Bond Korea Industrial Bank 2.16% ( KR310512GBB0 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310512GBB0 ( in KRW )
Interest rate	2.16% per year ( payment 1 time a year)
Maturity	25/11/2024 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	330 000 000 000 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 in-depth review of the KR310512GBB0 bond, issued by the Industrial Bank of Korea, reveals its recent maturity and successful redemption. The Industrial Bank of Korea (IBK) is a state-owned financial institution headquartered in South Korea, established to promote economic development by primarily providing financial support to small and medium-sized enterprises (SMEs). As a significant player in the Korean financial landscape, IBK plays a crucial role in fostering industrial growth and stability within the nation. This particular bond, identified by the ISIN KR310512GBB0, was denominated in Korean Won (KRW) and represented a significant issuance with a total size of KRW 330,000,000,000. Investors were able to acquire this debt instrument with a minimum purchase size set at KRW 10,000. The bond offered an annual interest rate of 2.16%, with coupon payments made once per year, reflecting a standard structure for fixed-income securities. Issued from South Korea, the bond reached its maturity date on November 25, 2024. At the time of its repayment, the bond's market price stood at 100% of its face value. Confirming its lifecycle completion, this bond has successfully reached its maturity date and has been fully redeemed, ensuring that all principal and final interest payments were disbursed to bondholders as scheduled.