Bond Global Development Alliance 4.375% ( XS2948063180 ) in USD

Issuer	Global Development Alliance
Market price	102.52 % ▲
Country	United States
ISIN code	XS2948063180 ( in USD )
Interest rate	4.375% per year ( payment 2 times a year)
Maturity	26/11/2029
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Minimal amount	1 000 USD
Total amount	3 500 000 000 USD
Next Coupon	27/05/2026 ( In 162 days )
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 in-depth review of a prominent debt instrument reveals specific characteristics of a bond issued by the International Development Association, identified by the ISIN code XS2948063180. The issuer, the International Development Association (IDA), stands as a cornerstone of the World Bank Group, dedicated to alleviating poverty by providing highly concessional financing ? low-interest loans and grants ? to the world's poorest countries. Its crucial role in global development finance supports initiatives aimed at improving economic conditions, enhancing human capital, and building resilient infrastructure in developing nations, underpinning its standing as a reputable and stable entity in the financial markets. This particular bond, denominated in United States Dollars (USD) and issued from the United States, carries a fixed interest rate of 4.375% and forms part of a substantial total issuance valued at USD 3,500,000,000. Investors looking to participate in this offering can do so with a minimum purchase size of USD 1,000. The security is set to mature on November 26, 2029, and offers interest payments twice a year, providing regular income to bondholders. As of the latest market data, this bond is trading at 101.09% of its face value, reflecting its current valuation within the secondary market.