Bond IBRD-Global 0% ( XS1881902784 ) in ZAR

Issuer	IBRD-Global
Market price	100 % ⇌
Country	United States
ISIN code	XS1881902784 ( in ZAR )
Interest rate	0%
Maturity	28/09/2023 - Bond has expired
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Minimal amount	10 000 000 ZAR
Total amount	550 000 000 ZAR
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 analysis of a specific fixed-income instrument, identified by ISIN XS1881902784, reveals its recent successful maturity and repayment. This bond, issued by the International Bank for Reconstruction and Development (IBRD) from the United States, was denominated in South African Rand (ZAR) with a total issuance size of ZAR 550,000,000 and a minimum purchase size set at ZAR 10,000,000. Noteworthy for its 0% interest rate and a stated payment frequency of one, indicating a potential zero-coupon structure or a single payment at maturity, the instrument was fully redeemed upon its maturity date of September 28, 2023, after trading at 100% of its par value on the market. The issuer, the International Bank for Reconstruction and Development (IBRD), stands as a pivotal institution within the World Bank Group; it is a global development cooperative owned by 189 member countries, dedicated to reducing poverty and supporting sustainable development through providing financing, guarantees, risk management products, and analytical and advisory services to middle-income and creditworthy low-income countries, maintaining a top-tier credit profile supported by its multilateral ownership and robust financial policies, thereby ensuring the timely fulfillment of its obligations like the one detailed.