Bond Korea Industrial Bank 0% ( KR310513AA46 ) in KRW

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR310513AA46 ( in KRW )
Interest rate	0%
Maturity	28/09/2020 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
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. A financial instrument, specifically a bond identified by ISIN KR310513AA46, issued by the Industrial Bank of Korea, recently completed its lifecycle, reflecting a significant event within the South Korean debt market. This particular fixed-income security, denominated in Korean Won (KRW), had a total issuance size of KRW 240,000,000,000, making it a substantial offering in the local market, with a minimum purchase size set at KRW 10,000 for investors. Notably, the bond featured a zero-coupon structure, carrying an interest rate of 0%, which means it did not pay periodic interest but was likely issued at a discount and redeemed at par, or was a bill repaid at face value. The Industrial Bank of Korea (IBK), the issuer of this bond, stands as a prominent state-owned financial institution headquartered in South Korea, serving as a cornerstone of the nation's financial system with a primary mandate to foster the growth and development of small and medium-sized enterprises (SMEs) across the country. IBK's critical role involves providing a wide array of financial support, including loans and banking services, to this vital segment of the Korean economy, thereby contributing significantly to national economic stability and industrial progress. The bond originated from South Korea, its country of issuance, aligning it directly with the financial operations and regulatory framework of the nation. This bond reached its scheduled maturity date on September 28, 2020, and at the time of its maturity, it was fully redeemed, with its market price standing at 100% of its face value. This successful repayment signifies the full and timely fulfillment of obligations to bondholders. The singular payment frequency mentioned (1) further confirms the zero-coupon nature, as the only payment would be the principal at maturity. The successful maturity and redemption of this KRW-denominated zero-coupon bond underscore the timely fulfillment of financial obligations by the Industrial Bank of Korea, reflecting stability in its financial management and the broader South Korean debt market.