Bond Korea Industrial Bank 0.625% ( US45604HAK32 ) in USD

Issuer	Korea Industrial Bank
Market price	100 % ▼
Country	Republic of Korea
ISIN code	US45604HAK32 ( in USD )
Interest rate	0.625% per year ( payment 2 times a year)
Maturity	17/09/2024 - Bond has expired
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Minimal amount	200 000 USD
Total amount	500 000 000 USD
Cusip	45604HAK3
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	Aa2 ( High grade - Investment-grade )
Detailed description	The Industrial Bank of Korea (IBK) is a South Korean government-owned commercial bank specializing in financing small and medium-sized enterprises (SMEs) and infrastructure projects. The Industrial Bank of Korea (IBK), a cornerstone state-owned financial institution headquartered in South Korea, primarily mandated to support and nurture the nation's vast ecosystem of small and medium-sized enterprises (SMEs) and contributing significantly to the country's economic stability, recently marked the successful conclusion of one of its internationally issued debt instruments. This specific bond, identified by the International Securities Identification Number (ISIN) US45604HAK32 and CUSIP 45604HAK3, was a U.S. Dollar-denominated offering that matured on September 17, 2024. The instrument featured a fixed annual interest rate of 0.625% and was part of a substantial total issuance valued at $500,000,000. Designed with a minimum purchase threshold of $200,000, the bond provided investors with interest payments disbursed semi-annually. Reflecting its robust creditworthiness, the obligation held a strong Aa2 rating from Moody's, underscoring the high quality and low credit risk associated with the issuer. At its maturity, the bond was fully redeemed at 100% of its face value, confirming its complete reimbursement to bondholders and thereby concluding its financial lifecycle.