Bond Korea Development Institute 0.17% ( CH1121837228 ) in CHF

Issuer	Korea Development Institute
Market price	95.92 % ▼
Country	Republic of Korea
ISIN code	CH1121837228 ( in CHF )
Interest rate	0.17% per year ( payment 1 time a year)
Maturity	21/07/2031
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Minimal amount	/
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Next Coupon	22/07/2026 ( In 220 days )
Detailed description	The Korea Development Bank (KDB) is a policy-based financial institution that provides financial support and policy financing to Korean companies, primarily focusing on industrial development and economic growth. A notable fixed-income instrument currently drawing market attention is the bond identified by ISIN CH1121837228, issued by the Korea Development Bank (KDB). KDB is a prominent state-owned financial institution based in South Korea, established in 1954, playing a crucial role in supporting the nation's economic development through industrial financing, infrastructure projects, and corporate restructuring initiatives, thus serving as a key player in the Korean financial landscape and a strategic vehicle for government policy. This specific debt instrument, denominated in CHF and issued from South Korea, carries a maturity date of July 21, 2031, featuring a coupon rate of 0.17% with annual interest payments. The bond is currently trading on the secondary market at 96.37% of its par value, a price point that indicates it is trading below par, potentially offering a slight yield pickup to par for investors holding until maturity, particularly given its ultra-low coupon and the market's prevailing interest rate environment.