Government Bond Issuance Plan Overview
The Ministry of Finance announced the planned issuance amount and other details for 5-Year Government Bonds (September bonds) on September 3, 2025. These bonds serve as core medium-term maturity bonds, playing important roles in ensuring liquidity in the government bond market and fiscal fundraising.
Issuance Schedule and Conditions
Tender and issuance dates:
- Planned tender date: September 10, 2025
- Planned issuance date: September 11, 2025 (day after tender)
- Planned maturity date: June 20, 2030 (approximately 4 years and 9 months later) Issuance scale:
- Planned issuance amount: Approximately 2.4 trillion yen at face value (large-scale issuance)
Tender Method and Participants
First Tender (price competitive tender): Implementation of regular price competitive tender Second Tender (non-price competitive tender): Implemented at 2:00 PM on the planned tender date for Government Bond Market Special Participants based on First Tender results
Significance for Government Bond Market and Fiscal Operations
Market liquidity: 5-year bonds have high investor demand and serve as core bonds in the government bond market with active trading in secondary markets Fiscal fundraising: Large-scale procurement of 2.4 trillion yen supports government cash management and fiscal policy implementation Interest rate trends: Important price formation function reflecting monetary policy and market trends as medium-term interest rate indicator This issuance contributes to stable fiscal fundraising and maintaining bond market functions as a large-scale bond issuance that forms the core of Japan's government bond market.