Bond Korea Industrial Bank 1.4% ( KR310505G976 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310505G976 ( in KRW )
Interest rate	1.4% per year ( payment 1 time a year)
Maturity	23/07/2021 - Bond has expired
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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. An analysis of a specific debt instrument issued by the Industrial Bank of Korea (IBK), identified by ISIN KR310505G976, reveals its recent conclusion. The Industrial Bank of Korea, a prominent state-owned financial institution established in South Korea in 1961, primarily focuses on supporting and developing small and medium-sized enterprises (SMEs) within the nation's economy, playing a vital role in its financial infrastructure. This particular bond, denominated in Korean Won (KRW), represented a total issuance size of 300,000,000,000 KRW and carried an annual interest rate of 1.4%, with interest payments disbursed once per year. The minimum purchase threshold for this instrument was set at 10,000 KRW. The bond successfully reached its maturity on July 23, 2021, and has subsequently been fully reimbursed to its holders at its nominal value, marking the successful completion of its lifecycle.