Bond Nippon 0% ( JP1740401MB4 ) in JPY

Issuer	Nippon
Market price	100 % ⇌
Country	Japan
ISIN code	JP1740401MB4 ( in JPY )
Interest rate	0%
Maturity	25/05/2022 - Bond has expired
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Minimal amount	50 000 JPY
Total amount	3 449 980 000 000 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. An analysis of the matured bond with ISIN JP1740401MB4 offers insights into the sovereign debt landscape of Japan, the issuer. The Japanese government, a prominent and highly rated entity in global financial markets, issues a diverse range of fixed-income instruments to finance its extensive public operations; despite significant national debt, Japan's bonds are generally perceived as low-risk due to its robust economy, large domestic investor base, and stable political framework. This particular bond, denominated in Japanese Yen (JPY) and issued from Japan, was characterized by a 0% interest rate, effectively making it a zero-coupon instrument, which implies investors received no periodic interest payments but were repaid its principal value upon maturity. With a substantial total issuance size of JPY 3,449,980,000,000, and a minimum purchase increment of JPY 50,000, this security played a role in the nation's capital raising efforts. The bond reached its scheduled maturity on May 25, 2022, and has subsequently been fully redeemed at 100% of its face value, signifying the successful completion of its lifecycle within the financial market and the fulfillment of the issuer's obligation.