Bond Japan Municipal Finance Organization 0.66% ( JP351265AJD3 ) in JPY

Issuer	Japan Municipal Finance Organization
Market price	100 % ⇌
Country	Japan
ISIN code	JP351265AJD3 ( in JPY )
Interest rate	0.66% per year ( payment 1 time a year)
Maturity	26/01/2038
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Minimal amount	100 000 000 JPY
Total amount	10 000 000 000 JPY
Next Coupon	26/01/2027 ( In 171 days )
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. This financial article provides an in-depth analysis of a bond issuance from the Japan Finance Organization for Municipalities (JFM), a crucial public entity in Japan. The Japan Finance Organization for Municipalities (JFM) is a specialized governmental financial institution established under Japanese law, with the fundamental mission of providing stable and low-cost financing to local governments across the country, thereby playing a vital role in supporting the nation's municipal public finance. The specific bond under review carries the ISIN code JP351265AJD3 and originates from Japan. This fixed-income instrument is currently trading at par, evidenced by its market price of 100% of its face value, and is denominated in Japanese Yen (JPY). It features an annual interest rate of 0.66%, with interest payments scheduled once per year. The total offering size for this particular issuance amounts to JPY 10,000,000,000, while the minimum purchase quantity is set at JPY 100,000,000. Investors holding this bond will reach its maturity on January 26, 2038, at which point the principal will be repaid.