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ItalianoBond NongHyup Bank 0.875% ( US65540KAF21 ) in USD
| Issuer | NongHyup Bank | ||||||||||||||||||||||||||||||||||||
| Market price | 94.38 % ▼ | ||||||||||||||||||||||||||||||||||||
| Country |  Republic of Korea
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| ISIN code |
 US65540KAF21 ( in USD )
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| Interest rate | 0.875% per year ( payment 2 times a year) | ||||||||||||||||||||||||||||||||||||
| Maturity | 28/07/2024 - Bond has expired | ||||||||||||||||||||||||||||||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 200 000 USD | ||||||||||||||||||||||||||||||||||||
| Total amount | 300 000 000 USD | ||||||||||||||||||||||||||||||||||||
| Cusip | 65540KAF2 | ||||||||||||||||||||||||||||||||||||
| Standard & Poor's ( S&P ) rating | A+ ( Upper medium grade - Investment-grade ) | ||||||||||||||||||||||||||||||||||||
| Moody's rating | A1 ( Upper medium grade - Investment-grade ) | ||||||||||||||||||||||||||||||||||||
| Detailed description |
NongHyup Bank is a major South Korean commercial bank and the financial arm of the National Agricultural Cooperative Federation, offering general banking services while specializing in agricultural finance. A notable fixed-income instrument, the NongHyup Bank bond identified by ISIN US65540KAF21 (CUSIP: 65540KAF2), was a USD-denominated debt security issued from South Korea. This bond carried a fixed annual interest rate of 0.875%, with coupon payments scheduled semi-annually, reflecting a payment frequency of two per year. The total size of this particular issue amounted to USD 300,000,000, with a stipulated minimum purchase size of USD 200,000 for investors. NongHyup Bank, the issuer of this bond, is a prominent financial institution based in South Korea, playing a significant role in the nation's banking sector as a key entity within the broader NH Financial Group. Established to serve both agricultural and general banking needs, NongHyup Bank offers a comprehensive range of financial products and services to individuals, corporate clients, and agricultural communities, contributing substantially to the economic infrastructure and stability of the Korean market. The bond's credit quality was well-regarded by leading global rating agencies, earning an 'A+' rating from Standard & Poor's (S&P) and an 'A1' rating from Moody's, both indicative of a strong investment-grade credit profile reflecting the issuer's robust financial health and capacity to meet its obligations. It is important to note that this bond reached its scheduled maturity date on July 28, 2024, and has since been fully repaid to its bondholders, concluding its lifecycle as a tradable debt instrument; the quoted 100% market price at the time reflected its redemption at par value upon maturity. |
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