Bond OTP Bank 0% ( HU0000347935 ) in HUF

Issuer OTP Bank
Market price 100 %  ⇌ 
Country  Hungary
ISIN code  HU0000347935 ( in HUF )
Interest rate 0%
Maturity 13/07/2021 - Bond has expired



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Minimal amount 10 000 HUF
Total amount 7 450 000 000 HUF
Detailed description OTP Bank Hungary is a major Hungarian commercial bank, part of the larger OTP Group, offering a wide range of financial services including retail banking, corporate banking, investment banking, and asset management.

An analysis of the HU0000347935 bond, recently matured and fully repaid, offers insight into a specific debt instrument issued by OTP Bank (Hungary), a prominent financial institution in Central and Eastern Europe. OTP Bank, officially Országos Takarékpénztár és Kereskedelmi Bank Nyrt., stands as one of the largest independent financial service providers across the region, headquartered in Budapest, Hungary, with a substantial footprint in numerous countries. Its diversified activities span retail banking, corporate services, and investment banking, making it a key indicator of financial stability within the Hungarian market and beyond. This particular bond, identified by ISIN HU0000347935, was denominated in Hungarian Forints (HUF) and was part of a total issuance valued at HUF 7,450,000,000. Originating from Hungary, the security featured a notable characteristic: a stated interest rate of 0%, indicating it functioned as a zero-coupon bond, where investors typically purchase the instrument at a discount and receive the full face value at maturity, or it was structured to pay no periodic interest. The minimum subscription size for this bond was HUF 10,000. Its designated maturity date was July 13, 2021, at which point the bond was successfully repaid at 100% of its nominal value. The specified payment frequency of '1' likely referred to the single principal repayment event at maturity, consistent with its zero-coupon nature, signifying the complete redemption of the principal to bondholders upon its conclusion.