Bond Korea Development Institute 0% ( KR310205GB34 ) in KRW

Issuer	Korea Development Institute
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310205GB34 ( in KRW )
Interest rate	0%
Maturity	17/03/2022 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	190 000 000 000 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 fixed-income market confirms the recent maturity and full repayment of a specific bond issued by the Korea Development Bank (KDB). Identified by ISIN KR310205GB34, this debt instrument, denominated in Korean Won (KRW), officially reached its maturity date on March 17, 2022. The Korea Development Bank, a prominent state-owned policy bank established in South Korea, plays a crucial role in supporting the nation's industrial development and economic growth by providing financing for key industries, infrastructure projects, and corporate restructuring initiatives. This particular bond issue, with a total initial size of KRW 190,000,000,000, was structured as a zero-coupon obligation, featuring a 0% interest rate, implying that investors typically acquired the bond at a discount to its face value and received the full principal amount as a single payment upon maturity. The minimum acquisition size for this bond was KRW 10,000. Upon its maturity on the specified date, the bond was fully redeemed at 100% of its principal value, confirming its successful repayment to bondholders and thereby ceasing its existence as a tradable security.