Bond Korea Expressways 0% ( US50065KAD46 ) in USD

Issuer	Korea Expressways
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	US50065KAD46 ( in USD )
Interest rate	0%
Maturity	20/04/2020 - Bond has expired
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Minimal amount	200 000 USD
Total amount	400 000 000 USD
Cusip	50065KAD4
Standard & Poor's ( S&P ) rating	AA ( High grade - Investment-grade )
Moody's rating	NR
Detailed description	Korea Expressway Corporation operates and maintains South Korea's extensive network of toll expressways. This financial article details the historical specifications of a matured bond issued by the Korea Expressway Corporation, identified by ISIN US50065KAD46 and CUSIP 50065KAD4. The issuer, Korea Expressway Corporation, is a prominent public enterprise based in South Korea, primarily responsible for the construction, management, and operation of the nation's extensive network of expressways and related infrastructure, playing a vital role in the country's economic development and transportation logistics. This particular bond, denominated in USD, represented a total issuance size of $400,000,000, with a minimum purchase increment set at $200,000. Notably, the bond carried a 0% interest rate, indicating it was a zero-coupon instrument, meaning it did not provide periodic interest payments to bondholders; despite a listed payment frequency of 2, no semi-annual or other coupon distributions were made. This debt instrument reached its maturity on April 20, 2020, at which point it was repaid at its par value, recorded as 100% of its principal amount. The bond was highly regarded by rating agencies, receiving an "AA" rating from Standard & Poor's (S&P), reflecting a strong capacity to meet financial commitments, while Moody's indicated "NR" (Not Rated) for this specific issuance. Following its maturity, the bond was successfully redeemed, returning principal to its investors as scheduled.