Bond Korea Industrial Bank 0% ( KR310509GBA8 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310509GBA8 ( in KRW )
Interest rate	0%
Maturity	20/10/2022 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	240 000 000 000 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 financial markets recently observed the maturity and repayment of a specific bond issued by the Industrial Bank of Korea (IBK), a prominent financial institution in South Korea. The Industrial Bank of Korea, a state-owned bank established in 1961, plays a crucial role in supporting small and medium-sized enterprises (SMEs) within the South Korean economy. Beyond its primary focus on SMEs, IBK also offers a comprehensive range of retail and corporate banking services, contributing significantly to the nation's financial stability and industrial development. This particular fixed-income instrument, identified by its ISIN code KR310509GBA8, was issued in South Korea, denominated in Korean Won (KRW), and had a total issuance size of KRW 240,000,000,000. With a minimum purchase size set at KRW 10,000, the bond was notably a zero-coupon instrument, featuring a 0% interest rate, meaning no periodic interest payments were made. The bond reached its scheduled maturity date on October 20, 2022. As of this date, it has been fully redeemed and repaid at 100% of its face value, signifying the successful conclusion of its lifecycle and the issuer's fulfillment of its financial obligations.