Bond Global Development Alliance 0% ( XS2820330111 ) in USD

Issuer	Global Development Alliance
Market price	100 % ⇌
Country	United States
ISIN code	XS2820330111 ( in USD )
Interest rate	0%
Maturity	14/08/2024 - 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. This financial article details bond XS2820330111, an obligation issued by the International Development Association (IDA), which has recently reached its maturity and been fully repaid. The International Development Association, a vital component of the World Bank Group, is a leading provider of concessionary finance to the world's poorest countries, supporting sustainable development initiatives through low-interest loans and grants designed to alleviate poverty and improve living standards globally. This specific bond, identified by ISIN XS2820330111, was issued from the United States, denominated in USD, and structured as a zero-coupon instrument with an interest rate of 0%, implying it was repaid at its par value of 100%. The bond successfully matured on August 14, 2024, and its principal was subsequently repaid, confirming the completion of its investment cycle.