Bond Sber 0% ( RU000A1001M3 ) in RUB

Issuer	Sber
Market price	100 % ⇌
Country	Russia
ISIN code	RU000A1001M3 ( in RUB )
Interest rate	0%
Maturity	12/02/2021 - Bond has expired
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Minimal amount	1 000 RUB
Total amount	3 000 000 000 RUB
Detailed description	Sberbank is Russia's largest bank, offering a wide range of financial services including retail banking, corporate banking, and investment banking. An analysis of the debt capital markets highlights the characteristics of the RU000A1001M3 bond, a Russian Ruble (RUB) denominated obligation issued by Sberbank. This instrument, with a total issuance size of 3,000,000,000 RUB and a minimum purchase denomination of 1,000 RUB, was noteworthy for its 0% stated interest rate, implying it functioned as a zero-coupon bond or a principal-only repayment note where investor returns are realized from the difference between its discounted purchase price and its par redemption value. The bond, originating from Russia, reached its maturity on February 12, 2021, at which point it was trading at 100% of its nominal value, signifying its successful redemption. Sberbank, the issuer, is recognized as Russia's preeminent financial institution and the largest bank in the country, with a majority stake held by the Russian government. It holds a pivotal position in the national economy, offering an extensive array of banking and financial services across a vast network and serving a diverse client base ranging from retail customers to large corporations and government bodies, thereby underpinning its systemic importance. Following its scheduled maturity, this specific bond has been fully repaid, ensuring the return of principal to its investors.