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 provides an in-depth analysis of a specific bond instrument, identified by the ISIN XS0522730133, issued by the International Bank for Reconstruction and Development (IBRD), a pivotal global development institution and a core part of the World Bank Group, which is dedicated to reducing poverty and supporting development through financial and technical assistance to middle-income and creditworthy low-income countries. This particular debt obligation, denominated in United States Dollars (USD) and issued from the United States, currently trades at 100% of its par value in the market. A defining characteristic of this bond is its zero percent interest rate, classifying it as a zero-coupon instrument, meaning investors do not receive periodic interest payments; rather, their return is generated solely from the difference between the bond's original discounted issue price and its full par value redemption upon its long-term maturity on July 8, 2040. The total principal size of this issuance stands at 45,110,000 USD, and despite a listed payment frequency of two, this specifically indicates the absence of regular semi-annual coupon distributions consistent with its zero-coupon structure, with the principal being repaid as a single amount at its maturity date.
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