Bond OTP Bank 0% ( HU0000360532 ) in HUF

Issuer	OTP Bank
Market price	100 % ⇌
Country	Hungary
ISIN code	HU0000360532 ( in HUF )
Interest rate	0%
Maturity	31/05/2027
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Minimal amount	1 000 HUF
Total amount	794 529 000 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. A detailed analysis focuses on a specific bond (obligation) issued by OTP Bank (Hungary), a prominent financial institution recognized as one of the largest banking groups in Central and Eastern Europe, offering a comprehensive suite of banking services across the region. Identified by the ISIN code HU0000360532, this debt instrument was issued from Hungary and currently trades at 100% of its par value on the market. Denominated in Hungarian Forint (HUF), a notable characteristic of this bond is its 0% interest rate, positioning it as a zero-coupon bond where the investor's return is derived from the difference between the purchase price and the full principal repayment at maturity. The total size of this issuance is significant, amounting to 794,529,000 HUF, with a minimum purchase quantity set at 1,000 HUF to facilitate investor participation. This bond is scheduled to reach its maturity on May 31, 2027, and while a payment frequency of '1' is indicated, in alignment with its zero-coupon structure, the principal repayment typically occurs as a single lump sum at the maturity date.