Bond ICF 0% ( XS1495626308 ) in USD

Issuer	ICF
Market price	100 % ⇌
Country	United States
ISIN code	XS1495626308 ( in USD )
Interest rate	0%
Maturity	23/09/2046
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Minimal amount	2 000 000 USD
Total amount	50 000 000 USD
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 dedicated to fostering sustainable private sector investment in developing countries, has issued a notable long-term bond, identified by its ISIN code XS1495626308, originating from the United States and denominated in US Dollars (USD). The IFC, globally recognized for its mission to promote economic development and reduce poverty by investing in private sector companies and financial institutions, mobilizing capital in international markets, and providing advisory services, maintains a strong credit standing through its robust financial structure and multilateral mandate. This specific bond issuance carries a 0% interest rate, classifying it as a zero-coupon bond, which traditionally yields returns through capital appreciation as it is issued at a discount to its face value and matures at par; however, this particular instrument is currently observed trading at 100% of its par value on the market, implying that investors acquiring the bond at its current market price would receive their principal back at its maturity date of September 23, 2046, without periodic interest payments, while a payment frequency of 2 is noted, which conventionally refers to semi-annual coupon distributions, these are not applicable given the 0% interest rate. The total size of this bond issuance is set at $50,000,000, with a minimum purchase requirement of $2,000,000, indicating its primary targeting towards institutional investors seeking a long-dated, USD-denominated obligation from a supranational issuer.