Bond IBRD-Global 0% ( XS2675769041 ) in USD

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS2675769041 ( in USD )
Interest rate	0%
Maturity	05/09/2063
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Minimal amount	/
Total amount	100 000 000 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. The financial markets are currently observing an interesting issuance in the debt securities sector, with the International Bank for Reconstruction and Development (IBRD) as the issuer of a bond identified by the ISIN code XS2675769041. The International Bank for Reconstruction and Development (IBRD) is a global development cooperative owned by 189 member countries, serving as the original institution of the World Bank Group; established in 1944, IBRD's primary mission is to reduce poverty and support sustainable development by providing financial products and policy advice to middle-income and creditworthy low-income countries. IBRD raises the majority of its capital from international financial markets, leveraging its robust financial standing and the backing of its member nations to issue highly rated bonds, which are crucial for financing a wide array of development projects globally and are often considered benchmarks for socially responsible investment portfolios. This specific bond, issued from the United States and denominated in US Dollars (USD), has a total issuance size of 100,000,000. A key characteristic of this debt instrument is its 0% interest rate, indicating that no periodic coupon payments will be made to bondholders; the absence of a specified payment frequency further confirms this zero-coupon-like structure, where investors typically derive their return from the difference between the bond's purchase price and its face value at maturity. The current market price for this security is quoted at 100% of its par value, which, when combined with its 0% interest rate and zero-coupon nature, implies a current yield-to-maturity of 0% for those holding the instrument until its exceptionally distant maturity date of September 5, 2063, positioning it as a very long-term fixed income asset from a highly creditworthy issuer.