Bond Korea Industrial Bank 1.74% ( XS2123290533 ) in USD

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	XS2123290533 ( in USD )
Interest rate	1.74% per year ( payment 2 times a year)
Maturity	24/02/2021 - Bond has expired
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Minimal amount	200 000 USD
Total amount	50 000 000 USD
Detailed description	The Industrial Bank of Korea (IBK) is a South Korean government-owned commercial bank specializing in financing small and medium-sized enterprises (SMEs) and infrastructure projects. An analysis of the XS2123290533 bond, issued by the Industrial Bank of Korea, details its characteristics and lifecycle through to redemption. The issuer, Industrial Bank of Korea (IBK), is a prominent state-owned financial institution headquartered in South Korea, primarily established by the Industrial Bank of Korea Act to support and foster the growth of small and medium-sized enterprises (SMEs) within the nation's economy, thereby playing a crucial role in national development and industrial financing. This specific fixed-income instrument, identified by the ISIN XS2123290533, was denominated in United States Dollars (USD) and constituted a total issuance size of $50,000,000. It featured an annual interest rate of 1.74%, with interest payments distributed semi-annually, reflecting a payment frequency of two times per year. The minimum purchase size for this bond was set at $200,000. Originally scheduled to mature on February 24, 2021, this obligation has successfully reached its maturity date and has been fully redeemed as per its terms, thereby concluding its lifecycle as a debt instrument.