Japan’s Ministry of Finance accepted ¥249.8 billion in bids in its five-year climate-transition bond auction on Nov. 2, with competitive offers reaching ¥959.9 billion against a planned offering of about ¥250 billion.
The accepted amount was close to the ministry’s planned offering. The bonds carry a 2.2% coupon and mature Sept. 20, 2031.
The highest accepted yield was 2.200%, at a price of ¥100 per ¥100 face value. Bids submitted at that yield had an allotment rate of 35.2066%.