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Japan to Issue 2-Year Fixed-Rate Treasury Bonds (490th Issue) with 1.9% Annual Interest

The Ministry of Finance announced the terms for the issuance of the 2-year Fixed-Rate Treasury Bonds (490th Issue). The bonds will be available for subscription from November 4 to November 27, Reiwa 8, with an annual interest rate of 1.9% before tax. The issue price is set at 100 yen and 6 sen per 100 yen of face value, and the bonds will mature on November 1, Reiwa 10.

Who is affected?

Individuals and entities looking to invest in Japanese government bonds.

What changes?

This is a new bond issuance, so there is no previous version to compare against.