Bond Japan Municipal Finance Organization 0.977% ( JP351265DC40 ) in JPY

Issuer	Japan Municipal Finance Organization
Market price	100 % ⇌
Country	Japan
ISIN code	JP351265DC40 ( in JPY )
Interest rate	0.977% per year ( payment 1 time a year)
Maturity	22/04/2022 - Bond has expired
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Minimal amount	100 000 JPY
Total amount	45 000 000 000 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 overview of the bond issued by the Japan Finance Organization for Municipalities (JFM), identified by ISIN JP351265DC40, details its financial specifications and recent redemption. This fixed-income instrument, denominated in Japanese Yen (JPY), carried an annual interest rate, or coupon, of 0.977% with a payment frequency of one time per year. The total issue size for this bond was JPY 45,000,000,000, with a minimum purchase amount set at JPY 100,000. Originating from Japan, the bond reached its scheduled maturity date on April 22, 2022. At maturity, its market price stood at 100% of its par value, indicating full principal repayment. The Japan Finance Organization for Municipalities (JFM) is a vital government-affiliated financial institution within Japan, established to provide stable, long-term, and low-interest funding for local governments. Its primary role involves supporting various public works projects and enhancing the financial health of Japan's municipalities through secure financing. This particular bond has successfully matured and been fully redeemed, concluding its lifecycle.