Bond KEXEM 0% ( KR380804A955 ) in KRW

Issuer	KEXEM
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR380804A955 ( in KRW )
Interest rate	0%
Maturity	27/05/2020 - 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. A review of the KR380804A955 bond issuance details an obligation originating from South Korea, issued by the Export-Import Bank of Korea (KEXIM). KEXIM, a state-owned policy bank, serves a vital function in the Republic of Korea's economic development by providing comprehensive financial support for export-import activities, overseas investments, and international economic cooperation projects, often extending long-term credit and guarantees to foster national economic growth. This specific bond, denominated in Korean Won (KRW), represented a total issuance size of KRW 300,000,000,000, with a minimum purchase amount set at KRW 10,000. A distinctive feature of this instrument was its 0% interest rate, classifying it as a zero-coupon bond where the investor's return is derived from the difference between the purchase price and the face value received at maturity, rather than regular coupon payments. Its market price was recorded at 100%, likely reflecting its value at par upon redemption or a specific trading point near maturity. Originally scheduled to mature on May 27, 2020, with a payment frequency of one (implying a single principal repayment at maturity), this bond has indeed reached its maturity date and has been fully redeemed, concluding its lifecycle within the debt capital markets.