Bond IBRD-Global 7.6% ( XS0292122016 ) in ZAR

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0292122016 ( in ZAR )
Interest rate	7.6% per year ( payment time a year)
Maturity	10/05/2010 - Bond has expired
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Minimal amount	/
Total amount	66 000 000 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 noteworthy financial instrument, the bond identified by ISIN XS0292122016, issued by the International Bank for Reconstruction and Development (IBRD), has successfully reached its maturity. The IBRD, a core component of the World Bank Group, is a global development institution dedicated to reducing poverty and supporting development in middle-income and creditworthy poorer countries through financial assistance, policy advice, and technical support, largely funded by its bond issuances in international capital markets, thus making it a highly reputable issuer in global financial markets. This particular bond, denominated in South African Rand (ZAR) with a total issue size of 66,000,000 ZAR, originated from the United States market. It featured an annual interest rate of 7.6%. Having matured on May 10, 2010, the bond was fully redeemed at its par value, reflecting the 100% 'current market price' at the time of its final settlement, ensuring that investors received their principal back as expected upon the conclusion of its term. The frequency of interest payments, while not specified in the original record, would have adhered to standard fixed-income practices during its active life.