Bond Korea Development Institute 0% ( KR310201GC11 ) in KRW

Issuer	Korea Development Institute
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310201GC11 ( in KRW )
Interest rate	0%
Maturity	06/01/2023 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	300 000 000 000 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. A detailed examination of the Korea Development Bank (KDB) bond, identified by ISIN KR310201GC11, reveals its recent maturity and successful redemption. The Korea Development Bank, a state-owned financial institution headquartered in South Korea, plays a pivotal role in the nation's economic development, particularly in financing industrial and infrastructure projects, and supporting small and medium-sized enterprises. As a key policy bank, KDB's issuances are generally considered to carry a strong implicit sovereign backing, reflecting its strategic importance to the South Korean economy. This specific fixed-income instrument was characterized as a zero-coupon bond, meaning it carried a 0% stated interest rate, with investor returns derived from the discount at which it was initially purchased relative to its par value at maturity. Denominated in Korean Won (KRW), the bond represented a substantial total issue size of KRW 300,000,000,000, with a minimal purchase increment set at KRW 10,000, making it accessible to a range of investors. The instrument reached its scheduled maturity date on January 6, 2023, at which point it was fully redeemed at 100% of its face value, confirming the successful fulfillment of KDB?s obligations to its bondholders.