Bond Japan Municipal Finance Organization 0.12% ( JP351265PJ49 ) in JPY

Issuer	Japan Municipal Finance Organization
Market price	100 % ⇌
Country	Japan
ISIN code	JP351265PJ49 ( in JPY )
Interest rate	0.12% per year ( payment 1 time a year)
Maturity	28/05/2026 - Bond has expired
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Minimal amount	10 000 000 JPY
Total amount	3 000 000 000 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 in-depth look at a specific debt instrument reveals a bond issued by the Japan Finance Organization for Municipalities (JFM), a crucial public financial institution in Japan specifically established to provide stable, long-term, and low-interest funding to local governments across the nation for their public works, infrastructure development, and various essential services, thereby playing a pivotal role in regional development and financial stability. This Japanese-issued bond, identified by ISIN JP351265PJ49, is currently trading at par, reflecting its 100% market price, and is denominated in Japanese Yen (JPY). It carries a coupon rate of 0.12% with payments distributed annually. The total issue size for this particular offering is JPY 3,000,000,000, with a minimum purchase requirement set at JPY 10,000,000, and is scheduled to reach maturity on May 28, 2026.