Bond Korea Industrial Bank 1.43% ( KR310501G9A4 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310501G9A4 ( in KRW )
Interest rate	1.43% per year ( payment 1 time a year)
Maturity	02/04/2021 - Bond has expired
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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 report details the maturity and redemption of a specific debt instrument issued by the Industrial Bank of Korea, a prominent state-owned financial institution in South Korea. The Industrial Bank of Korea (IBK) was established with the primary mission of supporting and fostering the growth of small and medium-sized enterprises (SMEs), playing a vital role in the nation's economic development by providing a comprehensive range of banking services and financial solutions to this critical sector. The bond, identified by ISIN KR310501G9A4, was denominated in Korean Won (KRW) and carried an interest rate of 1.43%. Issued in South Korea, this fixed-income security reached its maturity date on April 2, 2021, and was subsequently redeemed at its par value of 100%. The bond featured an annual payment frequency, ensuring regular distributions to bondholders until its final principal repayment. Its successful maturity and redemption confirm the orderly conclusion of this particular debt obligation from a key player in the South Korean financial landscape.