Bond IBRD-Global 0% ( XS0284762720 ) in JPY

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0284762720 ( in JPY )
Interest rate	0%
Maturity	06/02/2037
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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. An interesting bond issuance from the International Bank for Reconstruction and Development (IBRD) is currently under market scrutiny. The IBRD, a global development cooperative owned by 189 member countries, serves as the lending arm of the World Bank Group, dedicated to reducing poverty and supporting development by providing financial products and policy advice to middle-income and creditworthy low-income countries. This specific bond, identified by ISIN XS0284762720, originated from an issuance in the United States and is denominated in Japanese Yen (JPY). The total issue size stands at JPY 1,000,000,000. Noteworthy for its structure, this instrument is a zero-coupon bond, carrying a 0% interest rate, meaning no periodic interest payments are made to bondholders. It is set to mature on February 6, 2037. The current market price for this bond is observed at 100% of its par value, which, given its zero-coupon nature and 0% interest rate, implies a yield to maturity of effectively zero percent for investors acquiring it at this price.