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ItalianoBond Industrial Bank of Korea 0% ( KR310501G876 ) in KRW
| Issuer | Industrial Bank of Korea | ||||||
| Market price | 100.00 % ⇌ | ||||||
| Country |  Republic of Korea
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| ISIN code |
 KR310501G876 ( in KRW )
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| Interest rate | 0% | ||||||
| Maturity | 17/07/2019 - Bond has expired | ||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 10 000 KRW | ||||||
| Total amount | 400 000 000 000 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 details a specific debt instrument, ISIN KR310501G876, a bond issued in South Korea by the Industrial Bank of Korea (IBK), a cornerstone state-owned financial institution established in 1961 with the core mission of fostering the growth and development of small and medium-sized enterprises (SMEs) across the Korean economy through its comprehensive range of banking and financial services; denominated in Korean Won (KRW), this particular bond represented a total issuance size of KRW 400,000,000,000, with a minimum purchase amount set at KRW 10,000, and notably featured a 0% interest rate, indicating its structure as a zero-coupon instrument where investor returns were predicated on the difference between the acquisition price and its par value at maturity, or a non-interest-bearing principal repayment; having reached its maturity on July 17, 2019, this obligation has successfully completed its lifecycle and has been fully repaid to its bondholders. |
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