Bond KEXEM 0% ( KR380809A7B4 ) in KRW

Issuer	KEXEM
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR380809A7B4 ( in KRW )
Interest rate	0%
Maturity	23/11/2018 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	90 000 000 000 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 by The Export-Import Bank of Korea (KEXIM), a wholly government-owned policy bank established to support South Korea's economic development and export-import activities, including providing trade finance and project finance. Identified by the ISIN code KR380809A7B4, this debt instrument, originating from South Korea and denominated in Korean Won (KRW), was structured as a zero-coupon bond, indicating an interest rate of 0% with its value accruing to par at redemption. The total issuance size for this bond was KRW 90,000,000,000, with a minimum purchase increment of KRW 10,000, and it matured on November 23, 2018. While traditional coupon payments were not applicable due to its zero-coupon nature, the bond's structure implied a single principal repayment upon maturity, and it has indeed reached its maturity date and been fully redeemed at 100% of its face value, concluding its lifecycle as a settled financial obligation.