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ItalianoBond Korea Development Institute 3.7% ( XS1056202846 ) in USD
| Issuer | Korea Development Institute |
| Market price | 100 % ⇌ |
| Country |  Republic of Korea
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| ISIN code |
 XS1056202846 ( in USD )
|
| Interest rate | 3.7% per year ( payment 2 times a year) |
| Maturity | 11/04/2024 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | 1 000 000 USD |
| Total amount | 50 000 000 USD |
| 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. A review of the bond identified by ISIN **XS1056202846**, issued by the **Korea Development Bank (KDB)**, a pivotal state-owned policy bank established by the South Korean government to foster economic development and industrial growth, highlights its recent maturity and redemption. This **USD-denominated** obligation carried an annual interest rate of **3.7%**, with coupon payments structured on a semi-annual basis (2 times per year). The total issuance size for this bond was **50,000,000 USD**, with a minimum purchase increment set at **1,000,000 USD**. Originating from South Korea, the bond was observed to be priced at **100%** at its redemption point, which occurred as scheduled on **April 11, 2024**, concluding its lifecycle with a full reimbursement to bondholders. |