Bond KEXEM 0% ( HK0000407921 ) in USD

Issuer	KEXEM
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	HK0000407921 ( in USD )
Interest rate	0%
Maturity	22/09/2020 - Bond has expired
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Minimal amount	200 000 USD
Total amount	200 000 000 USD
Detailed description	KEXIM, the Korea Export-Import Bank, is a South Korean government-owned policy bank that provides financial support for the country's export-oriented industries and overseas economic development projects. A detailed review of a specific fixed-income instrument, identified by its ISIN HK0000407921, provides insight into a recently matured debt security. This particular bond was issued by The Export-Import Bank of Korea (KEXIM), a state-owned financial institution established to promote the national economy by providing comprehensive financial support for export and import transactions, overseas investments, and other foreign trade activities. Originating from South Korea, the bond was denominated in United States Dollars (USD) and, at the point of its redemption, reflected a current market price of 100% of its par value. Notably, it featured a zero-coupon structure, indicated by an interest rate of 0%. The total issuance size for this instrument was USD 200,000,000, with a minimum purchase requirement set at USD 200,000. Originally specified with a semi-annual payment frequency, although no regular coupon payments were made given its zero-coupon nature, the bond reached its scheduled maturity date on September 22, 2020. As confirmed by the issuer, this obligation has successfully matured and its principal amount has been fully repaid to bondholders.