Bond Nippon 0% ( JP1749571LC5 ) in JPY

Issuer	Nippon
Market price	100 % ⇌
Country	Japan
ISIN code	JP1749571LC5 ( in JPY )
Interest rate	0%
Maturity	10/06/2021 - Bond has expired
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Minimal amount	50 000 JPY
Total amount	3 799 980 000 000 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. This financial instrument, identified as a bond under ISIN code JP1749571LC5, was issued by Japan, a major global economic power and one of the world's largest sovereign debt issuers, with the country of issuance also being Japan. Denominated in Japanese Yen (JPY), the total size of this particular bond issuance amounted to JPY 3,799,980,000,000, with a minimum purchase size set at JPY 50,000. A notable characteristic of this obligation was its 0% interest rate, categorizing it as a zero-coupon bond, implying no periodic coupon payments were distributed to bondholders. With its maturity date on June 10, 2021, and a stated payment frequency of 1 (which, for a zero-coupon bond, refers to the single principal repayment), this bond has successfully reached its full term and has been fully repaid, reflected by its market price of 100% at the time of redemption.