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ItalianoBond Japan Expressway Holding and Debt Repayment Agency 0.15% ( JP370620AP63 ) in JPY
| Issuer | Japan Expressway Holding and Debt Repayment Agency | ||||
| Market price |  100 % ▲ |
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| Country |  Japan
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| ISIN code |
 JP370620AP63 ( in JPY )
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| Interest rate | 0.15% per year ( payment 1 time a year) | ||||
| Maturity | 06/30/2028 | ||||
| Minimal amount | / | ||||
| Total amount | / | ||||
| Next Coupon | 06/30/2027 ( In 247 days ) | ||||
| Detailed description |
The Japan Expressway Holding and Debt Repayment Agency (NEXCO) is a government-owned corporation responsible for managing and maintaining Japan's expressway network and repaying related debts. This financial article provides an overview of a specific fixed-income security, identified by the International Securities Identification Number (ISIN) JP370620AP63, issued by the Japan Expressway Holding and Debt Repayment Agency. This pivotal governmental entity, headquartered in Japan, holds the critical mandate for the comprehensive management, construction, and maintenance of the nation's extensive expressway network, alongside the strategic repayment of associated public debt, thereby serving as a robust guarantor of the underlying credit quality for its financial obligations. The bond itself is denominated in Japanese Yen (JPY) and carries a fixed annual interest rate of 0.15%, reflecting the prevailing low-yield environment characteristic of the Japanese bond market. Interest payments are scheduled annually, offering investors a consistent income stream. With a defined maturity date of June 30, 2028, at which point the principal amount will be fully redeemed, the instrument is currently trading at 100% of its face value on the market, signifying that it is priced at par and that its yield to maturity closely aligns with its coupon rate, positioning it as a stable, albeit modestly yielding, investment option within the Japanese public sector debt landscape. |
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