Bond Aichi Prefecture 0.14% ( JP2230002K10 ) in JPY

Issuer	Aichi Prefecture
Market price	100 % ⇌
Country	Japan
ISIN code	JP2230002K10 ( in JPY )
Interest rate	0.14% per year ( payment 1 time a year)
Maturity	31/01/2029
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Minimal amount	/
Total amount	/
Next Coupon	31/01/2026 ( In 113 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 financial instrument identified by the ISIN code JP2230002K10 is classified as a bond, issued by the Aichi Prefecture, a prominent administrative region within Japan. Aichi Prefecture is widely recognized as a vital economic engine for the nation, particularly distinguished as a global center for advanced manufacturing and the automotive industry, hosting the headquarters of major corporations like Toyota Motor Corporation. This robust industrial base and stable governance empower the prefecture to issue debt instruments, primarily to fund essential public services, infrastructure development, and regional projects, thereby contributing to the area's sustained economic growth and stability. Denominated in Japanese Yen (JPY), this particular bond carries a fixed interest rate of 0.14%, reflecting the prevailing low-yield environment characteristic of the Japanese fixed income market. It holds a maturity date of January 31, 2029, offering investors a medium-term exposure. The bond is currently trading at 100% of its par value on the market, indicating that its current yield effectively matches its coupon rate. Interest payments are structured to occur annually, with a payment frequency of 1, providing predictable income to bondholders.