Official Result (MOF)
| Auction Date | 1997-12-02 |
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| Issue Date | 1997-12-22 |
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| Issue | JGB (4-Year) No. 47（reopen） |
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| Coupon (%) | 1.1% |
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| Maturity | 2001-10-22 |
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| Method | price conventional |
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| Offering | ¥400B |
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| Competitive Bids | ¥990B |
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| Accepted Amount | ¥398.1B |
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| Lowest Accepted Price | 99.95（1.113%） |
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| Weighted Avg Price | 100.00（1.098%） |
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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 | 2.49 | 2.62 | 2.63 | 1.82 | 3.36 | -0.29 |
| Tail (sen) | 5 | 5 | 6 | 3 | 14 | -0.36 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | C (score +0.04) | (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) | 1.5 | 1.6 |
Same-tenor Auction History