Bond Koreana 0% ( KRC0350C3692 ) in EUR

Issuer	Koreana
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	KRC0350C3692 ( in EUR )
Interest rate	0%
Maturity	10/09/2036
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Minimal amount	200 EUR
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. Detailed below is a significant sovereign bond offering from the Republic of Korea, a prominent economic powerhouse in East Asia and a highly regarded issuer in international financial markets. Renowned for its robust export-driven economy, advanced technological sectors, and consistent fiscal management, South Korea maintains a strong credit standing, reflecting its stability and capacity to meet its financial obligations. This particular debt instrument is identified by its ISIN KRC0350C3692 and is classified as an obligation, or bond. A distinctive characteristic is its 0% interest rate, categorizing it as a zero-coupon bond; this implies that investors do not receive periodic interest payments (coupons) throughout the bond's life. Instead, any potential return typically arises from purchasing the bond at a discount to its face value and receiving the full principal amount at maturity, though its current market price stands at 100% of its face value, indicating it is presently trading at par. This unique combination of a 0% interest rate and a current market price at par signifies that, if purchased at the present price and held until its maturity date of September 10, 2036, the bond would yield a 0% return, positioning its utility primarily for capital preservation rather than income generation or capital appreciation through yield. Denominated in EUR, this Eurobond underscores South Korea's engagement with the European financial market, allowing European investors direct exposure to Korean sovereign debt without currency conversion risks related to the Korean Won, with the bond's country of issuance being South Korea itself. The minimum purchase size for this instrument is set at 200 units, facilitating accessibility for a range of investors, and as a zero-coupon bond, the stated payment frequency of '1' refers to the single principal repayment made at maturity, as there are no periodic coupon distributions.