Bond IBRD-Global 0% ( US45905UC779 ) in USD

Issuer	IBRD-Global
Market price	100 % ⇌
Country	United States
ISIN code	US45905UC779 ( in USD )
Interest rate	0%
Maturity	31/12/2099
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Minimal amount	/
Total amount	50 000 000 USD
Detailed description	The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans and advice to middle-income and creditworthy low-income countries for development projects. The following article provides a detailed overview of a specific bond issuance: A long-term financial instrument, identified by its unique ISIN code US45905UC779, has been issued by the International Bank for Reconstruction and Development (IBRD). As a pivotal component of the World Bank Group, the IBRD serves as a global development cooperative that provides financing and knowledge for developing countries. Its primary mission involves reducing poverty and supporting sustainable development by offering loans, guarantees, risk management products, and analytical and advisory services to middle-income and creditworthy poorer countries. IBRD's financial strength, underpinned by capital subscriptions from its 189 member countries, typically grants its debt instruments high credit ratings, making them a significant component in the portfolios of institutional investors worldwide seeking stability and impact. This particular bond, denominated in United States Dollars (USD), originates from the United States. It stands out with an exceptionally long maturity date set for December 31, 2099, positioning it as an ultra-long-dated debt instrument. A distinct characteristic of this bond is its 0% interest rate, which signifies that the instrument does not provide periodic coupon payments to investors. Furthermore, its current market price is quoted at 100% of its par value. The total aggregate size of this issuance amounts to USD 50,000,000. The absence of periodic coupon payments, combined with its current trading at par, means that investors acquiring this bond at its current market price would not accrue income from interest over its term. This structure could appeal to specific investor mandates, potentially those focused on principal preservation over an extended horizon or those with particular tax or regulatory considerations where a non-income generating, long-dated asset is advantageous.