Bond Korea Development Institute 0% ( KR310206GB25 ) in KRW

Issuer	Korea Development Institute
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310206GB25 ( in KRW )
Interest rate	0%
Maturity	08/02/2022 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	180 000 000 000 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 KR310206GB25 bond, issued by the Korea Development Bank (KDB), a prominent state-owned policy bank in South Korea tasked with fostering national industrial growth and infrastructure, confirms its recent lifecycle completion; this particular bond, denominated in Korean Won (KRW) and originated in South Korea, featured a zero percent interest rate, typical of a zero-coupon instrument, with a total issuance size of KRW 180,000,000,000 and a minimum acquisition threshold of KRW 10,000, and while indicating a payment frequency of one, denoting a single payment event, its reported 100% market price at the time of closure signifies its full redemption at par, having officially matured on February 8, 2022, and subsequently been repaid in full.