Bond Korea Industrial Bank 0% ( KR310501AA99 ) in KRW

Issuer Korea Industrial Bank
Market price 100 %  ⇌ 
Country  Republic of Korea
ISIN code  KR310501AA99 ( in KRW )
Interest rate 0%
Maturity 02/09/2021 - Bond has expired



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Minimal amount 10 000 KRW
Total amount 300 000 000 000 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.

A notable event in the South Korean debt market recently concluded with the full redemption of a bond issued by the Industrial Bank of Korea (IBK). This debt instrument, identified by the ISIN Code KR310501AA99, was issued by the Industrial Bank of Korea, a significant financial entity wholly owned by the South Korean government and headquartered in South Korea. Established in 1961, IBK's core mission is to bolster the national economy by providing comprehensive financial services, including lending and various banking solutions, primarily to small and medium-sized enterprises (SMEs), thereby playing a crucial role in fostering industrial development and stability within the country's economic landscape. The bond, denominated in Korean Won (KRW), represented a substantial total issuance size of 300,000,000,000 KRW. It was structured with a minimum investment threshold of 10,000 KRW and notably carried a 0% interest rate, indicating its nature as either a zero-coupon instrument or a bond where interest payments were not a component of its return structure. With a stated payment frequency of 1, implying a single principal payment upon maturity, the bond reached its maturity date on September 2, 2021. At the time of its expiry, the bond maintained a market price of 100% of its nominal value, facilitating its complete reimbursement to all bondholders. This successful redemption marks the definitive conclusion of this specific financial obligation for the issuer.