TOKYO (Thomson Financial) - Japan's Ministry of Finance said Tuesday it has set a coupon of 1.9 percent on 1.9 trillion yen worth of ten-year government bonds it will auction today.
At the last auction of 10-year paper on June 5 it set a coupon of 1.8 percent.
The bonds to be auctioned today will be issued on July 20 and will mature on June 20, 2017, the ministry said.
At the previous auction, the lowest accepted price was 99.91 yen, giving a yield of 1.810 percent, with a bid-to-cover ratio of 3.20 to one.
The results of the auction will be announced at 12.45 pm local time (0345 GMT).
(1 usd = 122.24 yen)
yumiko.nishitani@thomson.com
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