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auctions / 5Y / 2014-05-15

Official Result (MOF)

Auction Date2014-05-15
Issue Date2014-05-19
IssueJGB (5-Year) No. 117(reopen)
Coupon (%)0.2%
Maturity2019-03-20
Methodprice conventional
Offering¥2.7T
Competitive Bids¥11.4T
Accepted Amount¥2.5T
Lowest Accepted Price100.07(0.185%)
Weighted Avg Price100.07(0.185%)
Allotment Ratio
Non-competitive I¥231.9B
Non-competitive II¥403.7B

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(5年)(第117回)
Legal basis財政法(昭和22年法律第34号)第4条第1項及び財政運営に必要な財源の確保を図るための公債の発行の特例に関する法律(平成24年法律第101号)第2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
Coupon dates毎年3月20日及び9月20日
Planned amount¥2.7T
Bid deadline2014-05-15 12:00
Payment date2014-05-19
Non-competitive IIheld
Price terms

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover4.624.674.283.305.51+0.52
Tail (sen)01102-1.43
Non-competitive take-up20.5%20.3%
GradeB (score +0.98)(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)0.00.2

Same-tenor Auction History

4.005.002013-052013-092014-012014-05
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2014-05-15JGB (5-Year) No. 1174.6200.185
2014-04-15JGB (5-Year) No. 1174.6710.189
2014-03-14JGB (5-Year) No. 1173.8100.204
2014-02-14JGB (5-Year) No. 1164.0710.185
2014-01-21JGB (5-Year) No. 1163.7210.206
2013-12-12JGB (5-Year) No. 1164.4300.197
2013-11-14JGB (5-Year) No. 1155.0310.193
2013-10-16JGB (5-Year) No. 1154.8310.230
2013-09-12JGB (5-Year) No. 1143.3010.263
2013-08-13JGB (5-Year) No. 1135.5100.285
2013-07-17JGB (5-Year) No. 1134.2810.295
2013-06-14JGB (5-Year) No. 1124.3620.361
2013-05-16JGB (5-Year) No. 1113.3920.404