Bond IBRD-Global 0% ( XS0159844496 ) in JPY

Issuer	IBRD-Global
Market price	100 % ⇌
Country	United States
ISIN code	XS0159844496 ( in JPY )
Interest rate	0%
Maturity	07/01/2033
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Minimal amount	/
Total amount	1 000 000 000 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 recent market observation highlights a notable bond issuance by the International Bank for Reconstruction and Development (IBRD), identified by the ISIN code XS0159844496. The issuer, IBRD, stands as a cornerstone institution within the World Bank Group, globally recognized for its mission to provide financial and advisory support to middle-income and creditworthy poorer countries, thereby fostering sustainable development and poverty reduction; its bonds are widely considered among the safest instruments due to IBRD's strong credit profile and implicit backing from its sovereign shareholders. This particular obligation, denominated in Japanese Yen (JPY) and issued from the United States jurisdiction, presents a unique structural characteristic: it carries a zero percent (0%) interest rate, classifying it as a non-interest-bearing instrument, which means investors receive no periodic coupon payments throughout its life. Furthermore, despite its long-term maturity set for January 7, 2033, the bond is currently trading at 100% of its par value in the market, a combination implying a zero yield to maturity from its current price, and suggesting its primary appeal lies in capital preservation, its highly-rated issuer credit, or specific institutional portfolio mandates, rather than income generation or capital appreciation from an initial discount. With a total issuance size of JPY 1,000,000,000, this security represents a significant allocation within the JPY fixed-income market, with principal repayment scheduled solely at its definitive maturity date.