Bond Korea Development Institute 0% ( KR310207ACA0 ) in KRW

Issuer	Korea Development Institute
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310207ACA0 ( in KRW )
Interest rate	0%
Maturity	28/01/2023 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	280 000 000 000 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 overview of a recently matured debt instrument reveals key insights into the fixed-income market, specifically concerning a bond issued by the Korea Development Bank. Identified by its ISIN KR310207ACA0, this bond, denominated in Korean Won (KRW), carried a total issuance size of KRW 280,000,000,000, with a minimum purchase size set at KRW 10,000. Noteworthy for its 0% interest rate, suggesting it functioned as a zero-coupon bond, the instrument was structured for a single principal payment upon its maturity. The issuer, Korea Development Bank, is a prominent state-owned policy bank based in South Korea, playing a pivotal role in the nation's economic development by providing financing for critical industrial sectors, infrastructure, and corporate restructuring initiatives, thereby contributing to the stability and growth of the Korean economy. The bond successfully reached its maturity on January 28, 2023, and was subsequently redeemed at its face value, reflecting a market price of 100% at the time of its reimbursement, marking the successful conclusion of its lifecycle in the financial markets.