Japan MoF sets coupon on 20-year bonds at 2.2 pct |
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Thu, 25 Oct 2007 03:18 |
TOKYO (Thomson Financial) - Japan's Ministry of Finance said it has set a coupon of 2.2 percent on 800 billion yen worth of 20-year government bonds it will auction Thursday, the same coupon given at the previous auction last month.Designated as the No 97 issue, the bonds will be issued on Tuesday next week and will mature on Sept 20, 2027, the ministry said.The results of the auction will be announced at 12.45 pm (0345 GMT).At the previous auction of 20-year debt on Sept 20, the lowest accepted price was 100.45 yen, giving a yield of 2.167 percent, with a bid-to-cover ratio of 3.75 to one.(1 US dollar = 114.02 yen)yumiko.nishitani@thomson.comyun/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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