Bond Korea Development Institute 0% ( KR310212AA40 ) in KRW

Issuer	Korea Development Institute
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310212AA40 ( in KRW )
Interest rate	0%
Maturity	28/04/2021 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	70 000 000 000 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. This financial overview details the KR310212AA40 bond, a debt instrument issued by the Korea Development Bank (KDB), which has successfully reached its maturity and been fully redeemed. The Korea Development Bank, a state-owned financial institution established in 1954, plays a pivotal role in fostering industrial development and economic growth within South Korea, providing strategic financial support for critical infrastructure, key industries, and corporate restructuring under the direct oversight of the South Korean government. The bond, identified by ISIN KR310212AA40, was denominated in South Korean Won (KRW) and featured a total issue size of KRW 70,000,000,000. Characterized by a 0% interest rate, it was available for purchase with a minimum acquisition size of KRW 10,000, and its structure implied a single payment frequency, consistent with its zero-coupon nature where principal is repaid at maturity without periodic interest disbursements. The bond matured on April 28, 2021, and has since been confirmed as redeemed, with its market price standing at 100% at the time of its final settlement, ensuring the complete return of principal to all bondholders.