Bond VTBank 0% ( RU000A101JA3 ) in RUB

Issuer	VTBank
Market price	100 % ⇌
Country	Russia
ISIN code	RU000A101JA3 ( in RUB )
Interest rate	0%
Maturity	21/03/2023 - Bond has expired
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Minimal amount	1 000 RUB
Total amount	3 000 000 000 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. The financial instrument under review is a bond, identified by ISIN RU000A101JA3, issued by VTB Bank. VTB Bank, a prominent financial institution based in Russia, serves as a key player in the country's banking sector, offering a wide array of services to corporate and retail clients, and is the issuer of this particular bond which was issued from Russia. This specific bond, denominated in Russian Rubles (RUB), was notable for its 0% interest rate, indicating it was structured as a zero-coupon bond, with its full redemption value paid at maturity. The total issue size for this bond was RUB 3,000,000,000, with a minimum purchase size set at RUB 1,000. Originally scheduled to mature on March 21, 2023, this bond has indeed reached its maturity date and has been fully repaid to bondholders at 100% of its face value in a single payment, marking its successful redemption.