Bond VTBank 0% ( RU000A1027L0 ) in RUB

Issuer	VTBank
Market price	100 % ⇌
Country	Russia
ISIN code	RU000A1027L0 ( in RUB )
Interest rate	0%
Maturity	02/12/2025
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Minimal amount	1 000 RUB
Total amount	100 000 000 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. VTB Bank Issues Zero-Coupon Bond with ISIN RU000A1027L0: A Detailed Financial Overview This article provides a comprehensive financial overview of a specific bond issuance by VTB Bank, one of Russia's leading financial institutions, identified by the International Securities Identification Number (ISIN) RU000A1027L0. This instrument represents a direct obligation of the issuer and presents distinct characteristics for investors evaluating fixed-income opportunities. Issuer Profile: VTB Bank VTB Bank stands as a cornerstone of the Russian financial system, recognized as a prominent state-owned universal bank and one of the largest financial conglomerates in the country. Founded in 1990, VTB offers an extensive array of banking and financial services, encompassing corporate banking, retail banking, investment banking, and asset management, catering to a diverse client base across Russia and internationally. Its strategic significance within the Russian economy is underscored by its substantial market presence, extensive branch network, and active participation in key national economic initiatives. The bank plays a pivotal role in providing financial support to various sectors of the Russian economy, from large corporations and state-owned entities to small and medium-sized enterprises and individual consumers. Bond Specifications and Characteristics The bond under consideration is an unsecured debt instrument issued by VTB Bank, with the following key specifications: * Type: Bond * ISIN: RU000A1027L0 * Issuer: VTB Bank * Country of Issue: Russia * Current Market Price: 100% of par value * Currency: Russian Ruble (RUB) * Interest Rate: 0% * Total Issue Size: 100,000,000 RUB * Minimum Purchase Size: 1,000 RUB * Maturity Date: December 2, 2025 * Payment Frequency: 1 A defining characteristic of this bond is its 0% interest rate, classifying it as a zero-coupon bond. This structure implies that investors will not receive any periodic interest payments throughout the bond's term. Typically, the return on a zero-coupon bond is realized from the discount at which it is purchased relative to its par value, with the full par amount paid at maturity. However, with the current market price standing precisely at 100% of its par value, investors acquiring this bond at its current trading price and holding it until its maturity date on December 2, 2025, would not accrue any direct interest income or capital appreciation stemming from the initial purchase price to the redemption value, assuming redemption at par. The specified payment frequency of '1' further confirms that the principal amount is disbursed as a single payment upon the bond's maturity. The total volume of this bond issuance is set at 100,000,000 Russian Rubles, with a relatively low minimum investment threshold of 1,000 Rubles, which broadens its accessibility to various investor segments. This instrument provides direct exposure to the credit risk of VTB Bank and the prevailing economic conditions within Russia, given its denomination in the Russian Ruble and the issuer's domicile. Investors considering this bond should thoroughly assess the implications of its zero-coupon structure trading at par, alongside VTB Bank's creditworthiness and the broader macroeconomic landscape of Russia.