Bond Korea Development Institute 0% ( KR310201AB42 ) in KRW

Issuer	Korea Development Institute
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310201AB42 ( in KRW )
Interest rate	0%
Maturity	01/04/2022 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	420 000 000 000 KRW
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. An analysis of the KR310201AB42 bond, issued by the Korea Development Bank, confirms that this debt instrument has successfully reached its maturity date of April 1, 2022, and has subsequently been fully redeemed. The Korea Development Bank, a prominent state-owned financial institution in South Korea, plays a crucial role in national economic development, providing essential financing for major industries and infrastructure projects. This specific bond, originating from South Korea, was denominated in Korean Won (KRW) and constituted a significant total issue size of 420,000,000,000 KRW. Classified with an interest rate of 0, suggesting it was a zero-coupon bond or that interest was integrated into its redemption, the bond's minimal purchase size was set at 10,000 KRW. Its payment frequency was recorded as 1, indicating a singular payment event, which aligns with its full redemption at a value equivalent to 100% of its face amount. The successful and timely redemption of this bond underscores the issuer's reliability in meeting its financial obligations.