Bond IBRD-Global 0% ( XS0175441442 ) in JPY

Issuer	IBRD-Global
Market price	100 % ⇌
Country	United States
ISIN code	XS0175441442 ( in JPY )
Interest rate	0%
Maturity	16/09/2033
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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 fixed-income instrument identified by ISIN XS0175441442 is currently under market observation. This bond was issued by the International Bank for Reconstruction and Development (IBRD), a core institution within the World Bank Group. The IBRD's primary mandate is to reduce poverty in middle-income and creditworthy poorer countries by fostering sustainable development through financial products such as loans and guarantees, risk management solutions, and a range of analytical and advisory services, underscoring its pivotal role in global development finance. The bond is denominated in Japanese Yen (JPY) and uniquely features an interest rate of 0%. This characteristic signifies it as a zero-coupon bond, meaning it does not disburse periodic interest payments; instead, any potential return for investors is typically realized through the difference between its purchase price and its face value upon redemption. The total issuance size for this specific security stands at JPY 1,000,000,000. Originating from the United States, the bond is scheduled to reach its maturity date on September 16, 2033. Its current market price is quoted at 100% of its face value, indicating it is trading at par, which for a zero-coupon instrument implies an effective yield to maturity of 0% under current market conditions. The absence of a specified payment frequency aligns with its zero-coupon structure, where the principal amount is returned in full at maturity.