Japan’s Ministry of Finance accepted nearly ¥3 trillion in Treasury discount bills on Nov. 9, completing a planned sale of short-term government debt due to mature in May 2027.
The Finance Ministry’s Nov. 2 auction notice set the planned offering at about ¥3 trillion. EconoTimes previously covered the planned sale.
The auction result showed ¥2,319.58 billion in competitive bids accepted from ¥8,433.20 billion submitted. It also listed ¥680.40 billion under non-price-competitive Auction I for JGB Market Special Participants, bringing the two amounts to ¥2,999.98 billion.
The lowest accepted price was ¥99.310 per ¥100, equivalent to a yield of 1.4011%. The weighted-average price was ¥99.318, with a yield of 1.3847%; the allotment rate for bids at the lowest accepted price was 40.2950%.
The bills are scheduled for issuance Nov. 10 and mature May 10, 2027.