Bond Korea Industrial Bank 1.47% ( KR310505G9A0 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310505G9A0 ( in KRW )
Interest rate	1.47% per year ( payment 1 time a year)
Maturity	22/10/2021 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	160 000 000 000 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. This financial article provides details on an obligation, identified by the ISIN code KR310505G9A0, which was issued by the Industrial Bank of Korea. The Industrial Bank of Korea (IBK) is a significant state-owned financial institution based in South Korea, established with the primary objective of fostering the growth and competitiveness of small and medium-sized enterprises (SMEs) by providing a wide range of banking services, alongside its general retail banking operations. This specific bond, denominated in Korean Won (KRW) and issued from South Korea, carried a fixed interest rate of 1.47%, with annual interest payments. The total size of this particular issuance amounted to KRW 160,000,000,000, and it was available for purchase with a minimum transaction size of KRW 10,000. The instrument reached its scheduled maturity date on October 22, 2021, and has subsequently been fully redeemed, with investors receiving 100% of the principal value at repayment, confirming its successful expiration and fulfillment of its financial obligations.