Bond Korea Industrial Bank 0% ( KR310501AA40 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310501AA40 ( in KRW )
Interest rate	0%
Maturity	02/04/2021 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	410 000 000 000 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. This financial article provides a comprehensive overview of a bond identified by ISIN KR310501AA40, which has recently reached maturity and been fully reimbursed. The issuer of this instrument is the Industrial Bank of Korea (IBK), a prominent South Korean state-owned financial institution established in 1961, playing a crucial role in supporting small and medium-sized enterprises (SMEs) and contributing significantly to the nation's economic development through financing and various banking services. Originating from South Korea, this specific bond carried the ISIN KR310501AA40 and was issued with a substantial total size of 410,000,000,000 Korean Won (KRW), with a minimum purchase size set at 10,000 KRW. Notably, the bond featured a 0% interest rate, suggesting it might have been a zero-coupon instrument or structured without periodic coupon payments, and its market price was observed at 100% of its face value, denominated in KRW. The payment frequency was recorded as 1, consistent with its zero interest rate and a single principal repayment upon maturity. The scheduled maturity date for this particular bond was April 2, 2021, and it has been confirmed that the KR310501AA40 bond has successfully reached its maturity and has been fully reimbursed to its holders, thereby concluding its lifecycle within the fixed-income market.