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Issuance of the Bonds with Fixed-Rate Coupons (FY2025)

March 25, 2025

Ministry of Finance

Issuance of the Bonds with Fixed-Rate Coupons (FY2025)

Issuance and reopening schedule of the Bonds with Fixed-Rate Coupons will be as follows. 


1) 10-year Bonds (4 issues in FY2025 unless the gap between the coupon rate of the issue with the same maturity and the market interest rate on the auction day is more than 0.30%)    

　＜In case of 4 issues in FY2025＞

  • April, May and June 2025 issues will be the issue No.378. (Maturity March 20, 2035)
  • July, August and September 2025 issues will be the issue No.379. (Maturity June 20, 2035)
  • October, November and December 2025 issues will be the issue No.380. (Maturity September 20, 2035)
  • January, February and March 2026 issues will be the issue No.381. (Maturity December 20, 2035)

  • Auction method is the price-competitive conventional auction.

2) 20-year Bonds (4 issues in FY2025) 

  • April, May and June 2025 issues will be the issue No.192. (Maturity March 20, 2045)
  • July, August and September 2025 issues will be the issue No.193. (Maturity June 20, 2045)
  • October, November and December 2025 issues will be the issue No.194. (Maturity September 20, 2045)
  • January, February and March 2026 issues will be the issue No.195. (Maturity December 20, 2045)

  • Auction method is the price-competitive conventional auction.

 

3) 30-year Bonds (4 issues in FY2025)

  • April, May and June 2025 issues will be the issue No.86. (Maturity March 20, 2055)
  • July, August and September 2025 issues will be the issue No.87. (Maturity June 20, 2055)
  • October, November and December 2025 issues will be the issue No.88. (Maturity September 20, 2055)
  • January, February and March 2026 issues will be the issue No.89. (Maturity December 20, 2055)

  • Auction method is the price-competitive conventional auction.

 

4) 40-year Bonds (1 issue in FY2025)

  • May, July, September, November 2025, January and March 2026 issues will be the issue No.18. (Maturity March 20, 2065)
  • Auction method is Dutch-style-yield-competitive auction at intervals of 0.5bp.

 

5) 5-year Bonds (4 issues in FY2025 unless the gap between the coupon rate of the issue with the same maturity and the market interest rate on the auction day is more than 0.10%)

  • Auction method is the price-competitive conventional auction.

 

6) Japan Climate Transition Bonds (No reopening rule)

 <5-year>
  • July 2025 issue will be the issue No.3. (Maturity June 20, 2030)
  • January 2026 issue will be the issue No.4. (Maturity December 20, 2030)
 <10-year>
  • October 2025 issue will be the issue No.3. (Maturity September 20, 2035)
  • March 2026 issue will be the issue No.4. (Maturity December 20, 2035)

  • Auction method is Dutch-style-yield-competitive auction at intervals of 0.1bp.

 
　 (Reference) 2-year Bonds : No reopening rule. Auction method is the price-competitive conventional auction.
 　(Note) The plan could be changed owing to market conditions and others. 

 

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