Bond IBRD-Global 0% ( XS0340383842 ) in JPY

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0340383842 ( in JPY )
Interest rate	0%
Maturity	05/02/2038
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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. An analysis of a specific fixed-income instrument reveals key characteristics pertinent to the global debt market. This particular bond, identified by ISIN code XS0340383842, has been issued by the International Bank for Reconstruction and Development (IBRD). The IBRD, a cornerstone institution of the World Bank Group, serves as a global development cooperative owned by 189 member countries. Its primary mission is to reduce poverty and support development by providing financial products and policy advice to middle-income and creditworthy low-income countries, funding projects across various sectors including infrastructure, education, health, and environmental sustainability. Given its multilateral development bank status, IBRD bonds are generally regarded as high-quality, investment-grade instruments in the fixed-income landscape, reflecting the robust financial standing and creditworthiness of its member countries. The bond in question was issued from the United States and is denominated in Japanese Yen (JPY), with a total issuance size reaching 100,000,000 JPY. A notable feature of this security is its zero-coupon structure, indicating a 0% interest rate, which means the bond does not make periodic interest payments to bondholders; instead, investors are expected to derive their return from the difference between the purchase price and the bond's face value at maturity. As of the current market data, the bond is trading at 100% of its nominal value. Its long-term maturity date is set for February 5, 2038. Given the zero-coupon nature, the concept of payment frequency for interest payments is not applicable to this instrument, as all returns are realized at maturity. This type of bond may appeal to investors seeking a predefined lump-sum return at a distant future date, potentially for long-term planning or portfolio diversification, particularly those with a specific interest in JPY-denominated assets and a preference for predictable future cash flows without interim coupon payments.