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ItalianoBond Korea Industrial Bank 0% ( KR310502A950 ) in KRW
| Issuer | Korea Industrial Bank |
| Market price | 100 % ⇌ |
| Country |  Republic of Korea
|
| ISIN code |
 KR310502A950 ( in KRW )
|
| Interest rate | 0% |
| Maturity | 22/05/2020 - 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 | 300 000 000 000 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 fixed-income instrument, specifically a bond identified by ISIN KR310502A950, was issued in South Korea by the Industrial Bank of Korea (IBK), a prominent state-owned financial institution primarily dedicated to fostering the growth of small and medium-sized enterprises (SMEs) and contributing significantly to the nation's economic development. This particular bond, denominated in KRW, featured a zero percent interest rate, indicating it was a zero-coupon security, with an impressive total issue size of KRW 300,000,000,000 and a minimum purchase threshold of KRW 10,000. The bond reached its scheduled maturity date on May 22, 2020, at which point it was fully redeemed at par, consistent with its reported 100% valuation upon maturity, thereby fulfilling its obligation to investors. |