Bond ICF 0% ( XS1480880555 ) in ZAR

Issuer	ICF
Market price	100 % ⇌
Country	United States
ISIN code	XS1480880555 ( in ZAR )
Interest rate	0%
Maturity	24/08/2026
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Minimal amount	10 000 ZAR
Total amount	1 000 000 000 ZAR
Detailed description	IFC, or Industry Foundation Classes, is an open specification developed by buildingSMART for the interoperability of digital building information models. The International Finance Corporation (IFC), a prominent member of the World Bank Group, has issued a ZAR-denominated zero-coupon bond, offering a unique investment profile within the fixed-income market. As a global development institution established in 1956, the IFC is dedicated to fostering sustainable economic growth in developing countries by supporting private sector development. It achieves this through financing private enterprise investments, mobilizing capital in international financial markets, and providing essential advisory services to businesses and governments. The IFC's debt instruments, including this one, benefit from its multilateral development bank status, robust financial standing, and strong shareholder support, often resulting in high credit ratings that underscore its reliability as an issuer. This specific debt instrument, identified by ISIN XS1480880555, was issued from the United States and is set to mature on August 24, 2026. Denominated in South African Rand (ZAR), the bond features a 0% interest rate, classifying it as a zero-coupon bond, meaning investors do not receive periodic interest payments. Its current market price is noted at 100% of its face value, indicating that if acquired at this price and held until maturity, the yield to maturity would effectively be zero, as the principal amount is redeemed at par without any additional capital gains or coupon income. The total issuance size for this offering is a substantial ZAR 1,000,000,000, with a minimum investment threshold set at ZAR 10,000. The stated payment frequency of '1' for this zero-coupon bond signifies that the sole payment to investors will be the principal repayment at its maturity date.