Japan 5-year govt bond auction lowest accepted price 100.13 yen
Published September 11th, 2007
The lowest accepted price at Tuesday’s auction of 2.0 trillion yen worth of five-year Japanese government bonds was 100.13 yen, giving a yield of 1.072 percent, the Ministry of Finance said.
Of the successful bids, 17.918 percent were made at the lowest price, the ministry said. The average bid was 100.16 yen, giving a yield of 1.066 percent.
The bonds carry a coupon of 1.1 percent, and will be issued on September 25, maturing on September 20, 2012, the ministry said.
The ministry received 5.6455 trillion yen in competitive bids, of which it accepted 1.8033 trillion yen worth, giving a bid-to-cover ratio of 3.13 to one. This means the amount of competitive bids received was 3.13 times the amount of bonds offered for sale.
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