Bond VTBank 0% ( RU000A101TG9 ) in RUB

Issuer	VTBank
Market price	100 % ⇌
Country	Russia
ISIN code	RU000A101TG9 ( in RUB )
Interest rate	0%
Maturity	07/07/2023 - Bond has expired
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Minimal amount	1 000 RUB
Total amount	200 000 000 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. Analysis of VTB Bank's Matured Russian Bond (ISIN: RU000A101TG9) This report details the specifications and lifecycle of a specific bond issued by VTB Bank, a prominent Russian financial institution, which has recently reached its maturity and been repaid. Issuer Profile: VTB Bank VTB Bank, headquartered in Moscow, stands as one of Russia's largest financial groups, offering a comprehensive array of banking services to corporate clients, financial institutions, individual clients, and government organizations. As a systemically important bank in Russia, VTB plays a significant role in the country's financial landscape and is majority-owned by the Russian government, underscoring its strategic importance within the national economy. Bond Specifications The instrument under review is a bond identified by the International Securities Identification Number (ISIN) RU000A101TG9. This bond was issued in Russia and denominated in Russian Rubles (RUB). Key financial parameters included a reported current market price of 100% prior to its maturity, indicating it traded at par. Notably, the bond carried an interest rate of 0%. This characteristic, combined with a payment frequency specified as '1' (often implying a single principal repayment at maturity), strongly suggests it was structured as a zero-coupon bond, where investors typically purchase the bond at a discount and receive its full face value at maturity, with the difference constituting the return. The total issuance size for this bond was 200,000,000 RUB, with a minimum purchase size set at 1,000 RUB. Its definitive maturity date was July 7, 2023. Maturity and Redemption Status Crucially, as of its maturity date on July 7, 2023, this bond successfully reached the end of its term and has since been fully repaid to its holders. This concludes its lifecycle in the market, confirming its redemption and the return of principal to investors.