Bond Korea Industrial Bank 0.8% ( KR310503GB58 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310503GB58 ( in KRW )
Interest rate	0.8% per year ( payment 1 time a year)
Maturity	11/09/2022 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	50 000 000 000 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 a specific debt instrument, identified as a bond with ISIN KR310503GB58, issued by the Industrial Bank of Korea, provides insight into its structure and life cycle within the South Korean financial market. The issuer, the Industrial Bank of Korea (IBK), is a prominent South Korean state-owned bank established in 1961 with a primary mandate to support small and medium-sized enterprises (SMEs) and contribute to national economic development through the provision of essential financial services. This bond, issued from South Korea in Korean Won (KRW), had a total issuance size of KRW 50,000,000,000, with a minimum investment tranche set at KRW 10,000. It carried an annual interest rate, or coupon rate, of 0.8%, with payments structured to occur once per year. The bond?s original maturity date was set for September 11, 2022. It is important to note that this specific bond has reached its maturity and has since been fully redeemed, indicating that the principal amount has been repaid to bondholders, concluding its active trading and investment period; at the point of its redemption, the effective market price for settlement would have been 100% of its face value.