Bond Major Local Joint Bond 1.29% ( JP2990001B37 ) in JPY

Issuer	Major Local Joint Bond
Market price	100 % ⇌
Country	Japan
ISIN code	JP2990001B37 ( in JPY )
Interest rate	1.29% per year ( payment 2 times a year)
Maturity	24/03/2021 - Bond has expired
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Detailed description	Major Joint Local Bonds are municipal bonds issued by a large municipality or a group of municipalities to finance major infrastructure projects within their jurisdiction. The financial instrument, an obligation identified by ISIN JP2990001B37, was issued by Major Joint Local Bond, a Japanese entity typically involved in local public sector financing; denominated in JPY, it carried a 1.29% coupon rate payable semi-annually and was observed at 100% of its par value upon its maturity date of March 24, 2021, having since been fully redeemed.