Bond IBRD-Global 0% ( XS0311711138 ) in JPY

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0311711138 ( in JPY )
Interest rate	0%
Maturity	31/07/2037
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Minimal amount	/
Total amount	100 000 000 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. Investors are monitoring a notable fixed-income instrument, identified by its ISIN XS0311711138, which is an obligation issued by the International Bank for Reconstruction and Development (IBRD). As a core institution of the World Bank Group, IBRD plays a crucial role in global development by providing financial products and policy advice to middle-income and creditworthy low-income countries, aiming to reduce poverty and support sustainable development through long-term loans and other financial assistance, thereby representing a highly stable and respected issuer in the international capital markets due to its multilateral nature and strong backing from member countries. This particular bond, issued out of the United States, is currently trading at a market price of 100%, indicating it is at par, and is denominated in Japanese Yen (JPY). A key characteristic of this instrument is its 0% interest rate, signifying it as a zero-coupon bond, meaning investors do not receive periodic interest payments but instead expect to receive the full principal amount at its maturity. The total size of this issuance amounts to JPY 100,000,000, and its maturity date is set for July 31, 2037; consequently, due to its zero-coupon structure, there is no specified payment frequency for interest, as the entire return is realized at redemption.