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ItalianoBond Industrial Bank of Korea 0.5% ( XS2400359282 ) in USD
| Issuer | Industrial Bank of Korea | ||||||||
| Market price | 100.00 % ⇌ | ||||||||
| Country |  Republic of Korea
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| ISIN code |
 XS2400359282 ( in USD )
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| Interest rate | 0.5% per year ( payment 2 times a year) | ||||||||
| Maturity | 19/10/2023 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 500 000 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. The Industrial Bank of Korea (IBK), a prominent South Korean state-owned financial institution primarily dedicated to supporting small and medium-sized enterprises (SMEs), recently confirmed the successful maturity and full redemption of its USD-denominated bond, identified by ISIN XS2400359282, which was originally issued from South Korea with a total size of $50,000,000 and a minimum purchase requirement of $500,000; this debt instrument, carrying an annual interest rate of 0.5% with semi-annual payment frequency, reached its maturity date on October 19, 2023, after trading at 100% of its par value, ensuring its complete repayment to bondholders. |
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