Bond Sber 0% ( RU000A101U20 ) in RUB

Issuer	Sber
Market price	100 % ⇌
Country	Russia
ISIN code	RU000A101U20 ( in RUB )
Interest rate	0%
Maturity	26/12/2023 - Bond has expired
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Minimal amount	1 000 RUB
Total amount	2 000 000 000 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 instrument identified by ISIN RU000A101U20, issued by Sberbank, provides insight into a specific segment of the Russian financial market. Sberbank, as the issuer, is Russia's largest financial institution, a state-owned banking and financial services company that holds a dominant position in the country's banking sector and is a key player in the wider Eastern European financial landscape. This particular bond, denominated in Russian Rubles (RUB), featured a total issuance size of 2,000,000,000 RUB and was notable for its 0% interest rate, classifying it as a zero-coupon bond. Such instruments are typically issued at a discount to their face value, with the investor's return generated from the difference between the discounted purchase price and the full face value received at maturity, rather than through periodic coupon payments. The bond had a relatively low minimum purchase size of 1,000 RUB, potentially broadening its accessibility to various investor profiles. With a scheduled maturity date of December 26, 2023, and a stated payment frequency of 1, indicative of the single principal repayment at the end of its term, the bond reached its full term. Prior to its maturity, the bond was observed trading at a market price of 100%, reflecting its par value. As of its maturity date, this debt obligation has been fully repaid and redeemed, concluding its lifecycle as a successfully discharged financial instrument from Sberbank's liabilities.