The International Development Association (IDA) is a part of the World Bank Group that provides concessional loans and grants to the world's poorest countries for programs aimed at poverty reduction and sustainable development.
A fixed-income instrument has been identified, issued by the International Development Association (IDA), a key entity within the World Bank Group. Established in 1960, the IDA serves as a multilateral financial institution dedicated to alleviating poverty in the world's least developed countries through the provision of highly concessional financing, encompassing grants and low to zero-interest loans. Its mandate involves supporting programs designed to foster economic growth, reduce inequalities, and enhance living standards across its beneficiary nations, predominantly in Africa. The IDA's robust financial architecture, bolstered by its global membership, ensures its ability to consistently access international capital markets for funding its extensive development initiatives, thereby maintaining a strong credit profile. This particular bond, bearing ISIN code XS2401848341 and issued from the United States, is denominated in Norwegian Krone (NOK) and carries a fixed annual interest rate of 1.75%, with payments occurring annually. The total issue size for this bond amounts to 2,000,000,000 NOK, while the minimum purchase increment is set at 10,000 NOK. Scheduled for maturity on February 16, 2027, the bond is presently trading at 100% of its par value on the market, reflecting its current valuation stability.
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91.48 % ▼ 
United States
XS2401848341 ( in NOK )
