Bond Details
Name: Interest-bearing Government Bond (10-year) 379th Issue Coupon Rate: 1.5% per annum Issue Date: September 3, Reiwa 7 Maturity Date: June 20, Reiwa 17 (10-year maturity) Interest Payment: Semi-annually on June 20 and December 20
Issue Scale and Auction Details
Planned Issue Amount: Approximately 2.6 trillion yen in face value Application Deadline: September 2, Reiwa 7, 11:50 AM Allocation Decision Notification: September 2, Reiwa 7 (same day) Payment Date: September 3, Reiwa 7
Auction Method
Three auction methods used concurrently:
- Price Competitive Auction: Conventional method, minimum bidding unit 100 million yen
- Non-competitive Auction: Pro-rata allocation, minimum bidding unit 1 million yen, limit 1 billion yen per bidder
- Government Securities Market Special Participants Type I Non-price Competitive Auction: Minimum bidding unit 100 million yen
Type II Non-price Competitive Auction
Based on the results of the price competitive auction, Type II non-price competitive auction targeting government securities market special participants is scheduled to be conducted at 2:00 PM today. This aims to ensure market liquidity and improve price discovery function.
Market Impact
10-year government bonds are benchmark issues that serve as interest rate indicators, with the 1.5% coupon rate reflecting current interest rate levels. The large-scale issuance of 2.6 trillion yen holds important significance for both government funding needs and monetary policy management.