Bond IBRD-Global 0.4% ( XS0863857248 ) in USD

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0863857248 ( in USD )
Interest rate	0.4% per year ( payment time a year)
Maturity	31/12/2099
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Minimal amount	/
Total amount	38 000 000 USD
Next Coupon	07/01/2026 ( In 116 days )
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. This financial article provides a detailed examination of a specific bond issuance, identified by its ISIN XS0863857248. This fixed-income security, characterized by its exceptionally long maturity and a relatively low coupon, offers insight into prevailing market conditions and the funding strategies of a prominent international institution. The bond's issuer is IBRD, the International Bank for Reconstruction and Development. As a vital component of the World Bank Group, IBRD serves as a global development cooperative owned by 189 member countries. Its primary mission is to reduce poverty and support sustainable development in middle-income and creditworthy poorer countries worldwide. IBRD achieves this by providing financial products and policy advice, including low-interest loans, interest-free credits, and grants. The institution raises the majority of its funds through the issuance of bonds in international capital markets, leveraging its strong credit rating, which is underpinned by robust shareholder support and conservative financial management. Its issuances are generally considered to be of high credit quality due to its unique status as a multilateral development bank with preferred creditor status, allowing it to access funding at highly competitive rates. The bond in question is classified as an obligation, a standard term for a debt security. It carries the unique ISIN XS0863857248, precisely distinguishing it within the global financial markets. The bond is denominated in United States Dollars (USD), indicating that all principal and interest payments are to be made in this currency, thereby exposing investors to USD exchange rate fluctuations if their base currency is different. The country of issuance is listed as the United States, signifying the jurisdiction under which the bond was initially offered and where its legal framework applies. Currently, the bond is trading at 100% of its face value on the market, indicating it is trading at par. This suggests that the bond's coupon rate is aligned with current market yields for comparable instruments, or that sufficient demand exists to maintain its price at its nominal value. The stated interest rate, or coupon, is 0.4%. This represents the annual coupon paid to bondholders on the principal amount. This constitutes a relatively low yield, which is characteristic of highly-rated issuers in certain low-interest-rate environments or for bonds with specific tax or regulatory advantages due to the issuer's creditworthiness. The total size of this particular issuance is 38,000,000 USD, a moderate amount for an institutional bond offering, allowing for a certain degree of liquidity in secondary markets. A particularly notable feature of this bond is its extraordinarily long maturity date of December 31, 2099. This makes it an ultra-long-dated instrument, appealing primarily to institutional investors with long-term liabilities or those seeking highly stable, albeit low-yielding, cash flows over an extended period, effectively spanning nearly 76 years from the current date. The frequency of interest payment was not specified in the provided data. In summary, the IBRD bond with ISIN XS0863857248 represents a USD-denominated, long-dated debt instrument issued by a highly reputable multilateral development bank. Its 0.4% coupon and par market price reflect current market conditions and the issuer's strong credit profile. With a maturity extending to the very end of the century, this bond provides a rare example of a fixed-income security designed for very long-term investment horizons, reflecting the issuer's stable funding needs and the market's appetite for highly creditworthy debt.