Bond IBRD-Global 0% ( XS0260423487 ) in JPY

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0260423487 ( in JPY )
Interest rate	0%
Maturity	24/07/2036
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Minimal amount	/
Total amount	600 000 000 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. An analysis of a specific debt instrument reveals details concerning a Japanese Yen (JPY) denominated bond, identified by ISIN code XS0260423487. The issuer of this bond is the International Bank for Reconstruction and Development (IBRD), a global development cooperative owned by 189 member countries; as one of the five institutions comprising the World Bank Group, IBRD provides loans and other assistance to middle-income and creditworthy poorer countries to support their sustainable development and poverty reduction efforts, and its financial instruments, including bonds, are generally considered highly secure due to its robust financial standing and implied backing by its member states. This particular bond, classified as an obligation, was originally issued in the United States, and its current market valuation stands at 100% of its face value, denominated in Japanese Yen (JPY). A notable characteristic is its stated interest rate of 0%, which, combined with the lack of specified payment frequency, strongly suggests a zero-coupon structure where the investor's return, if any, would be derived from the difference between the purchase price and the redemption value at its maturity on July 24, 2036. The total issuance size for this instrument is JPY 600,000,000.