Bond IBRD-Global 0% ( XS0290542231 ) in JPY

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0290542231 ( in JPY )
Interest rate	0%
Maturity	19/03/2037
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Minimal amount	/
Total amount	500 000 000 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. This financial instrument, identified by ISIN code XS0290542231, is a bond denominated in Japanese Yen (JPY), issued from the United States by the International Bank for Reconstruction and Development (IBRD), a global development cooperative owned by 189 member countries and serving as the lending arm of the World Bank Group dedicated to reducing poverty and supporting development through the provision of loans, guarantees, risk management products, and analytical and advisory services to middle-income and creditworthy low-income countries, with its financial strength underscored by member countries' capital contributions and prudent financial management; this particular security is currently trading at 100% of its par value and, notably, features a 0% interest rate, classifying it as a zero-coupon bond, which implies that investors will not receive periodic interest payments but rather realize their returns through the difference between the purchase price and the bond's face value upon its maturity on March 19, 2037, or its sale price prior to maturity, with the total issue size for this offering amounting to JPY 500,000,000.