What Is a Flat Price?

One of the ways to divide the public bidding according to the winning price. Also known as the "Dutch Way". Japanese medium-term interest-bearing government bonds often use this method of issuance. When conducting public offering bidding, the winning price is uniformly based on the lowest price or highest yield of the successful bidders. When this issuance method is adopted, the issuing conditions of the issuer should be uniform ^[1] .