Bond Interamerican Development Bank 7% ( XS2608242108 ) in INR

Issuer	Interamerican Development Bank
Market price	100.93 % ▼
Country	United States
ISIN code	XS2608242108 ( in INR )
Interest rate	7% per year ( payment 1 time a year)
Maturity	16/04/2033
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Minimal amount	1 000 000 INR
Total amount	39 750 000 000 INR
Next Coupon	17/04/2026 ( In 122 days )
Detailed description	The Inter-American Development Bank (IDB) is a regional development bank that provides financial and technical assistance to its borrowing member countries in Latin America and the Caribbean to promote economic development and social progress. A fixed-income instrument bearing the ISIN code XS2608242108 is currently attracting attention in the debt markets. This bond is issued by the Inter-American Development Bank (IDB), a leading multilateral development financial institution established to support economic and social development in Latin America and the Caribbean. The IDB provides financing, technical assistance, and knowledge, working with its member countries to address regional challenges and promote sustainable growth; its robust institutional framework and development mandate typically position its debt instruments as highly regarded in the global capital markets. Originating from the United States, this specific financial instrument is currently trading at a premium, with its market price standing at 102.16% of par value. Denominated in Indian Rupees (INR), the bond offers a fixed annual interest rate (coupon) of 7%. With a maturity date set for April 16, 2033, this offers a long-term investment horizon. The total issue size for this particular bond stands at INR 39,750,000,000, indicating a substantial offering in the market. Investors seeking exposure to this instrument should note the minimum purchase size requirement of INR 1,000,000, and interest payments are scheduled to occur annually. The premium pricing reflects current market conditions and investor appetite for instruments issued by entities like the IDB, while its denomination in INR suggests a potential appeal to investors with an interest in or exposure to the Indian economy, with the annual payment frequency and the long maturity profile providing a predictable income stream over an extended period.