Bond Korea Industrial Bank 1.17% ( KR310503GB66 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310503GB66 ( in KRW )
Interest rate	1.17% per year ( payment 1 time a year)
Maturity	04/06/2023 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	580 000 000 000 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 recent notable development in the fixed-income market involves the maturity and subsequent redemption of the bond identified by ISIN KR310503GB66, issued by the Industrial Bank of Korea, a significant financial institution in South Korea primarily dedicated to supporting small and medium-sized enterprises (SMEs) and playing a crucial role in the nation's economic development through specialized lending and financial services. This particular bond, denominated in South Korean Won (KRW), had a substantial total issue size of 580,000,000,000 KRW, carried a fixed annual interest rate of 1.17%, was available for a minimum purchase of 10,000 KRW, and featured annual interest payments. Having reached its scheduled maturity date on June 4, 2023, the bond was redeemed at its market price of 100% of the principal, successfully concluding its lifecycle and fulfilling its obligations to bondholders.