Bond IBRD-Global 0% ( XS0351211619 ) in JPY

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0351211619 ( in JPY )
Interest rate	0%
Maturity	17/03/2038
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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 examination of the financial markets reveals details of a specific bond issuance, identified by its ISIN code XS0351211619. This bond is issued by the International Bank for Reconstruction and Development (IBRD), a prominent global development institution and a core component of the World Bank Group. Established in the United States, IBRD's primary mission is to reduce poverty in middle-income and creditworthy poorer countries by promoting sustainable development through financial products, policy advice, and technical assistance. This particular bond, denominated in Japanese Yen (JPY), stands out due to its zero-coupon structure, indicating a 0% interest rate and, consequently, no periodic coupon payments. The total issuance size for this bond is 100,000,000 JPY. Currently, the bond is trading at par, with a market price of 100% of its face value. Investors in this instrument will receive the full principal amount at its maturity date, which is scheduled for March 17, 2038. The absence of a specified payment frequency further solidifies its characteristic as a zero-coupon bond, where returns are realized at redemption.