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 AUD-denominated bond, identified by ISIN code AU3FN0020509, was issued by the International Bank for Reconstruction and Development (IBRD), a crucial component of the World Bank Group dedicated to financing development projects and reducing poverty worldwide. Originating from the United States, this specific debt instrument had a substantial total issue size of 750,000,000 AUD. Notably, it was structured as a zero-coupon bond, featuring a 0% interest rate and a stated payment frequency of 1, meaning no periodic interest payments were made. The bond reached its maturity date on September 24, 2018, having traded at a current market price of 100% at the time of its redemption. Consequently, this obligation has successfully matured and been fully redeemed by the issuer.
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