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ItalianoBond NongHyup Bank 0.715% ( XS2423689830 ) in USD
| Issuer | NongHyup Bank | ||||||||
| Market price | 100.00 % ⇌ | ||||||||
| Country |  Republic of Korea
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| ISIN code |
 XS2423689830 ( in USD )
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| Interest rate | 0.715% per year ( payment 2 times a year) | ||||||||
| Maturity | 20/12/2022 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 200 000 USD | ||||||||
| Total amount | 40 000 000 USD | ||||||||
| Detailed description |
NongHyup Bank is a major South Korean commercial bank and the financial arm of the National Agricultural Cooperative Federation, offering general banking services while specializing in agricultural finance. An analysis of a past fixed-income instrument reveals the characteristics of the bond issued by NongHyup Bank, a prominent South Korean financial institution. NongHyup Bank, also known as NH Bank, functions as a leading commercial bank and a core entity within the National Agricultural Cooperative Federation, playing a significant role in supporting South Korea's agricultural sector and providing comprehensive banking services to a diverse clientele including individuals and corporations. This specific bond, identified by ISIN code XS2423689830, was denominated in US Dollars (USD) and offered a coupon rate of 0.715%. The total issuance size for this instrument amounted to $40,000,000, with a minimum purchase requirement of $200,000 per investor. Interest payments were structured with a frequency of two times per year, typically on a semi-annual basis. Prior to its expiration, the bond was observed trading at 100% of its face value on the market. This financial instrument successfully reached its maturity date on December 20, 2022, and it has been confirmed that the bond has been fully redeemed and all outstanding principal and final interest payments have been disbursed to bondholders. |
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