Bond Nippon 0.005% ( JP1024271M85 ) in JPY

Issuer	Nippon
Market price	100 % ⇌
Country	Japan
ISIN code	JP1024271M85 ( in JPY )
Interest rate	0.005% per year ( payment 1 time a year)
Maturity	01/08/2023 - Bond has expired
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Minimal amount	50 000 JPY
Total amount	3 173 900 000 000 JPY
Detailed description	Japan is an archipelago nation in East Asia known for its rich culture, technological advancements, and unique blend of traditional and modern societies. A detailed analysis of the Japanese sovereign debt market reveals the recent redemption of the bond identified by ISIN JP1024271M85, an instrument issued by Japan, a global economic powerhouse and a major sovereign borrower in the international financial markets, with its issuance originating from its home country, Japan, and denominated in Japanese Yen (JPY), featuring a notably low annual coupon rate of 0.005%, reflective of the prevailing ultra-low yield environment in the Japanese fixed income landscape, with an impressive total issuance size reaching JPY 3,173,900,000,000 (approximately JPY 3.174 trillion) and a minimum purchase threshold set at JPY 50,000 per unit for investors, which, having offered coupon payments on an annual frequency, reached its maturity date on August 1, 2023, and was subsequently redeemed at its full par value of 100%, thus concluding its lifecycle as a fully reimbursed obligation.