Bond IBRD-Global 0% ( XS0315810365 ) in JPY

Issuer	IBRD-Global
Market price	100 % ▲
Country	United States
ISIN code	XS0315810365 ( in JPY )
Interest rate	0%
Maturity	24/08/2037
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Minimal amount	/
Total amount	150 000 000 JPY
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 analysis details a specific debt instrument, an obligation issued by the International Bank for Reconstruction and Development (IBRD), identified by the ISIN XS0315810365. The IBRD, a core institution within the World Bank Group, functions as a global development cooperative, extending financial and technical assistance to developing nations worldwide. Its debt securities are highly regarded in the fixed-income market, benefiting from the institution's robust multilateral backing and mandate. This particular bond, denominated in Japanese Yen (JPY), originates from an issuance in the United States. A key characteristic of this bond is its 0% interest rate, identifying it as a zero-coupon instrument. While zero-coupon bonds are typically priced at a discount to their face value to provide a return at maturity, this particular bond is currently observed trading at par, at 100% of its nominal value. This implies that investors will not receive periodic interest payments; instead, the total principal amount of 150,000,000 Japanese Yen is scheduled to be repaid in full on its maturity date of August 24, 2037.