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ItalianoBond Korea Industrial Bank 5.125% ( US45604HAL15 ) in USD
| Issuer | Korea Industrial Bank |
| Market price | 100 % ▲ |
| Country |  Republic of Korea
|
| ISIN code |
 US45604HAL15 ( in USD )
|
| Interest rate | 5.125% per year ( payment 2 times a year) |
| Maturity | 24/10/2024 - Bond has expired |
|
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|
| Minimal amount | 200 000 USD |
| Total amount | 600 000 000 USD |
| Cusip | 45604HAL1 |
| 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 bond, identified by ISIN US45604HAL15 and CUSIP 45604HAL1, has successfully matured and been fully repaid, representing an issuance by the Industrial Bank of Korea, a prominent state-owned financial institution in South Korea playing a crucial role in supporting the nation's small and medium-sized enterprises; this USD-denominated obligation, originating from South Korea, carried a fixed annual interest rate of 5.125% with semi-annual payment frequency, was issued for a total size of $600,000,000, required a minimum purchase size of $200,000, and matured on October 24, 2024, having maintained a market price of 100% through its lifecycle and boasting an impressive Aa2 credit rating from Moody's, reflecting the issuer's robust financial health and systemic importance. |