Japanese govt fixes coupon on 600 bln yen worth of 30-year bonds at 2.5 percent |
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Tue, 16 Oct 2007 02:41
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TOKYO (Thomson Financial) - Japan's Ministry of Finance said it has set a coupon of 2.5 percent on 600 billion yen worth of 30-year government bonds it will auction Tuesday, up from the 2.4 percent coupon given at the previous auction in July.Designated as the No 27 issue, the bonds to be auctioned will be issued on Oct 22 and will mature on Sept 20, 2037.The results of the auction will be announced at 12.45 pm (0345 GMT).At the last auction of 30-year bonds, the lowest accepted price was 96.80 yen, giving a yield of 2.590 percent, with a bid-to-cover ratio of 3.2 to one.(1 US dollar = 117.24 yen)kaori.kaneko@thomson.comkk/msCOPYRIGHTCopyright 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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Japan 5-year govt bond auction lowest accepted price 100.18 yen; yield 1.261 pct 