Bond KEXEM 0% ( KR380806AAA8 ) in KRW

Issuer	KEXEM
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR380806AAA8 ( in KRW )
Interest rate	0%
Maturity	27/10/2021 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	260 000 000 000 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 bond identified by ISIN KR380806AAA8, an obligation issued by KEXIM (Korea Export-Import Bank), a critical state-owned policy bank based in South Korea, has reached its full maturity and redemption. KEXIM plays a pivotal role in the Korean economy by providing financial support for export and import transactions, overseas investment, and various international development cooperation projects, thereby enhancing the nation's economic ties and competitiveness on a global scale. This specific financial instrument, denominated in Korean Won (KRW) and issued from South Korea, was characterized by a 0% interest rate, classifying it as a zero-coupon bond where investors anticipated return through the difference between the purchase price and the redemption value at maturity. The total issuance size for this bond amounted to KRW 260,000,000,000, with a minimum investment increment set at KRW 10,000. Its scheduled maturity date was October 27, 2021, on which date it was fully redeemed at 100% of its par value, completing its lifecycle and confirming the repayment of principal to bondholders.