Official Result (MOF)
| Auction Date | 1997-10-28 |
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| Issue Date | 1997-11-20 |
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| Issue | JGB (6-Year) No. 23（new） |
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| Coupon (%) | 1.4% |
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| Maturity | 2003-11-20 |
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| Method | price conventional |
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| Offering | ¥400B |
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| Competitive Bids | ¥941.4B |
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| Accepted Amount | ¥399B |
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| Lowest Accepted Price | 100.38（1.331%） |
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| Weighted Avg Price | 100.43（1.321%） |
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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
Offering Terms (from MOF notice) documents →
| Official name | 利付国庫債券（６年）（第２３回） |
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| Legal basis | 国債整理基金特別会計法（明治３９年法律第６号）
及びその条項 第５条ノ２ |
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| Coupon dates | 毎年５月２０日及び１１月２０日 |
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| Planned amount | — |
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| Bid deadline | — |
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| Payment date | — |
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| Non-competitive II | — |
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| Price terms | 額面金額１００円につき１００円４６銭
（利回り１．３１７％） |
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Derived Metrics calc auction-v1 / auction-v2
| This | Prev | avg (12) | min | max | z |
|---|
| Bid/Cover | 2.36 | 3.26 | 2.94 | 1.15 | 3.76 | -0.81 |
| Tail (sen) | 5 | 2 | 11 | 1 | 67 | -0.34 |
| Non-competitive take-up | 0.0% | 0.0% | |
| Grade | C (score -0.24) | (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) | 1.0 | 0.4 |
Same-tenor Auction History