Coupon (%) | 1.2% |
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| Maturity | 2000-12-20 |
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| Method | price conventional |
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| Offering | ¥500B |
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| Competitive Bids | ¥1.4T |
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| Accepted Amount | ¥498.5B |
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| Lowest Accepted Price | 99.76（1.262%） |
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| Weighted Avg Price | 99.81（1.249%） |
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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 | 2.84 | 3.04 | 2.81 | 1.93 | 3.54 | +0.06 |
| Tail (sen) | 5 | 3 | 6 | 3 | 13 | -0.32 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | C (score +0.19) | (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) | 1.3 | 0.8 |
Same-tenor Auction History