Bond Koreana 0% ( KRC0350C20C3 ) in KRW

Issuer	Koreana
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KRC0350C20C3 ( in KRW )
Interest rate	0%
Maturity	10/12/2020 - Bond has expired
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Minimal amount	10 000 KRW
Total amount	/
Detailed description	South Korea is a highly developed East Asian nation known for its technological advancements, vibrant culture, and significant contributions to global entertainment, including K-pop and K-dramas. A specific debt instrument, identified by ISIN KRC0350C20C3, issued by the Republic of Korea, has successfully reached its maturity and been fully redeemed. The Republic of Korea, commonly referred to as South Korea, served as the issuer of this particular debt instrument. As a prominent East Asian nation, South Korea is characterized by a highly developed, export-oriented economy, driven by innovation in sectors such as electronics, automotive, and shipbuilding, and maintains a strong credit standing in global financial markets due to its robust economic framework and sound fiscal policies. Issued in Korean Won (KRW), this bond was distinctive for its zero-coupon nature, indicated by an interest rate of 0%, meaning investors did not receive periodic interest payments but rather anticipated their return from the principal repayment at maturity. The instrument's market price at the point of redemption stood at 100%, signifying that the full principal amount was repaid to bondholders. The minimum allowable lot size for acquisition was 10,000 units. With a fixed maturity date of December 10, 2020, the bond has completed its term as scheduled. While a 'payment frequency' of 1 was indicated, relevant for coupon distributions, for this zero-coupon bond, it represented the singular event of principal repayment upon its conclusion. The issuer has confirmed that this bond has been fully redeemed, effectively fulfilling its financial obligation to the investors.