Bond IBRD-Global 6.3% ( XS0257111228 ) in ZAR

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0257111228 ( in ZAR )
Interest rate	6.3% per year ( payment time a year)
Maturity	10/07/2009 - Bond has expired
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Minimal amount	/
Total amount	55 000 000 ZAR
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 its ISIN XS0257111228, was issued by the International Bank for Reconstruction and Development (IBRD), a critical component of the World Bank Group dedicated to fostering economic development and reducing poverty in middle-income and creditworthy poorer countries through financial products, policy advice, and technical assistance. This particular bond, originating from the United States, was denominated in South African Rand (ZAR) and carried an annual interest rate of 6.3% on a total issuance size of 55,000,000 ZAR. While its current market price is noted at 100%, this reflects its status of having reached its maturity date on July 10, 2009, at which point the obligation was fully redeemed, meaning the principal amount was repaid to bondholders as per its established terms.