Bond Nippon 0% ( JP1748571K96 ) in JPY

Issuer	Nippon
Market price	100 % ⇌
Country	Japan
ISIN code	JP1748571K96 ( in JPY )
Interest rate	0%
Maturity	16/12/2019 - Bond has expired
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Minimal amount	50 000 JPY
Total amount	4 280 000 000 000 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. This financial instrument, specifically an obligation identified by the ISIN code JP1748571K96, was issued by the sovereign entity of Japan. As a major global economy and a highly developed nation, Japan represents a significant issuer in international financial markets, with its debt instruments reflecting the country's economic stability and fiscal policy. This particular bond, denominated in Japanese Yen (JPY) and issued within Japan, was notable for its zero-coupon structure, meaning it carried a 0% interest rate and thus paid no periodic coupons to its holders throughout its tenure; investors in this bond would have realized returns from the difference between its purchase price and the redemption value at maturity. The total size of this issuance was substantial, amounting to JPY 4,280,000,000,000, indicating a significant financing operation for the Japanese government, with a minimum purchase size set at JPY 50,000. Originally scheduled to mature on December 16, 2019, this obligation has successfully reached its maturity date and was fully redeemed at 100% of its face value, signifying the completion of the issuer's commitment to its bondholders.