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Press Release

March 27, 2017

Ministry of Finance

Issuance of the 10-year, 20-year, 30-year and 40-year Bonds (FY2017)

Issuance and reopening schedule of the 10-year, 20-year, 30-year and 40-year Bonds will be as follows 


1) 10-year Bonds (4 issues in FY2017, except in the event of rapid market movements)(*)

 * It will be issued as a new issue in case the gap between the market interest rate on the auction day and the coupon rate of the issue with the same maturity is more than 0.30%.

 <In case of 4 issues in FY2017>

  • March, April and May 2017 issues will be the issue No.346. (Maturity March 20, 2027)
  • June, July and August 2017 issues will be the issue No.347. (Maturity June 20, 2027)
  • September, October and November 2017 issues will be the issue No.348. (Maturity September 20, 2027)
  • December 2017, January and February 2018 issues will be the issue No.349. (Maturity December 20, 2027)
    (March 2018 issue will be the issue No.350, which will be reopened by some issues in FY2018.)

 

2) 20-year Bonds (4 issues in FY2017) 

  • March, April and May 2017 issues will be the issue No.160. (Maturity March 20, 2037)
  • June, July and August 2017 issues will be the issue No.161. (Maturity June 20, 2037)
  • September, October and November 2017 issues will be the issue No.162. (Maturity September 20, 2037)
  • December 2017, January and February 2018 issues will be the issue No.163. (Maturity December 20, 2037)
    (March 2018 issue will be the issue No.164, which will be reopened by some issues in FY2018.)

 

3) 30-year Bonds (4 issues in FY2017)

  • March, April and May 2017 issues will be the issue No.54. (Maturity March 20, 2047)
  • June, July and August 2017 issues will be the issue No.55. (Maturity June 20, 2047)
  • September, October and November 2017 issues will be the issue No.56. (Maturity September 20, 2047)
  • December 2017, January and February 2018 issues will be the issue No.57. (Maturity December 20, 2047)
    (March 2018 issue will be the issue No.58, which will be reopened by some issues in FY2018.)

 

4) 40-year Bonds (1 issue in FY2017)

  • May, July, September, November 2017, January and March 2018 issues will be the issue No.10. (Maturity March 20, 2057)
  • Auction method is Dutch-style-yield-competitive auction (0.5 bp bidding scale).

 

(Note) The plan could be changed owing to market conditions and others.