Bond IBRD-Global 5.6% ( XS1383509244 ) in INR

Issuer IBRD-Global
Market price 100 %  ▲ 
Country  United States
ISIN code  XS1383509244 ( in INR )
Interest rate 5.6% per year ( payment time a year)
Maturity 23/04/2019 - Bond has expired



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Minimal amount /
Total amount 850 000 000 INR
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 insightful review of a specific debt instrument, the bond identified by ISIN XS1383509244, reveals key characteristics and its concluded lifecycle. Issued by the International Bank for Reconstruction and Development (IBRD), a pivotal institution within the World Bank Group, this bond exemplifies the funding mechanisms employed by multilateral development banks. The IBRD's mandate is to reduce poverty and support development through financial and technical assistance to middle-income and creditworthy poorer countries, raising most of its capital in the international financial markets through bond issuances like this one. This particular obligation was denominated in Indian Rupees (INR) with a total issue size amounting to 850,000,000 INR. The bond offered a fixed annual interest rate of 5.6 percent to its holders, providing a consistent income stream throughout its duration. While issued from the United States, its INR denomination underscored its appeal to investors seeking exposure to or denominated in the Indian currency. The instrument reached its scheduled maturity date on April 23, 2019. Upon maturity, the bond was successfully redeemed at its par value, as indicated by a 100% market price at the time of its repayment. This confirms the complete and timely fulfillment of the issuer's obligations to its bondholders, marking the successful conclusion of this particular financial instrument's term in the market.