Bond VTBank 0% ( RU000A0NX1Y3 ) in RUB

Issuer	VTBank
Market price	100 % ▲
Country	Russia
ISIN code	RU000A0NX1Y3 ( in RUB )
Interest rate	0%
Maturity	01/01/2026
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Minimal amount	/
Total amount	1 000 000 000 RUB
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. An obligation bearing the ISIN code RU000A0NX1Y3 has been issued by VTB Bank, a prominent state-controlled financial institution based in Russia. This specific fixed-income instrument, denominated in Russian Rubles (RUB), is currently trading at 100% of its nominal value in the market. A key characteristic of this bond is its zero-percent interest rate, classifying it as a zero-coupon bond, implying that investors will not receive regular coupon payments but are entitled to a single principal repayment upon maturity. The total size of this particular issuance amounts to 1,000,000,000 RUB. The bond is set to mature on January 1, 2026, with the principal repayment frequency being once at maturity, consistent with its zero-coupon structure. VTB Bank, established in 1990 as Vneshtorgbank, is one of Russia's largest and most significant universal banks. It offers a comprehensive range of banking products and services, including corporate banking, retail banking, and investment banking, serving a vast clientele that spans corporations, financial institutions, and individual customers. As a strategic asset with majority state ownership, VTB Bank plays a crucial role in the Russian financial system, often spearheading or participating in major economic initiatives both domestically and internationally, solidifying its position as a key pillar of the nation's economy.