Bond Nippon 0% ( JP102439PN82 ) in JPY

Issuer	Nippon
Market price	100 % ⇌
Country	Japan
ISIN code	JP102439PN82 ( in JPY )
Interest rate	0%
Maturity	01/08/2024 - Bond has expired
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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. The Japanese sovereign bond market recently witnessed the scheduled maturity and full redemption of a specific financial instrument, identified by its ISIN code JP102439PN82. Issued by Japan, a global economic powerhouse and a highly-rated sovereign entity known for its stable financial management and deep capital markets, this bond represented a direct obligation of the Japanese government, underscoring the nation's commitment to honoring its financial liabilities. Denominated in Japanese Yen (JPY), this particular security featured a 0% interest rate, suggesting its structure as a zero-coupon bond or a comparable instrument where the return on investment is primarily realized at its par value upon maturity rather than through periodic coupon payments. Its current market price was recorded at 100%, aligning with its full principal reimbursement upon reaching its maturity date of August 1, 2024. With a nominal payment frequency of 1, referring to the singular principal repayment event, this bond has now been successfully retired from circulation, affirming the orderly functioning of Japan's public finance operations.