Bond Nippon 0% ( JP1741511P40 ) in JPY

Issuer	Nippon
Market price	100 % ⇌
Country	Japan
ISIN code	JP1741511P40 ( in JPY )
Interest rate	0%
Maturity	24/07/2023 - Bond has expired
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Minimal amount	50 000 JPY
Total amount	6 299 950 000 000 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 specific Japanese government bond, identified by ISIN JP1741511P40, recently reached its maturity on July 24, 2023, and was fully redeemed at its 100% market value, underscoring the consistent and reliable nature of debt instruments issued by Japan, a major G7 economy and a critical sovereign issuer in global financial markets that leverages such bonds to manage public finance and ensure economic stability; this particular bond, denominated in Japanese Yen (JPY), carried a 0% interest rate with a payment frequency of 1, represented a total issuance size of 6,299,950,000,000 JPY, and was available for a minimum purchase of 50,000 JPY, with its successful redemption reinforcing the nation's steadfast commitment to its financial obligations.