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auctions / 40Y / 2023-01-26

Official Result (MOF)

Auction Date2023-01-26
Issue Date2023-01-27
IssueJGB (40-Year) No. 15(reopen)
Coupon (%)1%
Maturity2062-03-20
Methodyield Dutch
Offering¥700B
Competitive Bids¥1.8T
Accepted Amount¥699.8B
Lowest Accepted Price81.95(1.625%)
Weighted Avg Price—
Allotment Ratio—
Non-competitive I—
Non-competitive II¥54.5B

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15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¥700B
Bid deadline2023-01-26 11:50
Payment date2023-01-27
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/Cover2.552.352.562.192.86-0.01
Tail (sen)——————
Non-competitive take-up7.2%3.4%
GradeC (score -0.01)(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

2.252.502.752021-012021-092022-052023-01
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2023-01-26JGB (40-Year) No. 152.55—1.625
2022-11-25JGB (40-Year) No. 152.35—1.580
2022-09-27JGB (40-Year) No. 152.36—1.520
2022-07-26JGB (40-Year) No. 152.70—1.345
2022-05-26JGB (40-Year) No. 152.42—1.070
2022-03-29JGB (40-Year) No. 142.19—1.095
2022-01-25JGB (40-Year) No. 142.57—0.760
2021-11-25JGB (40-Year) No. 142.37—0.725
2021-09-28JGB (40-Year) No. 142.53—0.770
2021-07-27JGB (40-Year) No. 142.72—0.735
2021-05-27JGB (40-Year) No. 142.80—0.710
2021-03-25JGB (40-Year) No. 132.80—0.675
2021-01-26JGB (40-Year) No. 132.86—0.685