Bond Global Development Alliance 0% ( XS2665719170 ) in USD

Issuer	Global Development Alliance
Market price	100 % ⇌
Country	United States
ISIN code	XS2665719170 ( in USD )
Interest rate	0%
Maturity	01/02/2024 - Bond has expired
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Detailed description	The International Development Association (IDA) is a member of the World Bank Group that provides concessional loans and grants to the world's poorest countries for projects and programs aimed at reducing poverty and fostering sustainable economic growth. An update concerning the financial instrument identified by ISIN XS2665719170 confirms its full repayment upon maturity. This obligation was issued by the International Development Association (IDA), a crucial arm of the World Bank Group dedicated to assisting the world's poorest developing countries. The IDA provides interest-free loans and grants to governments for investments in areas such as education, health, infrastructure, agriculture, and environmental protection, playing a pivotal role in fostering economic growth and reducing poverty globally. This specific bond, denominated in USD and originating from the United States, was characterized by a 0% interest rate, effectively classifying it as a zero-coupon instrument, meaning no periodic interest payments were disbursed to bondholders during its term. Despite a stated bi-annual payment frequency, this feature was rendered inapplicable due to the zero interest. The bond successfully reached its maturity date on February 1, 2024, at which point it was redeemed at 100% of its face value, reflecting its final market price, and has since been fully settled and repaid to investors.