Bond IBRD-Global 6.9% ( XS0310416432 ) in NZD

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0310416432 ( in NZD )
Interest rate	6.9% per year ( payment time a year)
Maturity	25/08/2009 - Bond has expired
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Minimal amount	/
Total amount	10 000 000 NZD
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 article provides details on a specific obligation, identified by its ISIN code XS0310416432, issued by the International Bank for Reconstruction and Development (IBRD). The IBRD, a pivotal institution within the World Bank Group, functions as a global development cooperative owned by 189 member countries, primarily dedicated to reducing poverty in middle-income and creditworthy poorer countries by providing financial products and policy advice for sustainable development projects. This particular bond, originating from the United States, was denominated in New Zealand Dollars (NZD) and offered a fixed interest rate of 6.9%. With a total issuance size of 10,000,000 NZD, the instrument reached its maturity on August 25, 2009. While its reported market price at the time of maturity was 100%, reflecting the full repayment of principal, it is crucial to note that this bond has subsequently matured and has been fully redeemed, signifying that all obligations to bondholders, including the principal and any final interest accruals, have been settled and the bond is no longer outstanding; the details regarding payment frequency, while not specified, are now irrelevant given the instrument's complete lifecycle and redemption status.