Bond Korea Industrial Bank 0% ( KR310501A978 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310501A978 ( in KRW )
Interest rate	0%
Maturity	02/04/2020 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	450 000 000 000 KRW
Detailed description	The Industrial Bank of Korea (IBK) is a South Korean government-owned commercial bank specializing in financing small and medium-sized enterprises (SMEs) and infrastructure projects. An analysis of a specific debt instrument, identified by ISIN KR310501A978, reveals a bond issued by Industrial Bank of Korea (IBK), a prominent South Korean state-owned financial institution established in 1961 with the primary mission of fostering national economic development by providing comprehensive financial services and robust support to small and medium-sized enterprises (SMEs), alongside its diverse offerings in corporate and retail banking. This particular bond, issued in South Korea and denominated in Korean Won (KRW), had a substantial total issue size of KRW 450,000,000,000, with a minimum purchase increment set at KRW 10,000. Notably, the instrument featured a 0% interest rate and a payment frequency of 1, indicating its structure as a zero-coupon bond where the return was likely embedded in its principal repayment or initial pricing. This financial product successfully reached its maturity date on April 2, 2020, and was subsequently fully redeemed at 100% of its face value, concluding its lifecycle as a financial obligation.