Bond Korea Industrial Bank 0% ( KR310501AB80 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310501AB80 ( in KRW )
Interest rate	0%
Maturity	04/05/2022 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	10 000 KRW
Total amount	130 000 000 000 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 bond, identified by the ISIN KR310501AB80, issued by the Industrial Bank of Korea, reached its stipulated maturity date on May 4, 2022, and has since been fully redeemed, returning principal to its bondholders. The Industrial Bank of Korea (IBK) is a leading South Korean financial institution, established with the explicit mandate to foster the growth and development of small and medium-sized enterprises (SMEs) within South Korea. As a state-owned entity, IBK plays a pivotal role in the Korean economy, providing a wide array of financial services, including loans and guarantees, specifically tailored to support these vital business segments. This particular bond, issued in South Korea and denominated in Korean Won (KRW), represented a total issuance size of KRW 130 billion. Notably, the bond carried a 0% interest rate, indicating its probable structure as a zero-coupon instrument, where investor returns typically stem from the discount at which it was initially purchased relative to its par value redemption at maturity, rather than through recurring interest disbursements. The minimum purchase size for this instrument was KRW 10,000. While a payment frequency of '1' was indicated, for a zero-coupon bond, this generally signifies a single principal repayment occurring at maturity. Its redemption at 100% of its face value confirms the successful completion of this financial obligation, thereby returning the principal investment to its holders.