Japan 20-yr govt bond auction lowest accepted price 100.70 yen; yield 2.149 pct |
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Thu, 25 Oct 2007 06:37
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TOKYO (Thomson Financial) - The lowest accepted price at Thursday's auction of 800 billion yen worth of 20-year Japanese government bonds was 100.70 yen, giving a yield of 2.149 percent, the Ministry of Finance said.Of the successful bids, 45.1149 percent were made at the lowest price, the ministry said. The average bid was 100.76 yen, giving a yield of 2.145 percent.The bonds have a coupon of 2.2 percent.Designated as the No 97 issue, the bonds will be issued on Oct 30 and will mature on Sept 20, 2027.The ministry received 2.7082 trillion yen worth of competitive bids and accepted 725.2 billion yen worth, giving a bid-to-cover ratio of 3.73 to one. This means the amount of competitive bids received was 3.73 times the amount of bonds offered for sale.At the previous auction of 20-year debt on Sept 20, which also carried a coupon of 2.2 percent, 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 = 113.95 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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