Bond Korea Industrial Bank 0% ( KR310509GC28 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310509GC28 ( in KRW )
Interest rate	0%
Maturity	15/02/2023 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	50 000 000 000 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 the bond identified by ISIN KR310509GC28 reveals its recent maturity and full repayment. This specific debt instrument was issued by the Industrial Bank of Korea (IBK), a cornerstone financial institution in South Korea. Established in 1961, IBK is a government-owned bank with a crucial mandate to support the growth and development of small and medium-sized enterprises (SMEs) within the nation, playing a significant role in fostering economic stability and job creation. The bond, denominated in Korean Won (KRW), originated from South Korea and represented a total issuance size of 50,000,000,000 KRW, with a minimum purchase increment set at 10,000 KRW. Notably, it carried a 0% interest rate and was trading at 100% of its face value prior to its maturity. Its specified maturity date was February 15, 2023, with a payment frequency indicated as 1. Confirming its lifecycle completion, this obligation has successfully reached maturity and its principal value has been fully reimbursed to bondholders.