Bond Korea Industrial Bank 0% ( XS2144020687 ) in USD

Issuer	Korea Industrial Bank
Market price	100 % ⇌
Country	Republic of Korea
ISIN code	XS2144020687 ( in USD )
Interest rate	0%
Maturity	24/03/2023 - Bond has expired
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Minimal amount	200 000 USD
Total amount	40 000 000 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 recently matured Industrial Bank of Korea (IBK) bond, identified by ISIN XS2144020687, reveals key characteristics of this financial instrument issued from South Korea. Industrial Bank of Korea, a prominent South Korean state-owned financial institution primarily established to support and develop small and medium-sized enterprises (SMEs) within the nation's economy, issued this particular obligation with a total principal amount of 40,000,000 USD. Denominated in United States Dollars, the bond featured a notable interest rate of 0%, classifying it effectively as a zero-coupon instrument, despite a reported payment frequency of two. The minimum purchase size for investors was set at 200,000 USD, and the bond's market price was noted at 100% leading up to its conclusion. This bond reached its full maturity on March 24, 2023, and has subsequently been fully redeemed, returning principal to its bondholders.