Bond KEXEM 0% ( KR380801AAC5 ) in KRW

Issuer	KEXEM
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR380801AAC5 ( in KRW )
Interest rate	0%
Maturity	02/12/2021 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	350 000 000 000 KRW
Detailed description	KEXIM, the Korea Export-Import Bank, is a South Korean government-owned policy bank that provides financial support for the country's export-oriented industries and overseas economic development projects. This financial article details a specific bond issuance identified by its ISIN code KR380801AAC5. The bond was issued by KEXIM, formally known as The Export-Import Bank of Korea, a government-backed financial institution headquartered in Seoul, South Korea, pivotal in supporting the nation's economic development through comprehensive financial services for export and import activities, overseas investment, and natural resource development projects, with its sovereign backing often implying a high degree of creditworthiness for its debt instruments. This particular debt instrument, denominated in Korean Won (KRW) and originating from South Korea, represented a substantial total issue size of KRW 350,000,000,000, with a minimum purchase size set at KRW 10,000. A distinctive feature of this bond was its 0% interest rate, indicating it was likely structured as a zero-coupon bond or a similar instrument where the return was primarily derived from the difference between its purchase price and its par value at maturity, with a single payment frequency at redemption. The bond reached its scheduled maturity date on December 2, 2021, and at that time, its market price stood at 100% of its face value, confirming its full repayment and the successful conclusion of this financial obligation.