Bond IBRD-Global 0% ( XS0120436356 ) in JPY

Issuer	IBRD-Global
Market price	100 % ⇌
Country	United States
ISIN code	XS0120436356 ( in JPY )
Interest rate	0%
Maturity	31/12/2099
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Minimal amount	/
Total amount	2 100 000 000 JPY
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 Comprehensive Analysis of the IBRD Long-Dated Zero-Coupon Bond (ISIN: XS0120436356) This report details a unique debt instrument issued by the International Bank for Reconstruction and Development (IBRD), distinguished by its exceptionally long maturity and a zero-coupon structure. As a critical component of its funding strategy, this bond represents an intriguing offering within the global financial markets. The Issuer: International Bank for Reconstruction and Development (IBRD) The International Bank for Reconstruction and Development (IBRD) stands as a cornerstone of the World Bank Group, an institution dedicated to reducing poverty and supporting development across the globe. Established in 1944, IBRD provides financial products and policy advice to middle-income and creditworthy low-income countries, fostering sustainable development through investments in areas such as education, health, infrastructure, and environmental protection. The institution funds its operations primarily through bond issuances in international capital markets, benefiting from a robust credit rating typically reflecting the strong support from its member countries and prudent financial management. Its mandate is to promote shared prosperity and end extreme poverty by offering financial assistance and analytical services that address complex development challenges. Key Bond Specifications and Market Profile The bond, identified by its ISIN: XS0120436356, is classified as an obligation, or debt instrument. It was issued by the IBRD from the United States and denominated in Japanese Yen (JPY), with a substantial total issue size of JPY 2,100,000,000. A defining characteristic of this particular bond is its interest rate of 0%, which designates it as a zero-coupon bond, meaning investors do not receive periodic interest payments. Instead, the return on investment for such instruments typically derives from the difference between the purchase price and the face value received at maturity. However, its current market price is quoted at 100% of par, implying that it is currently trading at its principal amount. The bond carries an extraordinary maturity date of December 31, 2099, positioning it as one of the longest-dated instruments available in the market, extending well into the next century. The absence of a specified payment frequency for a zero-coupon bond is consistent with its structure, as there are no interim coupon disbursements; the full principal amount is to be repaid at the very distant maturity date. This combination of a zero-coupon structure, a par market price, and an extremely long tenor makes the bond a highly specialized asset, potentially appealing to institutional investors with specific long-term liability matching strategies or those operating within unique regulatory or accounting frameworks.