Japan’s Ministry of Finance (MOF) accepted ¥2.4996 trillion in bids at its five-year Japanese government bond auction Thursday, matching the planned sale size as competitive offers totaled ¥6.9646 trillion.
The ministry accepted ¥1.8972 trillion in competitive bids. It also accepted ¥602.4 billion in Non-price-competitive Auction I for JGB Market Special Participants, bringing the total to ¥2.4996 trillion.
The lowest accepted price was ¥100.04 per ¥100 of face value, equivalent to a 2.190% yield. The weighted average price was ¥100.06, with a 2.186% yield. Bids at the lowest accepted price received a 15.0907% allotment rate.
The offering was set at about ¥2.5 trillion in the auction plan previously covered by EconoTimes. The bonds carry a 2.2% coupon, are scheduled for issuance Nov. 13 and mature Sept. 20, 2031.
