Bond Korea Development Institute 0% ( KR310210GC77 ) in KRW

Issuer	Korea Development Institute
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310210GC77 ( in KRW )
Interest rate	0%
Maturity	15/06/2023 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	400 000 000 000 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 update regarding the bond instrument, identified by ISIN KR310210GC77, issued by the Korea Development Bank, a leading state-owned financial institution in South Korea crucial for the nation's economic development and infrastructure funding, confirms its recent maturity and successful redemption. Originating from South Korea, this specific debt security, which was denominated in Korean Won (KRW) and had a total issuance size of KRW 400,000,000,000, was characterized by a zero-coupon structure, featuring a 0% interest rate and an expected redemption at 100% of its par value. With a minimum acquisition size of KRW 10,000, this bond matured precisely on June 15, 2023, and consistent with its specified payment frequency of one, indicating a single principal repayment at the end of its term, it has been fully redeemed, thereby concluding its financial cycle.