Bond Krajowa Gospodarka Bank 5.375% ( XS2625207571 ) in USD

Issuer	Krajowa Gospodarka Bank
Market price	100 % ⇌
Country	Poland
ISIN code	XS2625207571 ( in USD )
Interest rate	5.375% per year ( payment 2 times a year)
Maturity	22/05/2033 - Bond has expired
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Minimal amount	200 000 USD
Total amount	1 750 000 000 USD
Detailed description	Bank Gospodarstwa Krajowego (BGK) is a Polish state-owned development bank that provides financing and support for Polish businesses and public infrastructure projects. A recent notable event in the fixed-income market concerns the bond with ISIN code XS2625207571, issued by Bank Gospodarstwa Krajowego (BGK), the Polish state-owned development bank. BGK plays a pivotal role in Poland's economic landscape, acting as a key financial institution responsible for supporting the nation's economic development, implementing government economic programs, and managing various state funds. Its activities encompass financing strategic infrastructure projects, fostering export growth, and providing crucial financial guarantees, underpinning the credit quality of its issued securities. This particular debt instrument, denominated in USD, carried an attractive annual interest rate of 5.375% and had a total issuance size of $1,750,000,000. Investors were able to acquire this bond with a minimum lot size of $200,000. While the bond traded at 100% of its par value on the secondary market at one point, its maturity date was precisely May 22, 2033, with interest payments distributed semi-annually. It is important to note that this bond has successfully reached its maturity and has been fully repaid, concluding its life cycle as a debt instrument issued from Poland.