Official Result (MOF)
| Auction Date | 1997-07-29 |
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| Issue Date | 1997-08-20 |
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| Issue | JGB (4-Year) No. 46（new） |
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| Coupon (%) | 1.4% |
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| Maturity | 2001-08-20 |
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| Method | price conventional |
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| Offering | ¥400B |
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| Competitive Bids | ¥1.3T |
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| Accepted Amount | ¥399.3B |
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| Lowest Accepted Price | 100.04（1.389%） |
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| Weighted Avg Price | 100.07（1.380%） |
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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 | 3.22 | 1.91 | 2.47 | 1.82 | 3.36 | +1.44 |
| Tail (sen) | 3 | 14 | 8 | 3 | 14 | -1.20 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | A (score +1.32) | (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) | 0.9 | 3.9 |
Same-tenor Auction History