Bond Korea Industrial Bank 2.31% ( KR310503GC16 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310503GC16 ( in KRW )
Interest rate	2.31% per year ( payment 1 time a year)
Maturity	25/01/2025 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	110 000 000 000 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 review of the bond market highlights the concluded lifecycle of a specific debt instrument issued by the Industrial Bank of Korea, identified by its ISIN KR310503GC16. The Industrial Bank of Korea, the issuer of this bond, is a significant state-owned financial institution based in South Korea, primarily established to support and develop small and medium-sized enterprises (SMEs) within the country, playing a vital role in national economic growth and stability. This particular bond, denominated in Korean Won (KRW), offered investors a fixed annual interest rate of 2.31%. The total offering size for this issuance was substantial, reaching KRW 110,000,000,000, with a minimum purchase size set at KRW 10,000 for individual participation. Originating from South Korea, the bond featured an annual interest payment frequency throughout its tenure. With its stipulated maturity date on January 25, 2025, this bond has now successfully reached its full term and has been completely redeemed and repaid to its bondholders at 100% of its principal value, marking the successful fulfillment of the issuer's obligations and the completion of the investment cycle.