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ItalianoBond IBRD-Global 0% ( US45905UFK51 ) in USD
| Issuer | IBRD-Global | ||
| Market price | 100 % ⇌ | ||
| Country |  United States
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| ISIN code |
 US45905UFK51 ( in USD )
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| Interest rate | 0% | ||
| Maturity | 21/11/2022 - Bond has expired | ||
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| Minimal amount | / | ||
| Total amount | 10 000 000 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. A recent financial update confirms the successful maturity and full redemption of a specific bond issuance, identified by ISIN code US45905UFK51. This debt instrument was issued by the International Bank for Reconstruction and Development (IBRD), a crucial global development institution and a core member of the World Bank Group, dedicated to providing financial products and policy advice to developing countries. Denominated in United States Dollars (USD) and originating from the United States, the bond represented a total issue size of USD 10,000,000. Distinctively, it featured a stated interest rate of 0%, characterizing it as a zero-coupon instrument or a discount note, where the return for investors would typically be realized through the difference between the discounted issue price and its par value at maturity, rather than periodic interest payments. Despite an indicated payment frequency of 2, this aligns with the zero-coupon nature where only the principal is repaid at term. The bond reached its maturity on November 21, 2022, at which point it was repaid at 100% of its face value, signifying a complete and orderly settlement to its holders and reinforcing the reliability of debt obligations from highly-rated multilateral entities like IBRD. |
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