Bond IBRD-Global 0% ( XS0935034149 ) in USD

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0935034149 ( in USD )
Interest rate	0%
Maturity	31/12/2099
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Minimal amount	/
Total amount	30 000 000 USD
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. A prominent fixed-income instrument currently observable in the financial markets is a bond bearing the ISIN code XS0935034149, issued by the International Bank for Reconstruction and Development (IBRD). The issuer, IBRD, stands as a cornerstone institution within the World Bank Group, established in 1944 with a core mandate to reduce poverty and support sustainable development in middle-income and creditworthy poorer countries. It achieves this through a comprehensive suite of financial and advisory services, including loans and guarantees. As a supranational entity, IBRD's debt obligations benefit from the robust backing of its member nations, affording them a credit quality often equated with highly-rated sovereign debt. This particular bond, denominated in United States Dollars (USD), is presently trading at 100% of its nominal value, indicating it is at par in the market. A defining characteristic of this issuance is its zero-coupon structure, evidenced by its 0% interest rate. This implies that investors will not receive recurring interest payments; rather, the return is anticipated from the difference between the purchase price and the principal amount repaid at its distant maturity. The total size of this bond issuance is 30,000,000 units, and it features an exceptionally long maturity date of December 31, 2099. Issued from the United States, this instrument's terms underscore its unique position within the global bond landscape, with the absence of periodic payments fully consistent with its zero-coupon design, ensuring that the full principal amount is due to bondholders only at the end of its multi-decade term.