Bond Korea Industrial Bank 0% ( KR310502AC96 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310502AC96 ( in KRW )
Interest rate	0%
Maturity	19/09/2023 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	140 000 000 000 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 analysis of the KR310502AC96 bond, a debt instrument issued by the Industrial Bank of Korea, confirms its recent maturity and subsequent redemption. The Industrial Bank of Korea (IBK), a state-owned financial institution headquartered in Seoul, South Korea, is dedicated primarily to supporting small and medium-sized enterprises (SMEs) within the nation, playing a pivotal role in the South Korean economy through a comprehensive suite of banking services including corporate and retail banking, international finance, and asset management. This specific bond, identified by its ISIN code KR310502AC96, was a zero-coupon bond denominated in Korean Won (KRW), characterized by a 0% interest rate, meaning investors did not receive periodic interest payments but were rather compensated through the difference between its purchase price and its face value at maturity. Issued in South Korea, the total offering size for this instrument was KRW 140,000,000,000, with a minimum purchase size of KRW 10,000. The bond reached its maturity on September 19, 2023. Its stated payment frequency of '1' confirmed that the single principal repayment was scheduled for the maturity date, typical for zero-coupon instruments. Upon reaching its maturity date, the bond was fully redeemed at 100% of its face value, settling all obligations to bondholders as per its terms.