Bond Japan Municipal Finance Organization 0.04% ( JP351265BJ45 ) in JPY

Issuer	Japan Municipal Finance Organization
Market price	100 % ⇌
Country	Japan
ISIN code	JP351265BJ45 ( in JPY )
Interest rate	0.04% per year ( payment 1 time a year)
Maturity	28/04/2023 - Bond has expired
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Minimal amount	10 000 000 JPY
Total amount	10 000 000 000 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. An analysis of the recently matured bond issuance by the Japan Finance Organization for Municipalities (JFM), identified by ISIN JP351265BJ45, provides insight into a debt instrument that has completed its lifecycle in the market; the issuer, JFM, a critical public financial institution established under Japanese law, is primarily tasked with providing stable and low-cost financing to local governments across Japan, thereby supporting regional development and public services, and this specific bond, issued in Japan and denominated in Japanese Yen (JPY), carried a coupon rate of 0.04% with annual payment frequency, representing a total issuance size of JPY 10,000,000,000 and a minimum purchase size set at JPY 10,000,000. With its maturity date on April 28, 2023, and having been noted at a market price of 100%, this obligation has successfully reached its scheduled maturity and has been duly redeemed.