Bond IBRD-Global 0% ( XS0953579892 ) in EUR

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0953579892 ( in EUR )
Interest rate	0%
Maturity	31/12/2099
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Minimal amount	/
Total amount	23 000 000 EUR
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 notable fixed-income instrument, identified by the International Securities Identification Number (ISIN) XS0953579892, is currently a subject of interest in the debt capital markets. This specific bond is issued by the International Bank for Reconstruction and Development (IBRD), a cornerstone institution within the World Bank Group. Established in 1944, the IBRD plays a crucial role in global development finance, primarily focused on reducing poverty in middle-income and creditworthy poorer countries. It achieves this through the provision of loans, guarantees, risk management products, and analytical and advisory services, all aimed at promoting sustainable development and economic growth. As a supranational organization, IBRD benefits from exceptionally strong financial backing, underpinned by callable capital subscriptions from its 189 member countries, which typically results in it maintaining top-tier credit ratings, often AAA/Aaa, from major rating agencies. This robust financial standing solidifies its reputation as one of the most reliable and highly rated issuers in international financial markets, lending significant creditworthiness to its debt instruments. The bond originates from an issuance jurisdiction in the United States, a primary global financial hub. It is currently trading on the market at 100% of its par value, indicating that its present market price aligns precisely with its face amount, without any premium or discount. The bond is denominated in Euros (EUR), providing investors with exposure to the Eurozone currency. A distinct characteristic of this particular offering is its zero-coupon nature, as indicated by a 0% interest rate. This implies that the bond does not disburse periodic interest payments to bondholders. Instead, for a bond purchased at par, the investor's return comes solely from the repayment of the principal amount at maturity, without any ongoing yield generated from interest. The total size of this specific bond issue amounts to 23,000,000 Euros, representing the aggregate principal amount of the offering available to investors. With an exceptionally long maturity date of December 31, 2099, this bond is classified as an ultra-long-dated or virtually perpetual instrument. Such an extended maturity profile carries significant duration risk but can be particularly appealing to institutional investors seeking to match extremely long-term liabilities or those with a distant investment horizon. Due to its zero-coupon structure, the concept of a regular interest payment frequency is not applicable for this financial instrument, as no periodic interest disbursements are made to bondholders throughout its very long lifespan.