Bond Interamerican Development Bank 0% ( XS0558448444 ) in USD
| Issuer | Interamerican Development Bank | ||
| Market price | 100 % ⇌ | ||
| Country | United States
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| ISIN code |
XS0558448444 ( in USD )
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| Interest rate | 0% | ||
| Maturity | 17/11/2040 - Bond has expired | ||
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| Minimal amount | 1 000 USD | ||
| Total amount | 158 900 000 USD | ||
| Detailed description |
The Inter-American Development Bank (IDB) is a regional development bank that provides loans, grants, and technical assistance to its borrowing member countries in Latin America and the Caribbean to promote economic development and social progress. An examination of a recently concluded debt instrument reveals a bond issued by the Inter-American Development Bank (IDB), an international financial institution established in 1959 as the primary source of long-term financing for sustainable development and poverty reduction across Latin America and the Caribbean through strategic loans, technical assistance, and policy guidance. This specific bond, identified by ISIN XS0558448444, was denominated in USD and issued from the United States, representing a total issue size of $158,900,000 with a minimum purchase size of $1,000. Key terms for this instrument included a 0% interest rate, and while a payment frequency of 2 (implying semi-annual) was noted, this would have been non-applicable to coupon distribution given the stated zero-interest characteristic. The bond reached its scheduled maturity on November 17, 2040, at which point its market value stood at 100% of its par value, confirming its status as a fully redeemed obligation that has since been reimbursed to its bondholders. |
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