Bond Nippon 0% ( JP1741331P14 ) in JPY

Issuer	Nippon
Market price	100 % ▲
Country	Japan
ISIN code	JP1741331P14 ( in JPY )
Interest rate	0%
Maturity	22/01/2024 - Bond has expired
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Minimal amount	/
Total amount	3 499 960 000 000 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 significant development in the sovereign debt landscape of Japan, a leading global economy and a highly respected sovereign issuer known for its deep and liquid government bond market (JGBs) and its status as a major developed nation, recently unfolded with the maturity and full repayment of a specific government bond. This obligation, identified by the ISIN JP1741331P14, was a direct issuance from the Japanese government, denominated in Japanese Yen (JPY). Characterized by a 0% interest rate and a single payment frequency, reflecting specific market conditions or investor preferences at its time of issuance, this particular bond tranche represented a substantial component of the nation's public financing with a total issuance size of JPY 3,499,960,000,000. Upon its scheduled maturity on January 22, 2024, the bond was reported to be trading at its par value of 100%, affirming its complete redemption and the timely reimbursement to investors, underscoring the reliability and stability associated with Japanese government debt instruments.