Bond IBRD-Global 0% ( US45905UEF75 ) in USD

Issuer	IBRD-Global
Market price	100 % ⇌
Country	United States
ISIN code	US45905UEF75 ( in USD )
Interest rate	0%
Maturity	31/12/2099
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Minimal amount	/
Total amount	20 000 000 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. An analysis of the bond identified by ISIN US45905UEF75 reveals a distinctive security issued by the International Bank for Reconstruction and Development (IBRD), a prominent entity within the World Bank Group. The IBRD stands as a global development cooperative owned by 189 member countries, dedicated to reducing poverty and supporting development through financial and technical assistance to middle-income and creditworthy low-income countries. As a highly rated multilateral development bank, IBRD bonds are often considered a benchmark for high-quality, stable investments in the fixed-income market, appealing to institutional investors, central banks, and a broad range of portfolios seeking diversification and safety, underpinned by the strong support of its member states. This specific bond, issued from the United States and denominated in US Dollars (USD), presents notable characteristics, including a substantial total issue size of $20,000,000. Its maturity date is set for December 31, 2099, positioning it as an ultra-long-term debt instrument with a horizon extending nearly eight decades, which inherently exposes it to significant duration risk. A key feature of this bond is its stated interest rate of 0%, indicating it functions as a zero-coupon bond, where investors typically derive their return from the difference between the discounted purchase price and the par value received at maturity; however, the current market price of the bond is quoted at 100% of its par value, implying no inherent yield if purchased at this price and held to its distant maturity, an unusual characteristic for a long-dated security which suggests it may be a specific type of structured note, a principal-protected bond, or one whose market value is derived from factors beyond conventional yield mechanics, as there are no periodic coupon payments anticipated.