Bond Aichi Prefecture 0.481% ( JP2230001MB7 ) in JPY

Issuer	Aichi Prefecture
Market price	100 % ⇌
Country	Japan
ISIN code	JP2230001MB7 ( in JPY )
Interest rate	0.481% per year ( payment 1 time a year)
Maturity	22/11/2041
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Minimal amount	/
Total amount	/
Next Coupon	22/11/2026 ( In 288 days )
Detailed description	Aichi Prefecture, located in central Japan, is a densely populated prefecture known for its significant industrial sector, including automotive manufacturing, and its rich history and cultural heritage, exemplified by Nagoya Castle and numerous other historical sites. The financial market is currently observing the JP2230001MB7 bond, a fixed-income security issued by the Aichi Prefecture, a significant sub-sovereign entity within Japan. Aichi Prefecture stands as a cornerstone of Japan's industrial landscape, particularly renowned for its robust manufacturing sector and as a global automotive hub, providing a stable economic foundation for its debt obligations. This specific bond, denominated in Japanese Yen (JPY), carries an annual interest rate of 0.481% and is set to mature on November 22, 2041, placing it in the long-term debt category. Payments to bondholders are structured on an annual frequency. Furthermore, the bond is presently trading at 100% of its face value on the market, suggesting that its yield to maturity is aligned with its coupon rate, reflecting its current valuation within the Japanese bond market.