Bond Japan Municipal Finance Organization 0.487% ( JP351265CMP7 ) in JPY

Issuer	Japan Municipal Finance Organization
Market price	100 % ⇌
Country	Japan
ISIN code	JP351265CMP7 ( in JPY )
Interest rate	0.487% per year ( payment 1 time a year)
Maturity	18/11/2041
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	10 000 000 JPY
Total amount	8 500 000 000 JPY
Next Coupon	18/11/2026 ( In 102 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. A prominent fixed-income instrument, identified by ISIN JP351265CMP7, has been issued by the Japan Finance Organization for Municipalities (JFM). JFM stands as a crucial quasi-governmental entity in Japan, established under special law to provide stable and low-cost financing for the nation's local public bodies. Its primary role is to ensure the smooth and efficient operation of municipal finance by acting as a central funding agency for prefectures and municipalities, thereby contributing to the overall stability of the Japanese public sector. Due to its integral function and close ties to the Japanese government, bonds issued by JFM are generally perceived as having strong credit quality, often paralleling that of sovereign debt. This specific bond, denominated in Japanese Yen (JPY), features a coupon rate of 0.487% and is currently trading at its par value of 100% in the market. Originating from Japan, the total issue size for this bond amounts to JPY 8,500,000,000, with a minimum purchase size set at JPY 10,000,000. It carries a long-term maturity profile, set to mature on November 18, 2041, providing investors with a stable, extended income stream. Interest payments are scheduled annually, with a frequency of 1, aligning with common practices for long-duration fixed-income securities in the Japanese market.