Bond Japan Municipal Finance Organization 0.02% ( JP351265SH48 ) in JPY

Issuer	Japan Municipal Finance Organization
Market price	100 % ⇌
Country	Japan
ISIN code	JP351265SH48 ( in JPY )
Interest rate	0.02% per year ( payment 1 time a year)
Maturity	28/03/2023 - 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 examination of the bond identified by ISIN JP351265SH48 reveals it to be a Japanese Yen (JPY) denominated obligation, issued by the Japan Finance Organisation for Municipalities (JFM), a distinguished public financial institution established under Japanese law with the primary objective of providing stable, long-term, and cost-effective financing to local governments throughout Japan. This specific bond, which carried an annual interest rate of 0.02% and had an initial total issue size of JPY 3,000,000,000, with a minimum purchase amount of JPY 10,000,000, was issued from Japan and has since reached its scheduled maturity on March 28, 2023, and was redeemed at its par value of 100%, having made its single annual interest payment as scheduled.