Bond Korea Industrial Bank 0% ( KR310508AB18 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310508AB18 ( in KRW )
Interest rate	0%
Maturity	28/01/2022 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	360 000 000 000 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 detailed analysis of a specific bond issued by the Industrial Bank of Korea (IBK) reveals its key characteristics and the conclusion of its financial lifecycle. The Industrial Bank of Korea, a prominent state-owned financial institution in South Korea, was established in 1961 with the primary mission of fostering economic development through providing crucial financial support to small and medium-sized enterprises (SMEs). Beyond this core focus, IBK offers a comprehensive range of banking and financial services to corporate and retail clients, solidifying its significant role and stable credit profile within the South Korean financial sector. The bond under review, identified by ISIN code KR310508AB18, was issued from South Korea with a substantial total offering size of KRW 360,000,000,000, denominated in Korean Won. This instrument featured a stated interest rate of 0% with a payment frequency of 1, and its market price at the point of its lifecycle completion was 100% of its face value. The minimum purchase size for this bond was set at KRW 10,000. Crucially, this fixed-income security reached its scheduled maturity date on January 28, 2022, and has since been fully repaid to its bondholders, effectively concluding its term and obligations.