Japan 5-year govt bond auction lowest accepted price 100.18 yen; yield 1.261 pct |
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Fri, 12 Oct 2007 04:53
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TOKYO (Thomson Financial) - The lowest accepted price at Friday's auction of 2.0 trillion yen worth of five-year Japanese government bonds was 100.18 yen, giving a yield of 1.261 percent, the Ministry of Finance said.Of the successful bids, 61.3964 percent were made at the lowest price, the ministry said. The average bid was 100.20 yen, giving a yield of 1.256 percent.The bonds carry a coupon of 1.3 percent, and will be issued on October 25, maturing on September 20, 2012, the ministry said.The ministry received 5.8859 trillion yen in competitive bids, of which it accepted 1.8077 trillion yen worth, giving a bid-to-cover ratio of 3.256 to one. This means the amount of competitive bids received was 3.256 times the amount of bonds offered for sale.At last month's auction of five-year debt, the lowest accepted price was 100.13 yen, giving a yield of 1.072 percent, with a bid-to-cover ratio of 3.13 to one.(1 US dollar = 117.25 yen)kaori.kaneko@thomson.comkk/jgkk/jgCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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