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Japanese govt sets 0.8 pct coupon on 2-year bond issue worth 1.7 trln yen


Published : Tue, 30 Jan 2007 03:46
By : Agencies
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TOKYO (AFX) - The Ministry of Finance said it has set a coupon of 0.8 pct on the two-year government bonds worth 1.7 trln yen it will auction today, unchanged from the coupon set in the previous auction last Dec 21.

Designated as the No 253 issue, the bonds will be issued on Feb 15, 2007 and will mature on Feb 15, 2009, the ministry said.

The results of the auction will be announced at 12.45 pm here (0345 GMT).

At the last auction on Dec 21, the lowest accepted bid was 100.015 yen for a yield of 0.792 pct, with a bid-to-cover ratio of 3.62 to one.

(1 usd = 121.62 yen)

yasuhiko.seki@xfn.com

xfnys/xfnzr

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