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ItalianoBond Joint Local Government Bond Bonds 0.135% ( JP2990001L43 ) in JPY
| Issuer | Joint Local Government Bond Bonds | ||||
| Market price |  100.00 % ▲ |
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| Country |  Japan
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| ISIN code |
 JP2990001L43 ( in JPY )
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| Interest rate | 0.135% per year ( payment 1 time a year) | ||||
| Maturity | 25/04/2030 | ||||
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Prospectus brochure in PDF format |
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| Minimal amount | / | ||||
| Total amount | 123 000 000 000 JPY | ||||
| Next Coupon | 25/04/2027 ( In 212 days ) | ||||
| Detailed description |
Joint Local Government Bonds are municipal bonds issued by multiple local government entities, often to finance large-scale infrastructure projects or regional initiatives, pooling resources and reducing individual issuer risk. A financial instrument of note, identified by its ISIN JP2990001L43, is the Joint Local Government Bond issued within Japan. The issuer, denoted as 'Joint Local Government Bond Bonds,' represents a collective financing mechanism utilized by multiple local governmental bodies across Japan; this structure allows various prefectures, cities, and other municipal entities to pool their borrowing needs, thereby potentially achieving better terms and greater liquidity in the capital markets. These bonds are typically underpinned by the credit standing and tax revenues of the participating local governments, often viewed as highly stable investments given the robust sovereign credit profile of Japan and the integral role of local administrations within its public finance framework. This specific bond is currently observed trading at 100% of its par value, denominated in Japanese Yen (JPY), and carries a coupon interest rate of 0.135%. The total issuance size for this offering amounts to JPY 123,000,000,000, signifying a substantial capital injection into the public sector. With a maturity date set for April 25, 2030, this instrument provides a fixed income stream to investors, with interest payments structured to occur annually. |
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