Bond IBRD-Global 0% ( US45905UTT15 ) in USD

Issuer	IBRD-Global
Market price	100 % ⇌
Country	United States
ISIN code	US45905UTT15 ( in USD )
Interest rate	0%
Maturity	15/11/2020 - Bond has expired
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Minimal amount	/
Total amount	1 120 000 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 overview of a specific fixed-income instrument, ISIN US45905UTT15, reveals its characteristics and lifecycle within the debt market. The issuer of this bond is the International Bank for Reconstruction and Development (IBRD), a global development cooperative owned by 189 member countries. As a core institution of the World Bank Group, IBRD's primary mission is to reduce poverty in middle-income and creditworthy poorer countries by promoting sustainable development through loans, guarantees, risk management products, and analytical and advisory services. Its robust financial standing, backed by its member countries, typically confers a high credit rating on its debt instruments, making them attractive to a wide range of investors seeking stability and security. Identified as a bond, this particular security was denominated in U.S. Dollars (USD) and originated from the United States as its country of issuance. Notably, the bond featured a 0% interest rate, indicating it was either a zero-coupon instrument or a note structured without periodic coupon payments, consistent with the absence of a stated payment frequency. The total size of this issuance amounted to 1,120,000 USD. Its definitive maturity date was set for November 15, 2020. As of the provided information, this bond successfully reached its maturity date and was fully redeemed at its par value of 100%.