Bond Aichi Prefecture 0.412% ( JP2230001MC5 ) in JPY

Issuer	Aichi Prefecture
Market price	100 % ▲
Country	Japan
ISIN code	JP2230001MC5 ( in JPY )
Interest rate	0.412% per year ( payment 1 time a year)
Maturity	20/12/2051
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Minimal amount	/
Total amount	10 000 000 000 JPY
Next Coupon	20/12/2025 ( In 71 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. A long-term bond, identified by the International Securities Identification Number (ISIN) JP2230001MC5, has been issued by Aichi Prefecture, a significant administrative division and economic powerhouse located in the Chubu region of Japan. As a prominent issuer, Aichi Prefecture is well-regarded for its robust industrial base, particularly its leading role in Japan's automotive manufacturing sector, and issues bonds primarily to finance crucial public infrastructure projects, social services, and other essential governmental expenditures within its jurisdiction. This specific debt instrument, denominated in Japanese Yen (JPY), was issued with a substantial total size of JPY 10,000,000,000. It carries a fixed annual coupon rate of 0.412% and is set to mature on December 20, 2051, classifying it as a notably long-dated fixed-income security. Interest payments are scheduled annually. Currently, this Japanese-issued bond is observed to be trading at 100% of its par value in the secondary market, indicating its price aligns precisely with its face value at present.