Bond Korea Industrial Bank 0% ( KR310506AA52 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310506AA52 ( in KRW )
Interest rate	0%
Maturity	12/05/2021 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	170 000 000 000 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. The KR310506AA52 bond, a fixed-income instrument issued by the Industrial Bank of Korea, has successfully reached its maturity and was fully redeemed. The Industrial Bank of Korea (IBK) is a prominent state-owned financial institution headquartered in South Korea, playing a pivotal role in the nation's economic development by primarily focusing on providing comprehensive banking services and financial support to Small and Medium-sized Enterprises (SMEs), thereby contributing significantly to employment and economic growth within the country. This strategic focus, coupled with its government backing, underpins its creditworthiness in the financial markets. This particular bond, issued in South Korea and denominated in Korean Won (KRW), represented a total issue size of KRW 170,000,000,000, with a minimum purchase quantity of KRW 10,000. Characterized by a 0% interest rate and a payment frequency of one, the bond reached its stipulated maturity date on May 12, 2021, at which point its principal was returned to investors, confirming the issuer's timely fulfillment of its financial obligations.