Bond Korea Development Institute 0% ( XS2022179159 ) in EUR

Issuer	Korea Development Institute
Market price	100 % ▲
Country	Republic of Korea
ISIN code	XS2022179159 ( in EUR )
Interest rate	0%
Maturity	09/07/2024 - Bond has expired
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Minimal amount	100 000 EUR
Total amount	500 000 000 EUR
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 recent financial event in the fixed-income market concerns the bond identified by ISIN XS2022179159. This specific debt instrument, classified as a bond, was denominated in EUR, with a substantial total issuance size of 500,000,000 EUR. Its initial minimum purchase size for investors was set at 100,000 EUR. The issuer of this bond is the Korea Development Bank (KDB), a prominent state-owned financial institution established in 1954 to support and develop South Korea's industrial infrastructure. As a key policy bank, KDB plays a crucial role in providing financing for major industrial projects, fostering economic growth, and supporting small and medium-sized enterprises (SMEs) within South Korea. Its strong governmental backing and strategic importance to the Korean economy contribute to its standing in international capital markets. Issued from South Korea, the bond carried a stated interest rate of 0%, indicating it was structured as a zero-coupon bond or for principal repayment only at maturity, which also aligns with its single payment frequency. With a maturity date of July 9, 2024, the bond has recently completed its lifecycle. The market price at maturity was 100%, reflecting the full principal repayment to bondholders. It is important to note that this obligation has indeed matured and all principal amounts have been fully reimbursed to investors.