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auctions / 40Y / 2018-01-12

Official Result (MOF)

Auction Date2018-01-12
Issue Date2018-01-16
IssueJGB (40-Year) No. 10(reopen)
Coupon (%)0.9%
Maturity2057-03-20
Methodyield Dutch
Offering¥500B
Competitive Bids¥1.8T
Accepted Amount¥499.6B
Lowest Accepted Price97.24(0.985%)
Weighted Avg Price—
Allotment Ratio—
Non-competitive I—
Non-competitive II¥72.5B

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(40年)(第10回)
Legal basis財政法(昭和22年法律第34号)第4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項及び第47条第1項
Coupon dates毎年3月20日及び9月20日
Planned amount¥500B
Bid deadline2018-01-12 12:00
Payment date2018-01-16
Non-competitive IIheld
Price terms募入最高利回りを基礎として決定

Derived Metrics

ThisPrevavg (12)minmaxz
Bid/Cover3.673.002.992.733.24+5.04
Tail (sen)——————
Non-competitive take-up12.7%6.5%
GradeA (score +5.04)(z(B/C) − z(tail))/2 bucketed A(≥1)/B(≥0.3)/C/D(≤−0.3)/E(≤−1), vs last 12 same-tenor

Same-tenor Auction History

3.003.502015-102016-092017-052018-01
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2018-01-12JGB (40-Year) No. 103.67—0.985
2017-11-28JGB (40-Year) No. 103.00—1.005
2017-09-26JGB (40-Year) No. 103.24—1.015
2017-07-25JGB (40-Year) No. 103.20—1.045
2017-05-25JGB (40-Year) No. 102.87—0.965
2017-03-22JGB (40-Year) No. 92.95—0.935
2017-01-24JGB (40-Year) No. 92.99—0.865
2016-11-25JGB (40-Year) No. 92.98—0.725
2016-09-27JGB (40-Year) No. 92.73—0.560
2016-07-26JGB (40-Year) No. 92.89—0.345
2016-05-26JGB (40-Year) No. 93.07—0.400
2016-02-23JGB (40-Year) No. 83.06—1.130
2015-10-27JGB (40-Year) No. 82.89—1.475