Bond Nippon 0% ( JP1748971L34 ) in JPY

Issuer	Nippon
Market price	100 % ⇌
Country	Japan
ISIN code	JP1748971L34 ( in JPY )
Interest rate	0%
Maturity	29/06/2020 - Bond has expired
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Minimal amount	50 000 JPY
Total amount	4 739 990 000 000 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. A comprehensive analysis of the fixed-income security identified by ISIN JP1748971L34 reveals a government bond issued by Japan, a globally significant sovereign entity and the world's third-largest economy, renowned for its financial stability and sophisticated debt markets, despite a prolonged period of ultra-low interest rates. This particular bond, denominated in Japanese Yen (JPY), was characterized by a 0% interest rate, effectively making it a zero-coupon instrument, with a stated payment frequency of 1, indicating a single principal repayment at its maturity. The market price for this security prior to its redemption stood at 100% of its face value, signifying it traded at par. The total size of this significant issuance amounted to JPY 4,739,990,000,000, reflecting a substantial government financing operation, with a minimum purchase increment set at JPY 50,000. The bond reached its scheduled maturity date on June 29, 2020, and has since been fully reimbursed to its bondholders, confirming the successful conclusion of the issuer's financial commitment.