Bond Korea Development Institute 0% ( KR310217GC96 ) in KRW

Issuer Korea Development Institute
Market price 100 %  ▲ 
Country  Republic of Korea
ISIN code  KR310217GC96 ( in KRW )
Interest rate 0%
Maturity 27/09/2023 - Bond has expired



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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 a recently matured debt instrument reveals key insights into the operational efficiency of the issuer; specifically, the bond identified by ISIN KR310217GC96, issued by Korea Development Bank, a prominent state-owned financial institution integral to the economic development of South Korea. Established to provide financial support for industrial development and infrastructure projects, KDB plays a crucial role in the nation's strategic economic initiatives, often acting as a policy bank, and its strong ties to the South Korean government typically imply a high degree of creditworthiness and stability, making its debt instruments keenly watched by investors seeking exposure to the Korean economy. This particular fixed-income security, denominated in Korean Won (KRW) and issued from South Korea, carried a unique characteristic: a zero percent interest rate, indicating it was structured without periodic coupon payments. With a stipulated maturity date of September 27, 2023, the bond has officially reached the end of its lifecycle, confirming its full repayment as its market price at the point of redemption was recorded at 100% of its principal value, which indicates that the principal amount was fully returned to bondholders as scheduled, underscoring the issuer's commitment to its financial obligations; the single payment frequency specified further confirms the culmination of all financial flows associated with this instrument, thereby reflecting the sound financial management practices of Korea Development Bank and providing a positive signal regarding the stability of its debt servicing capabilities within the global financial markets.