Bond Japan Municipal Finance Organization 0.527% ( JP351265SE41 ) in JPY

Issuer	Japan Municipal Finance Organization
Market price	100 % ⇌
Country	Japan
ISIN code	JP351265SE41 ( in JPY )
Interest rate	0.527% 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	5 500 000 000 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. This financial article details a recently matured bond, identified by ISIN JP351265SE41, issued by the Japan Finance Organization for Municipalities (JFM), a specialized financial institution established under Japanese law to provide stable and low-cost financing for the nation's local governments, thereby contributing to sound local administration and public welfare; this particular JPY-denominated bond, with an interest rate of 0.527% and an annual payment frequency, had a total issue size of JPY 5,500,000,000 with a minimum purchase size set at JPY 10,000,000, and achieved its maturity on May 27, 2022, at which point it was fully redeemed at its par value of 100%.