Bond Korea Industrial Bank 0% ( KR310501G876 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310501G876 ( in KRW )
Interest rate	0%
Maturity	17/07/2019 - Bond has expired
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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.