Bond Korea Development Institute 1.56% ( KR310211GB77 ) in KRW

Issuer	Korea Development Institute
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310211GB77 ( in KRW )
Interest rate	1.56% per year ( payment 1 time a year)
Maturity	21/07/2024 - 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. The bond identified by ISIN KR310211GB77, issued by the Korea Development Bank, has successfully completed its lifecycle, reaching maturity and undergoing full redemption on July 21, 2024, at 100% of its face value. The Korea Development Bank (KDB), the issuer of this instrument, is a state-owned policy bank in South Korea established in 1954 with the primary objective of financing and developing the nation's key industries and infrastructure, thereby serving as a critical pillar in the country's economic strategy. As a key financial institution with implied government backing, KDB's debt instruments are closely watched by investors seeking exposure to the South Korean economy. This particular fixed-income security, denominated in Korean Won (KRW), carried an interest rate of 1.56% and featured an annual payment frequency. The total size of the issuance was KRW 170,000,000,000, with a minimum purchase size set at KRW 10,000, indicating a broad accessibility for various investor types. Issued from South Korea, the bond's journey concluded as scheduled, with the principal repayment ensuring all investors received their capital back, underscoring the predictable nature of a matured debt instrument.