Bond IBRD-Global 7.8% ( XS2763495897 ) in ZAR

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS2763495897 ( in ZAR )
Interest rate	7.8% per year ( payment time a year)
Maturity	16/02/2027
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Minimal amount	/
Total amount	600 000 000 ZAR
Next Coupon	16/02/2026 ( In 156 days )
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 financial instrument identified by the ISIN code XS2763495897 is currently available on the market, presenting as a bond issued by the International Bank for Reconstruction and Development (IBRD). This particular issuance, originating from the United States, is denominated in South African Rand (ZAR) and carries a coupon rate of 7.8%. With a maturity date set for February 16, 2027, the bond has a total issue size of 600,000,000 ZAR and is presently trading at its par value of 100%. The issuer, the International Bank for Reconstruction and Development (IBRD), is a cornerstone institution of the World Bank Group and a global development cooperative owned by 189 member countries. Its fundamental mission is to reduce poverty and support sustainable development by providing financial products, technical assistance, and advisory services to middle-income and creditworthy low-income countries. IBRD meticulously raises most of its funds by issuing debt in global capital markets, a strategy underpinned by its consistently high credit ratings, typically AAA/Aaa, reflecting the strong financial backing from its member states and its prudent financial management. While other specific details regarding payment frequency were not provided, this bond represents a segment of IBRD's ongoing efforts to finance its extensive development agenda.