Bond VTBank 0% ( RU000A0NRCT7 ) in CNY

Issuer	VTBank
Market price	100 % ▲
Country	Russia
ISIN code	RU000A0NRCT7 ( in CNY )
Interest rate	0%
Maturity	01/01/2026
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Minimal amount	/
Total amount	100 000 000 CNY
Detailed description	VTB Bank is a major Russian state-owned bank offering a wide range of financial services including corporate and retail banking, investment banking, and asset management, both domestically and internationally. This financial instrument, identified by ISIN RU000A0NRCT7, is a debt obligation issued by VTB Bank, one of Russia's largest and systemically important state-controlled financial institutions, headquartered in Russia. The bond, denominated in Chinese Yuan (CNY), represents a total issue size of 100,000,000 CNY and is currently observed trading at 100% of its nominal value on the market. A defining characteristic of this bond is its 0% interest rate, classifying it as a zero-coupon instrument, which means investors do not receive periodic coupon payments. Given its current market price at 100% of par, this implies a zero yield to maturity for investors acquiring it at this price and holding it until its maturity date of January 1, 2026. The bond specifies a payment frequency of 1, likely referring to the single principal repayment at maturity given its zero-coupon nature.