Bond Korea Development Institute 1.2% ( KR310203GA37 ) in KRW

Issuer	Korea Development Institute
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310203GA37 ( in KRW )
Interest rate	1.2% per year ( payment 1 time a year)
Maturity	05/03/2023 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	100 000 000 000 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 insightful review into the recently matured KR310203GA37 bond issued by the Korea Development Bank reveals its successful redemption on March 5, 2023. This debt instrument, denominated in Korean Won (KRW), featured a fixed annual interest rate of 1.2% and was fully repaid at its par value of 100% upon maturity. The initial issuance size for this bond was a substantial KRW 100,000,000,000, with a minimum purchase increment set at KRW 10,000. The issuer, Korea Development Bank, is a prominent state-owned policy bank based in South Korea, established with the primary objective of fostering economic development and growth within the nation by providing financial support for strategic industries, infrastructure projects, and corporate restructuring initiatives, thereby playing a crucial role in the Korean financial landscape and typically benefiting from strong implicit government backing. The bond, having completed its lifecycle as of its maturity date, has now been fully reimbursed to its holders, confirming a stable and concluded investment cycle for this specific obligation from the South Korean market.