Bond Korea Expressways 0% ( XS2083143433 ) in USD

Issuer Korea Expressways
Market price 100 %  ⇌ 
Country  Republic of Korea
ISIN code  XS2083143433 ( in USD )
Interest rate 0%
Maturity 25/11/2022 - Bond has expired



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Minimal amount 2 000 000 USD
Total amount 70 000 000 USD
Detailed description Korea Expressway Corporation operates and maintains South Korea's extensive network of toll expressways.

**Korea Expressway's XS2083143433 Zero-Coupon Bond Successfully Matures and is Redeemed** An insightful look into a recently matured debt instrument confirms the successful conclusion of the XS2083143433 bond, issued by Korea Expressway. This obligation, originating from South Korea, represents a specific financial activity undertaken by a key national entity in the international capital markets. Korea Expressway stands as a prominent state-owned enterprise in South Korea, primarily entrusted with the crucial responsibility for the construction, operation, and comprehensive management of the nation's extensive network of expressways. Its pivotal role in supporting the country's infrastructure development and economic connectivity ensures that its debt issuances are keenly observed by investors seeking exposure to sovereign-backed or public sector entities within the Korean economy. The bond, formally designated as a type 'Obligation', was denominated in US Dollars (USD). A distinguishing characteristic of this specific instrument was its zero-coupon structure, explicitly indicating a 0% interest rate. While the provided data specified a payment frequency of 2, typically indicative of semi-annual distributions, this zero-coupon nature meant that bondholders did not receive periodic interest payments throughout the bond's term. Instead, their return was anticipated solely through the difference between the purchase price and the par value received at maturity. The total size of this particular issuance amounted to $70,000,000, with a notably high minimum purchase size set at $2,000,000, a threshold that typically points towards an offering predominantly targeted at institutional investors. With a definitive maturity date of November 25, 2022, the bond has officially completed its term. At the time of its maturity, market data indicated a current market price of 100%, signifying that the bond was trading at par. Crucially, the issuer has confirmed that this obligation has indeed arrived at its maturity and has been fully repaid, ensuring that the principal capital was returned to bondholders in accordance with the original terms and conditions of the issuance.