Bond Korea Industrial Bank 1.1% ( KR310501GA51 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310501GA51 ( in KRW )
Interest rate	1.1% per year ( payment 1 time a year)
Maturity	07/05/2022 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	200 000 000 000 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. An examination of the KR310501GA51 bond provides a case study of a debt instrument issued by the Industrial Bank of Korea (IBK), a prominent state-owned financial institution in South Korea established with the primary mission of supporting small and medium-sized enterprises (SMEs) to foster national economic development and economic stability, thereby playing a critical role in the country's financial ecosystem. This specific fixed-income security, denominated in Korean Won (KRW), featured an annual interest rate of 1.1% and constituted a significant total issuance size of KRW 200,000,000,000, with a minimum purchase denomination set at KRW 10,000 for investors. Originating from South Korea, this bond reached its predetermined maturity date on May 7, 2022, and has since been fully redeemed and repaid to its bondholders at its par value, reflecting a final market price of 100% at the time of its repayment.