Bond IBRD-Global 0% ( XS0408963501 ) in HKD

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0408963501 ( in HKD )
Interest rate	0%
Maturity	21/01/2010 - Bond has expired
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Minimal amount	/
Total amount	1 500 000 000 HKD
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 landscape reveals the specific details surrounding the bond identified by ISIN XS0408963501, an instrument issued by the International Bank for Reconstruction and Development (IBRD). As the primary lending arm of the World Bank Group, IBRD operates as a global development cooperative owned by 189 member countries, providing financial products and policy advice to help countries reduce poverty and extend the benefits of sustainable growth. The institution is a highly regarded issuer in international capital markets, leveraging its strong credit standing to raise funds for its development activities globally. This particular bond, designated as a zero-coupon obligation, carried a 0% interest rate, meaning no periodic interest payments were distributed to investors over its lifecycle. Denominated in Hong Kong Dollars (HKD), the issuance represented a substantial total size of HKD 1,500,000,000. Despite its issuance origin being the United States, its HKD denomination facilitated participation from a diverse investor base. The bond reached its full maturity on January 21, 2010, at which point it was successfully redeemed at 100% of its par value, marking the complete fulfillment of its obligations to bondholders and its orderly exit from the financial market.