Japan’s Ministry of Finance accepted ¥450.7 billion in competitive bids for 30-year Japanese government bonds, with offers totaling ¥1.5126 trillion for securities due in 2056, setting terms for the country’s latest long-term debt sale.
The ministry’s Nov. 10 auction results put the weighted-average price at ¥104.90 per ¥100 of face value, equivalent to a 3.847% yield. The lowest accepted price was ¥104.55, corresponding to a 3.871% yield. Bids at that price received a 15.1785% allotment.
The ministry also accepted ¥148.8 billion in the first non-price auction for JGB Market Special Participants. The bonds carry a 4.2% coupon and are scheduled for issuance Nov. 11. They mature Sept. 20, 2056.
The ministry’s earlier schedule set the offering at about ¥600 billion, as EconoTimes reported in its coverage of the planned 30-year bond sale.
