Bond IBRD-Global 6.2% ( XS0263671231 ) in NZD

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0263671231 ( in NZD )
Interest rate	6.2% per year ( payment time a year)
Maturity	31/12/2099
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Minimal amount	/
Total amount	82 000 000 NZD
Next Coupon	10/08/2026 ( In 281 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. This financial article details a notable debt instrument, identified by the ISIN code XS0263671231, which has been issued by the International Bank for Reconstruction and Development (IBRD). The International Bank for Reconstruction and Development, a pivotal institution within the World Bank Group, operates as a global development cooperative owned by 189 member countries, with a fundamental mission to reduce poverty and support development across the globe by providing financial products, policy advice, and technical assistance to middle-income and creditworthy low-income countries. Its robust financial standing and multilateral backing typically ensure a high level of creditworthiness for its issued bonds. This specific bond, originating from the United States, is currently trading at 100% of its face value on the market, signifying it is priced at par. Denominated in New Zealand Dollars (NZD), it carries a fixed annual interest rate, or coupon, of 6.2%. The total issuance size for this obligation stands at 82,000,000 NZD. A particularly distinctive feature of this bond is its exceptionally long maturity date, set for December 31, 2099, categorizing it as an ultra-long-term investment instrument. Information regarding the specific frequency of interest payments for this bond was not provided.