Bond Korea Development Institute 0.97% ( KR310204GB27 ) in KRW

Issuer	Korea Development Institute
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310204GB27 ( in KRW )
Interest rate	0.97% per year ( payment 1 time a year)
Maturity	02/02/2023 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	170 000 000 000 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. This financial article details a specific fixed-income instrument, bond type, identified by the ISIN KR310204GB27, which was issued by the Korea Development Bank. The Korea Development Bank (KDB) is a state-owned policy bank based in South Korea, primarily responsible for providing financing to facilitate national economic development, including support for key industries and infrastructure projects. This particular bond, issued in South Korea and denominated in Korean Won (KRW), carried an interest rate of 0.97%. Its total issuance size amounted to KRW 170,000,000,000, with a minimum purchase size set at KRW 10,000 for investors. The bond was traded at its par value, indicated by a market price of 100%, during its lifecycle. Interest payments were scheduled with a frequency of one, typically implying annual payments. The bond reached its maturity on February 2, 2023, and has since been fully repaid to its bondholders, marking the successful completion of its financial obligation.