Bond Japan Municipal Finance Organization 0.892% ( JP351265EC56 ) in JPY

Issuer	Japan Municipal Finance Organization
Market price	100 % ⇌
Country	Japan
ISIN code	JP351265EC56 ( in JPY )
Interest rate	0.892% per year ( payment 1 time a year)
Maturity	27/05/2022 - Bond has expired
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Minimal amount	10 000 000 JPY
Total amount	40 000 000 000 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 informative review of the JP351265EC56 bond, issued by the Japan Finance Organization for Municipalities (JFM), a governmental financial institution established to provide stable and low-cost financing to local governments across Japan, reveals that this JPY-denominated obligation, with a total issue size of JPY 40,000,000,000 and a minimum purchase size of JPY 10,000,000, bore an interest rate of 0.892% with annual payments and successfully matured on May 27, 2022, at which point it was repaid at its 100% market value, concluding its lifecycle as a fully redeemed financial instrument issued from Japan.