Bond Korea Development Institute 0% ( KR310205AB22 ) in KRW

Issuer Korea Development Institute
Market price 100 %  ⇌ 
Country  Republic of Korea
ISIN code  KR310205AB22 ( in KRW )
Interest rate 0%
Maturity 24/02/2022 - Bond has expired



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Minimal amount 10 000 KRW
Total amount 230 000 000 000 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 analysis of the recently matured debt instrument, ISIN KR310205AB22, confirms its successful redemption, providing closure to investors on February 24, 2022. This bond was issued by the Korea Development Bank (KDB), a pivotal state-owned financial institution based in South Korea, primarily mandated with fostering national economic development and industrial growth. As a cornerstone of the nation's financial infrastructure, KDB plays a critical role in providing long-term financing for major infrastructure projects, strategic industries, and research and development initiatives, thereby underpinning South Korea's economic stability and competitiveness on a global scale. The specific bond in question, denominated in Korean Won (KRW), was distinctive for its 0% interest rate, classifying it as a zero-coupon bond. Such instruments are typically sold at a discount to their face value and mature at par, with the investor's return realized through the difference between the initial purchase price and the full principal repayment at maturity. The total issue size for this particular issuance amounted to KRW 230,000,000,000, with a minimal purchase threshold set at KRW 10,000, making it accessible to a diverse range of market participants. Consistent with its zero-coupon nature and the specified single payment frequency, the sole financial transaction for this bond involved the principal repayment upon its maturity on the aforementioned date, confirming its complete reimbursement to all bondholders.