Bond Japan Development Bank 0% ( XS1173952273 ) in USD

Issuer	Japan Development Bank
Market price	100 % ⇌
Country	Japan
ISIN code	XS1173952273 ( in USD )
Interest rate	0%
Maturity	28/01/2020 - Bond has expired
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Minimal amount	200 000 USD
Total amount	455 000 000 USD
Detailed description	The Development Bank of Japan (DBJ) is a Japanese government-owned financial institution that provides funding and other financial services to promote economic and industrial development in Japan. An analysis of the recently matured bond, ISIN XS1173952273, provides insight into the financing activities of the Development Bank of Japan (DBJ), a significant financial institution wholly owned by the Japanese government. As a policy-based financial institution, DBJ plays a crucial role in supporting the long-term growth and competitiveness of the Japanese economy, focusing on investment and loan provision for critical infrastructure, regional revitalization, and strategic industries, thereby contributing to sustainable development and addressing societal challenges. The specific bond in question, a zero-coupon obligation, was denominated in USD, with an initial total issuance size amounting to $455,000,000. It was issued from Japan, reflecting DBJ's capacity to access international capital markets for its funding needs. Characterized by its 0% interest rate, this bond, ISIN XS1173952273, was designed as a zero-coupon instrument, meaning investors typically acquired it at a discount to its face value, receiving the full principal amount upon maturity. The minimum size for individual purchases was set at $200,000. The bond reached its maturity on January 28, 2020, and has since been fully repaid to bondholders at 100% of its face value, signifying a successful and complete redemption of the issued principal amount and underscoring DBJ's robust financial standing and commitment to its debt obligations.