Bond Gunma Prefecture Bonds 0.481% ( JP2100001M63 ) in JPY

Issuer	Gunma Prefecture Bonds
Market price	100 % ▲
Country	Japan
ISIN code	JP2100001M63 ( in JPY )
Interest rate	0.481% per year ( payment 1 time a year)
Maturity	11/06/2041
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Minimal amount	/
Total amount	10 000 000 000 JPY
Next Coupon	11/06/2026 ( In 177 days )
Detailed description	Gunma Prefecture bonds are municipal bonds issued by the Gunma Prefectural Government in Japan to finance public works and services. Market participants are currently observing a long-term prefectural bond issued by Gunma Prefecture, Japan, under the ISIN code JP2100001M63. The issuer, Gunma Prefecture, is a key administrative division located in the Kanto region of Honshu island, renowned for its diverse economic activities encompassing agriculture, manufacturing, particularly in automotive components and electronics, and a thriving tourism sector driven by its numerous hot springs and natural landscapes; these prefectural bonds are typically utilized to finance vital local infrastructure projects, public services, and other regional development initiatives, reflecting the prefecture's fiscal strategy. This specific bond, denominated in Japanese Yen (JPY), carries a fixed annual coupon rate of 0.481% and has a maturity date set for June 11, 2041, making it a considerable long-duration asset. With a total issuance size of JPY 10,000,000,000, the bond offers annual interest payments to investors. Notably, the instrument is presently trading at 100% of its face value on the market, indicating it is at par, which may suggest a stable market valuation relative to its yield and the prevailing interest rate environment.