Bond Nippon 0% ( JP1748991L48 ) in JPY

Issuer	Nippon
Market price	100 % ⇌
Country	Japan
ISIN code	JP1748991L48 ( in JPY )
Interest rate	0%
Maturity	12/10/2020 - Bond has expired
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Minimal amount	50 000 JPY
Total amount	2 899 980 000 000 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. A specific financial instrument, identified by ISIN JP1748991L48, was a sovereign bond issued by Japan, a highly developed G7 economy and a key player in global financial markets, with the nation itself acting as both the issuer and the country of issuance. This JPY-denominated fixed-income security, representing a substantial total issue size of JPY 2,899,980,000,000 and initially available for purchase in minimum allocations of JPY 50,000, featured a zero-coupon structure with a 0% interest rate, signifying no periodic interest payments and a single principal payment at maturity. The bond reached its scheduled maturity on October 12, 2020, at which point it was noted to be trading at 100% of its par value, consistent with its subsequent full redemption, confirming the successful conclusion of its financial lifecycle and the fulfillment of the issuer's obligations to its bondholders.