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ItalianoBond Kookmin Bank 0% ( XS1619361469 ) in USD
| Issuer | Kookmin Bank | ||||||||
| Market price | 100 % ⇌ | ||||||||
| Country |  Republic of Korea
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| ISIN code |
 XS1619361469 ( in USD )
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| Interest rate | 0% | ||||||||
| Maturity | 05/26/2022 - Bond has expired | ||||||||
| Minimal amount | 200 000 USD | ||||||||
| Total amount | 35 000 000 USD | ||||||||
| Detailed description |
Kookmin Bank is South Korea's largest commercial bank by assets, offering a wide range of financial services including retail banking, corporate banking, investment banking, and wealth management. This financial report details the maturity and redemption of a specific bond, identified by the ISIN XS1619361469, issued by Kookmin Bank, one of South Korea's largest and most reputable financial institutions, which has recently fulfilled its obligations. This USD-denominated bond, issued from South Korea, represented a total offering size of $35,000,000, with a minimum purchase requirement of $200,000 per unit. A key characteristic of this obligation was its 0% interest rate, denoting it as a zero-coupon instrument designed to provide returns through a discount at issuance rather than periodic coupon payments; despite this, a payment frequency of 2 was noted in its specifications. Having reached its maturity date on May 26, 2022, the bond was successfully redeemed at 100% of its face value on the market, ensuring full repayment to its bondholders. |
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