Bond IBRD-Global 0% ( XS1232210523 ) in USD

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS1232210523 ( in USD )
Interest rate	0%
Maturity	31/12/2099
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	/
Total amount	40 000 000 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 detailed examination of a noteworthy fixed-income instrument reveals an offering from a prominent multilateral development bank, the International Bank for Reconstruction and Development (IBRD). This specific bond, identified by its unique International Securities Identification Number (ISIN) XS1232210523, originates from the United States jurisdiction and is denominated in U.S. Dollars (USD). The IBRD, a cornerstone of the World Bank Group, is a global development cooperative owned by 189 member countries, dedicated to reducing poverty in middle-income and creditworthy poorer countries by promoting sustainable development through loans, guarantees, risk management products, and analytical and advisory services. This particular bond issue stands out for several key characteristics. It is classified as an obligation, or bond, and carries a nominal interest rate of 0%, categorizing it as a zero-coupon bond. This implies that investors do not receive periodic interest payments; instead, their return is realized through the difference between the purchase price and the bond's par value upon redemption at maturity, or through potential capital appreciation if sold prior to its maturity date. The current market price for this instrument is quoted at 100% of its face value, indicating it is trading at par. Furthermore, the bond features an exceptionally long maturity date, set for December 31, 2099. This extended duration positions it as a very long-term investment vehicle, appealing to investors with an extremely protracted investment horizon. The total size of this particular issuance is substantial, amounting to 40,000,000 units. Consistent with its zero-coupon nature, no specific frequency for coupon payments is listed, as the bond is structured to pay its principal value, and the accrued interest (if purchased at a discount), only at maturity.