Bond Korea Development Institute 1.09% ( KR310209GB22 ) in KRW

Issuer	Korea Development Institute
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310209GB22 ( in KRW )
Interest rate	1.09% per year ( payment 1 time a year)
Maturity	16/02/2024 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
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. An analysis of the fixed-income market highlights the recent successful maturity and redemption of a bond issued by the Korea Development Bank. The Korea Development Bank (KDB) is a state-owned financial institution of the Republic of Korea, established in 1954 to support national economic development through long-term financing and investment in strategic industries, thus playing a pivotal role in the country's industrial and economic growth. The specific debt instrument, identified by ISIN KR310209GB22, was a Korean Won (KRW) denominated bond issued from South Korea. It carried a fixed interest rate of 1.09%, with an annual payment frequency. The total size of this particular bond issuance amounted to KRW 170,000,000,000, with a minimum investment threshold set at KRW 10,000. This financial instrument reached its scheduled maturity on February 16, 2024, at which point it was redeemed at its par value, reflecting a current market price of 100%. The successful redemption confirms the issuer's timely fulfillment of its obligations, concluding the lifecycle of this particular debt security.