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auctions / 40Y / 2023-07-25

Official Result (MOF)

Auction Date2023-07-25
Issue Date2023-07-26
IssueJGB (40-Year) No. 16(reopen)
Coupon (%)1.3%
Maturity2063-03-20
Methodyield Dutch
Offering¥700B
Competitive Bids¥1.8T
Accepted Amount¥699.9B
Lowest Accepted Price95.05(1.465%)
Weighted Avg Price—
Allotment Ratio—
Non-competitive I—
Non-competitive II¥60.5B

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16回)
Legal basis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¥700B
Bid deadline2023-07-25 11:50
Payment date2023-07-26
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/Cover2.542.382.492.192.72+0.34
Tail (sen)——————
Non-competitive take-up8.0%0.0%
GradeB (score +0.34)(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

2.202.402.602021-072022-032022-112023-07
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
2023-07-25JGB (40-Year) No. 162.54—1.465
2023-05-25JGB (40-Year) No. 162.38—1.385
2023-03-28JGB (40-Year) No. 152.69—1.465
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