Bond Woori Financial 0% ( KR6000031B88 ) in KRW

Issuer	Woori Financial
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KR6000031B88 ( in KRW )
Interest rate	0%
Maturity	12/06/2022 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	590 000 000 000 KRW
Detailed description	Woori Bank is South Korea's largest bank by assets, offering a wide range of financial services including retail banking, corporate banking, investment banking, and wealth management both domestically and internationally. An analysis of the financial instrument identified by ISIN KR6000031B88 reveals it to be a bond issued by Woori Bank, a leading financial institution based in South Korea. Woori Bank, an integral part of the Woori Financial Group, holds a significant position as one of the largest commercial banks in the Republic of Korea, providing a diverse array of banking and financial services to individuals and corporations alike. This specific obligation, issued from South Korea and denominated in Korean Won (KRW), represented a substantial offering with a total issuance size of KRW 590,000,000,000. Investors could acquire this bond in minimum increments of KRW 10,000. A distinctive feature of this instrument was its stated 0% interest rate, suggesting either a zero-coupon bond structure where the investment return stemmed from an initial discount, or a plain vanilla bond issued at par with no coupon payments throughout its life. With a single payment frequency, the bond reached its maturity date on June 12, 2022. At this point, the obligation was successfully redeemed at 100% of its face value, aligning with its reported current market price, and has been fully repaid to its holders, thereby concluding its term as a financial asset.