Bond IBRD-Global 0.5% ( XS0622272903 ) in ZAR

Issuer IBRD-Global
Market price 100 %  ▲ 
Country  United States
ISIN code  XS0622272903 ( in ZAR )
Interest rate 0.5% per year ( payment time a year)
Maturity 09/05/2016 - Bond has expired



Prospectus brochure in PDF format is unavailable at this time
We will provide it as soon as possible

Minimal amount /
Total amount 1 172 000 000 ZAR
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 in-depth review of a specific financial instrument, identified as a bond under ISIN XS0622272903, reveals its full life cycle completion. This obligation was issued by the International Bank for Reconstruction and Development (IBRD), a pivotal institution within the World Bank Group. The IBRD operates as a global development cooperative, owned by 189 member countries, primarily focused on reducing poverty and supporting sustainable development in middle-income and creditworthy low-income countries through financial products, policy advice, and technical assistance. Its operational funding is predominantly sourced from international capital markets via the issuance of debt instruments like this one, leveraging its robust credit standing to channel resources into critical global development initiatives. The bond in question, issued from the United States, represented a substantial financial undertaking with a total issue size of 1,172,000,000 South African Rand (ZAR). It featured a fixed interest rate, or coupon, of 0.5%. While the precise frequency of interest payments is not detailed in this particular record, such terms are standard components of bond prospectuses at the time of issuance. The instrument reached its scheduled maturity date on May 9, 2016. As confirmed, this bond has subsequently been fully redeemed, signifying the complete repayment of its principal to bondholders. Its recorded market price at the time of redemption was 100% of its face value, underscoring its successful completion at par.