Bond Japan Municipal Finance Organization 0.32% ( JP351265AF16 ) in JPY

Issuer	Japan Municipal Finance Organization
Market price	100 % ⇌
Country	Japan
ISIN code	JP351265AF16 ( in JPY )
Interest rate	0.32% per year ( payment 1 time a year)
Maturity	20/01/2025 - Bond has expired
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Minimal amount	100 000 JPY
Total amount	20 000 000 000 JPY
Detailed description	The Japan Finance Organisation for Municipalities (JFM) is a government-related financial institution that provides loans and other financial services to local governments in Japan for public works projects and other municipal initiatives. The bond identified by ISIN JP351265AF16, issued by the Japan Finance Organization for Municipalities (JFM), has successfully reached its maturity date of January 20, 2025, and has been fully redeemed. JFM, a prominent public financial institution established under Japanese law, serves as a vital pillar in the nation's financial infrastructure by providing stable, low-cost financing to local governments across Japan, thereby enabling them to fund essential public services and infrastructure projects. This specific fixed-income instrument, denominated in Japanese Yen (JPY) with a total issue size of JPY 20,000,000,000, carried an annual interest rate of 0.32% and was available for acquisition with a minimum purchase size of JPY 100,000. Consistent with its market price of 100% at the time of its final settlement, the bond was repaid at par, fulfilling its obligations to bondholders upon its maturity from its country of issuance, Japan.