Bond Korea Development Institute 2.65% ( KR310204D4C4 ) in KRW

Issuer	Korea Development Institute
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310204D4C4 ( in KRW )
Interest rate	2.65% per year ( payment 1 time a year)
Maturity	31/12/2024 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	160 100 000 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 examination of the recently matured and redeemed bond, identified by ISIN KR310204D4C4, reveals key insights into its structure and the performance of its issuer, Korea Development Bank. The Korea Development Bank (KDB) is a state-owned financial institution of South Korea, established with the core mission of fostering national economic development through strategic financing, primarily supporting major industries, infrastructure projects, and contributing significantly to the nation's financial stability and industrial restructuring efforts. This particular debt instrument, issued in South Korea and denominated in Korean Won (KRW), offered an annual interest rate of 2.65% to its holders. With a total issuance size amounting to KRW 160,100,000, the bond was structured with a minimum purchase requirement of KRW 10,000, allowing for broad participation. The bond's maturity date was firmly set for December 31, 2024, and as of this date, the instrument has indeed reached its maturity and was successfully redeemed. Throughout its lifecycle, the bond maintained an annual payment frequency, ensuring consistent interest distributions to investors. Its market price at the time of maturity stood at 100%, reflecting its full repayment to bondholders upon its expiry.