The Finance Ministry on Tuesday lowered the coupon rate for new 10-year government bonds to 0.8 percent from 0.9 percent, citing recent robust demand for the sovereign debt.
The No. 324 issue of benchmark long-term debt attracted ¥6.495 trillion in bids in an auction Tuesday, of which the ministry accepted ¥2.093 trillion. Last month, bids totaled ¥6.213 trillion and ¥2.104 trillion was accepted.
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