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ItalianoBond Korea Development Institute 2.125% ( US500630CY21 ) in USD
| Issuer | Korea Development Institute |
| Market price | 100 % ⇌ |
| Country |  Republic of Korea
|
| ISIN code |
 US500630CY21 ( in USD )
|
| Interest rate | 2.125% per year ( payment 2 times a year) |
| Maturity | 01/10/2024 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
|
| Minimal amount | 200 000 USD |
| Total amount | 500 000 000 USD |
| Cusip | 500630CY2 |
| Detailed description |
The Korea Development Bank (KDB) is a policy-based financial institution that provides financial support and policy financing to Korean companies, primarily focusing on industrial development and economic growth. The US500630CY21 bond, identified by CUSIP 500630CY2 and issued by the Korea Development Bank, a state-owned policy bank of South Korea crucial for fostering economic development through corporate finance, successfully reached its maturity date of October 1, 2024, and has been fully repaid. This USD-denominated debt instrument, originally issued for a total size of $500,000,000 with a coupon rate of 2.125% paid semi-annually, was priced at 100% on the market at the time of its redemption, having initially required a minimum purchase size of $200,000. |