Bond Korea Industrial Bank 2.15% ( KR310510G8A5 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310510G8A5 ( in KRW )
Interest rate	2.15% per year ( payment 1 time a year)
Maturity	26/10/2021 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	200 000 000 000 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. An analysis of fixed-income instruments highlights a specific bond, ISIN KR310510G8A5, issued by the Industrial Bank of Korea, a significant state-owned financial institution in South Korea established in 1961 with a core mandate to support the growth and development of small and medium-sized enterprises (SMEs) within the national economy. This South Korean-issued debt security was denominated in Korean Won (KRW), carried an interest rate of 2.15%, and had a total issue volume of KRW 200,000,000,000, with a minimum investment threshold set at KRW 10,000. The bond, which featured annual interest payments, reached its maturity date on October 26, 2021, and has subsequently been fully redeemed at its market price of 100% of par value, concluding its investment lifecycle.