Bond IBRD-Global 0% ( XS0348393876 ) in JPY

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0348393876 ( in JPY )
Interest rate	0%
Maturity	11/03/2038
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Minimal amount	/
Total amount	200 000 000 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 examination of the fixed-income market reveals details of a specific bond issuance, identified by its ISIN XS0348393876. This debt instrument has been issued by the International Bank for Reconstruction and Development (IBRD), a prominent financial institution recognized globally for its pivotal role in international development. As a core component of the World Bank Group, IBRD is dedicated to reducing poverty and supporting sustainable development in middle-income and creditworthy poorer countries, underpinned by a strong credit profile widely acknowledged in the financial community, underscoring the reliability of its financial obligations. The bond originates from the United States, indicating its legal domicile of issuance. Currently, its market price stands precisely at 100% of its face value, reflecting its trading at par. Denominated in Japanese Yen (JPY), the total principal amount issued for this particular series is 200,000,000 JPY. A distinctive feature of this bond is its 0% interest rate, classifying it as a zero-coupon bond. This means investors do not receive periodic interest payments; instead, the return is typically realized through the difference between the purchase price and the face value received at maturity, or simply the face value itself if purchased at a discount. The bond is set to mature on March 11, 2038, establishing it as a long-term debt instrument. Given its zero-coupon nature, the traditional concept of 'payment frequency' for interest coupons is not applicable, as the full principal repayment occurs only at the maturity date.