Bond Japan Municipal Finance Organization 1.668% ( JP351265DDC2 ) in JPY

Issuer	Japan Municipal Finance Organization
Market price	100 % ⇌
Country	Japan
ISIN code	JP351265DDC2 ( in JPY )
Interest rate	1.668% per year ( payment 1 time a year)
Maturity	28/12/2033
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Minimal amount	10 000 000 JPY
Total amount	20 000 000 000 JPY
Next Coupon	28/12/2026 ( In 142 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 noteworthy fixed-income instrument, identified by ISIN JP351265DDC2, is currently available on the market, originating from the Japan Finance Organization for Municipalities (JFM), a crucial entity within Japan's public finance landscape. JFM, an independent administrative agency established under Japanese law, plays a pivotal role in providing long-term, low-interest financing to local governments across Japan, thereby supporting vital public services and infrastructure development. This bond, issued out of Japan and denominated in Japanese Yen (JPY), is presently trading at 100% of its par value, indicating it is priced at face value. It carries an annual coupon rate of 1.668% with a payment frequency of one, implying annual interest distributions. The total issuance size for this tranche is substantial, amounting to JPY 20,000,000,000, catering to institutional and high-net-worth investors, with a stipulated minimum purchase size of JPY 10,000,000. Investors holding this security can anticipate its maturity on December 28, 2033, when the principal amount will be repaid.