Bond KEXEM 0% ( KR380803A8B8 ) in KRW

Issuer	KEXEM
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR380803A8B8 ( in KRW )
Interest rate	0%
Maturity	13/11/2019 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	300 000 000 000 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. An analysis of the recently matured KR380803A8B8 bond issued by KEXIM provides insight into this specific South Korean financial instrument. The Export-Import Bank of Korea, widely known as KEXIM, is a state-owned financial institution established in 1976 with the core mission of fostering South Korea's economic development through the provision of comprehensive financial services, including export credits, overseas investment credits, and import credits. This particular bond, identified by ISIN KR380803A8B8, was denominated in Korean Won (KRW) and constituted a significant market offering, boasting a total issue size of 300,000,000,000 KRW. Investors were able to acquire these obligations in minimum lot sizes of 10,000 KRW. A defining characteristic of this bond was its zero-coupon structure, reflected by an interest rate of 0%, indicating that no periodic interest payments were distributed, and the investor's return was realized through the difference between the initial purchase price and the full principal amount received at maturity. The bond reached its scheduled maturity date on November 13, 2019, and was subsequently redeemed at 100% of its face value, confirming the complete and timely fulfillment of KEXIM's financial commitment to its bondholders.