Bond Nippon 0.1% ( JP1051441L76 ) in JPY

Issuer	Nippon
Market price	99.99 % ▲
Country	Japan
ISIN code	JP1051441L76 ( in JPY )
Interest rate	0.1% per year ( payment 1 time a year)
Maturity	20/06/2025 - Bond has expired
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Minimal amount	50 000 JPY
Total amount	7 984 916 500 000 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 recent development in the sovereign debt market involves the full maturity and redemption of a specific Japanese government bond. The issuer, Japan, a globally significant sovereign entity, represents the world's third-largest economy, known for its highly developed financial markets and robust domestic investor base. Its bond issuances, commonly known as Japanese Government Bonds (JGBs), are integral to the global fixed-income landscape, reflecting the nation's unique economic characteristics, including a long period of ultra-low interest rates orchestrated by the Bank of Japan and substantial, though largely domestically held, public debt. Specifically, the bond identified by the ISIN JP1051441L76 was a Japanese Government Bond, issued within Japan and denominated in Japanese Yen (JPY). At its maturity, its market price stood at 99.99% of par value. This particular instrument carried a fixed annual interest rate of 0.1%, with interest payments made annually. The total size of this particular bond issuance amounted to JPY 7,984,916,500,000, with a minimum purchase increment set at JPY 50,000. This obligation, which had a maturity date of June 20, 2025, has since been fully redeemed and reimbursed, successfully concluding its life cycle in the sovereign debt market.