Bond Korea Development Institute 0% ( KR310201AD73 ) in KRW

Issuer	Korea Development Institute
Market price	100 % ▲
Country	Republic of Korea
ISIN code	KR310201AD73 ( in KRW )
Interest rate	0%
Maturity	07/03/2024 - Bond has expired
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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. This financial analysis focuses on the recently matured bond issued by the Korea Development Bank (KDB), identified by ISIN KR310201AD73. The Korea Development Bank, a prominent state-owned policy bank established in South Korea in 1954, plays a critical role in financing industrial development, infrastructure projects, and strategic sectors within the nation's economy, thereby supporting the nation's economic growth and stability. This particular KRW-denominated debt instrument, issued from South Korea, reached its scheduled maturity on March 7, 2024, and has since been fully repaid, with its market price at redemption recorded at 100% of its face value. Notably, the bond featured a 0% interest rate, suggesting it was structured as a zero-coupon instrument where investors' returns are realized through the difference between the discounted purchase price and the full principal repayment, with a payment frequency of '1' further indicating a single principal payment at maturity.