Bond Nippon 0% ( JP1741601P66 ) in JPY

Issuer	Nippon
Market price	100 % ⇌
Country	Japan
ISIN code	JP1741601P66 ( in JPY )
Interest rate	0%
Maturity	04/09/2023 - 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. This analysis focuses on the sovereign bond identified by ISIN JP1741601P66, an instrument issued by Japan, a major global economic power and a highly creditworthy sovereign entity known for its significant presence in international debt markets, whose fiscal policy and economic stability underpin its bond offerings. Denominated in Japanese Yen (JPY), this bond, which had a recorded market price of 100% prior to its conclusion, was characterized by a zero percent interest rate, indicating it was likely structured as a zero-coupon instrument or a similar product designed for principal repayment rather than periodic interest distributions; its listed payment frequency of '1' further suggests a single, final settlement. The bond reached its stated maturity date on September 4, 2023, at which point it was fully redeemed and repaid to investors, marking the successful conclusion of its term.