Bond Tokyo 0.688% ( JP2130003LA8 ) in JPY

Issuer	Tokyo
Market price	100 % ⇌
Country	Japan
ISIN code	JP2130003LA8 ( in JPY )
Interest rate	0.688% per year ( payment 1 time a year)
Maturity	20/09/2050
Prospectus brochure in PDF format
Minimal amount	10 000 000 JPY
Total amount	10 000 000 000 JPY
Next Coupon	20/09/2026 ( In 42 days )
Detailed description	Tokyo, Japan's sprawling capital, is a vibrant metropolis blending ultramodern technology with ancient traditions, boasting iconic landmarks like the Imperial Palace and the bustling Shibuya crossing. An in-depth look at a significant long-term bond issuance reveals instrument specifics associated with the Tokyo Metropolitan Government, identified by the ISIN JP2130003LA8. As a major sub-sovereign entity and the administrative body for one of the world's leading economic centers, the City of Tokyo, situated in Japan, frequently accesses capital markets to fund its extensive public services, infrastructure development, and urban initiatives, supported by the stable economic backdrop of its sovereign nation. This particular fixed-income security, denominated in Japanese Yen (JPY), is presently trading at par, indicated by its current market price of 100%. It features an annual coupon rate of 0.688%, with interest payments distributed once per year. The bond represents a sizable total issuance of JPY 10,000,000,000, designed primarily for institutional participation given its minimum subscription size of JPY 10,000,000. With a distant maturity date of September 20, 2050, this bond offers a prolonged investment horizon for its holders.