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ItalianoBond Japan Expressway Holding and Debt Repayment Agency 0.541% ( JP370620BD41 ) in JPY
| Issuer | Japan Expressway Holding and Debt Repayment Agency | ||||||||
| Market price | 100 % ⇌ | ||||||||
| Country |  Japan
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| ISIN code |
 JP370620BD41 ( in JPY )
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| Interest rate | 0.541% per year ( payment 1 time a year) | ||||||||
| Maturity | 04/28/2023 - Bond has expired | ||||||||
| Minimal amount | 100 000 JPY | ||||||||
| Total amount | 160 000 000 000 JPY | ||||||||
| 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. An important development in the fixed-income landscape concerns the recent maturity and successful redemption of a particular bond issued by the Japan Expressway Holding and Debt Repayment Agency, identifiable by its ISIN code JP370620BD41. This debt instrument, a standard obligation denominated in Japanese Yen (JPY) and originating from Japan, reached its scheduled maturity date on April 28, 2023, thereby completing its cycle within the financial markets. The issuer, the Japan Expressway Holding and Debt Repayment Agency, is a critical governmental entity operating under the purview of Japan's Ministry of Land, Infrastructure, Transport and Tourism. Its core mandate encompasses the management, maintenance, and strategic development of the nation's extensive network of expressways, alongside the crucial responsibility of repaying the substantial debts accumulated from historical infrastructure construction projects. This dual role underscores its importance in ensuring both the operational efficiency and long-term financial viability of Japan's transportation backbone, with its debt instruments generally regarded for their high credit quality, often benefiting from the perceived stability and backing of the Japanese government. Regarding the bond's specifics, it carried an annual interest rate of 0.541%, providing a consistent yield to investors throughout its duration. The total issuance size for this bond was a considerable 160,000,000,000 JPY, reflecting the significant capital requirements for the Agency's ongoing operations and debt servicing. Investors were able to acquire this bond with a minimum purchase size of 100,000 JPY. Throughout its final phase, the bond traded at 100% of its par value, underscoring market confidence in its ultimate repayment. As confirmed, the obligation has now fully matured, and all principal amounts have been successfully repaid to the bondholders, marking a seamless conclusion to this particular financial commitment by the Japan Expressway Holding and Debt Repayment Agency. |
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