Bond Nippon 0% ( JP120066P422 ) in JPY

Issuer	Nippon
Market price	100 % ⇌
Country	Japan
ISIN code	JP120066P422 ( in JPY )
Interest rate	0%
Maturity	20/12/2023 - Bond has expired
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Minimal amount	50 000 JPY
Total amount	/
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. An in-depth analysis of a recently matured debt instrument reveals insights into the Japanese sovereign bond market. The specific bond, identified by ISIN JP120066P422, was issued by Japan, a highly regarded sovereign entity known for its robust economy, deep capital markets, and status as a major global financial player. This particular debt instrument, denominated in Japanese Yen (JPY), was characterized by a zero interest rate, indicating it was likely a zero-coupon bond, and was last observed trading at 100% of its face value on the market, signifying a par redemption upon maturity. Investors could acquire this bond with a minimum purchase size of JPY 50,000. With an original maturity date of December 20, 2023, and a principal repayment scheduled as a single occurrence, this bond has now successfully reached its maturity date and its principal has been fully reimbursed to its holders, thereby concluding its active participation in the financial markets.