Bond Nippon 0% ( JP1741671P79 ) in JPY

Issuer	Nippon
Market price	100 % ▲
Country	Japan
ISIN code	JP1741671P79 ( in JPY )
Interest rate	0%
Maturity	10/01/2024 - 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 sovereign bond identified by ISIN JP1741671P79, issued by Japan, successfully reached its maturity on January 10, 2024, and has subsequently been fully redeemed. This particular security, a direct obligation of the Japanese government, was denominated in Japanese Yen (JPY) and featured a 0% interest rate, indicating it was structured as a zero-coupon bond. Such instruments are typically purchased at a discount from their face value and accrue value over time to be repaid at 100% of par upon maturity, reflecting the principal repayment received by investors. The issuer, Japan, stands as one of the world's leading economies and a major participant in global financial markets, known for its deep and liquid government bond market, often characterized by low yields reflecting its strong credit standing and reputation as a safe haven for investors. The country's robust economic fundamentals, advanced industrial base, and high savings rate contribute to its status as a highly reliable sovereign borrower. The timely redemption of this bond at its maturity date and its principal value of 100% reinforces the Japanese government's commitment to honoring its financial commitments and underscores its impeccable creditworthiness in the global debt market.