Bond IBRD-Global 0% ( XS0123590803 ) in JPY

Issuer	IBRD-Global
Market price	100 % ⇌
Country	United States
ISIN code	XS0123590803 ( in JPY )
Interest rate	0%
Maturity	05/02/2026
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Minimal amount	/
Total amount	1 500 000 000 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 bond bearing the ISIN code XS0123590803, issued by the International Bank for Reconstruction and Development (IBRD), is currently observable in the financial markets. The International Bank for Reconstruction and Development, a vital institution within the World Bank Group, operates as a global development cooperative dedicated to fostering sustainable economic growth and reducing poverty in middle-income and creditworthy poorer countries. It achieves this mission by providing a comprehensive suite of financial products, policy advice, and technical assistance to its member states, with its robust bond issuance program serving as a fundamental mechanism to raise capital for these extensive global development initiatives. This specific debt instrument, denominated in Japanese Yen (JPY), encompasses a total issuance size of JPY 1,500,000,000 and is scheduled to mature on February 5, 2026. The bond was issued from the United States and is presently trading on the secondary market at 100% of its par value. A notable characteristic of this offering is its stated interest rate of 0%, coupled with the absence of a specified payment frequency for interest, indicating that this bond does not provide periodic coupon payments. Consequently, investors acquiring this bond at its current market price of 100% would primarily expect to receive the principal amount upon its maturity, a structure often associated with instruments issued in very low-yield environments or designed for specific liquidity management purposes rather than income generation.