Bond KEXEM 0% ( KR380803AAA5 ) in KRW

Issuer	KEXEM
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR380803AAA5 ( in KRW )
Interest rate	0%
Maturity	14/10/2021 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	140 000 000 000 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. The Export-Import Bank of Korea (KEXIM) bond, identified by ISIN KR380803AAA5, has officially concluded its lifecycle, having reached its maturity date and subsequently undergoing full redemption. This debt instrument, issued by the South Korean state-owned financial institution, was denominated in Korean Won (KRW) and carried an original total issuance size of KRW 140,000,000,000. KEXIM is a crucial entity in South Korea's economic framework, established to bolster the nation's export-led growth and support international trade and overseas investment through the provision of diverse financial services, including loans, guarantees, and credit facilities. The bond matured on October 14, 2021, and was redeemed at 100% of its face value, reflecting its final market valuation. Notable characteristics of this security included a stated interest rate of 0%, which typically signifies a zero-coupon bond or an instrument designed for principal repayment at par upon maturity, with a minimum purchase size of KRW 10,000. Its payment frequency was indicated as '1', aligning with a single principal payout at the time of maturity. The successful redemption confirms the completion of all issuer obligations to bondholders.