Bond VTBank 0% ( RU000A102MX7 ) in RUB

Issuer	VTBank
Market price	100 % ⇌
Country	Russia
ISIN code	RU000A102MX7 ( in RUB )
Interest rate	0%
Maturity	13/01/2021 - Bond has expired
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Minimal amount	1 000 RUB
Total amount	25 000 000 000 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. A detailed financial analysis reveals the characteristics of a bond identified by the ISIN RU000A102MX7, which was issued by VTB Bank, a prominent state-owned financial institution headquartered in Russia. VTB Bank is recognized as one of Russia's largest and most systemically important banks, actively engaged across corporate, investment, and retail banking sectors, often playing a pivotal role in the country's economic development and financing key national projects. This particular obligation, denominated in Russian Rubles (RUB), originated from an issuance totaling a substantial 25,000,000,000 RUB, with a minimum purchase size set at 1,000 RUB, aiming to accommodate a broader investor base. Notably, this instrument featured a 0% interest rate, signifying it as a zero-coupon bond, where the investor's return was structured to be derived from the difference between its original discounted issue price and its par value upon maturity, consistent with its market price of 100% observed as it approached its redemption date. Issued from Russia, the bond's defined maturity date was January 13, 2021, and its payment frequency of one indicated a single lump-sum repayment at the end of its term. It has been confirmed that this obligation successfully reached its maturity date and was subsequently redeemed in full, fulfilling its financial commitments.