Official Result (MOF)
| Auction Date | 1996-02-06 |
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| Issue Date | 1996-02-20 |
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| Issue | JGB (6-Year) No. 12（reopen） |
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| Coupon (%) | 1.9% |
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| Maturity | 2001-10-22 |
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| Method | price conventional |
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| Offering | ¥600B |
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| Competitive Bids | ¥689.2B |
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| Accepted Amount | ¥599.7B |
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| Lowest Accepted Price | 97.50（2.400%） |
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| Weighted Avg Price | 98.17（2.263%） |
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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 | 1.15 | 3.08 | 3.10 | 1.47 | 4.37 | -2.41 |
| Tail (sen) | 67 | 13 | 10 | 2 | 38 | +5.90 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | E (score -4.15) | (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) | 13.7 | 2.3 |
Same-tenor Auction History