Bond Nippon 0% ( JP1749751M29 ) in JPY

Issuer	Nippon
Market price	100 % ⇌
Country	Japan
ISIN code	JP1749751M29 ( in JPY )
Interest rate	0%
Maturity	25/08/2021 - Bond has expired
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Minimal amount	50 000 JPY
Total amount	3 399 920 000 000 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. The financial markets recently observed the final lifecycle event of a significant sovereign bond issued by Japan, identified by its ISIN code JP1749751M29. This particular debt instrument, classified as a bond, was issued by Japan, a prominent global economic power and a highly active sovereign issuer in the international debt markets, renowned for the stability of its government bonds (JGBs) which are typically denominated in Japanese Yen (JPY) and issued from within Japan. The bond, originally issued in JPY, carried a distinct characteristic of a 0% interest rate, indicating it was structured as a zero-coupon bond, a type of debt instrument that typically trades at a discount and provides returns to investors through the difference between its purchase price and the full principal amount received at maturity. The total size of this particular issuance was substantial, amounting to 3,399,920,000,000 JPY, with a minimum purchase size set at 50,000 JPY, making it accessible to a wide range of institutional and individual investors. While traditional coupon payment frequencies are not applicable to zero-coupon bonds, the instrument was designed for a single principal payment event at its maturity, which occurred on August 25, 2021. As confirmed, this bond successfully reached its maturity date and has been fully redeemed, meaning the principal amount was returned to bondholders at 100% of its face value, concluding its tenure in the financial markets.