Bond Nippon 0% ( JP120182PNA6 ) in JPY

Issuer	Nippon
Market price	100 % ⇌
Country	Japan
ISIN code	JP120182PNA6 ( in JPY )
Interest rate	0%
Maturity	20/09/2042
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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. This financial instrument, identified by ISIN JP120182PNA6, is a sovereign bond issued by Japan, a global economic powerhouse and the world's third-largest economy, recognized for its highly developed financial markets and typically low sovereign credit risk, albeit operating within a unique ultra-low interest rate and high public debt environment. Denominated in Japanese Yen (JPY) and issued within Japan, this bond is currently trading at 100% of its par value on the market. A distinct characteristic of this particular issue is its 0% interest rate, categorizing it as a zero-coupon bond, meaning investors do not receive periodic interest payments throughout its life. Instead, the entire return, if any, for zero-coupon bonds is typically realized from purchasing the bond at a discount to its face value and receiving the full principal amount at maturity; however, with its current market price at 100% of par, this implies a 0% yield to maturity for an investor holding it until its long-term maturity date of September 20, 2042. The specified 'frequency of payment' of '1' for this zero-coupon bond signifies that the principal amount will be disbursed as a single payment upon its maturity.