Bond VTBank 0% ( RU000A102SJ3 ) in RUB

Issuer	VTBank
Market price	100 % ⇌
Country	Russia
ISIN code	RU000A102SJ3 ( in RUB )
Interest rate	0%
Maturity	01/01/2024 - Bond has expired
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Minimal amount	1 000 RUB
Total amount	50 000 000 000 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. An analysis of recent fixed-income instrument performance highlights the successful maturity and redemption of the bond identified by ISIN RU000A102SJ3, issued by VTB Bank, a prominent Russian state-owned universal bank and one of the largest financial institutions in Russia, providing a comprehensive range of banking services to corporate clients, financial institutions, and individuals across various sectors of the national economy. This particular bond, denominated in Russian Rubles (RUB) and issued from Russia, represented a significant issuance with a total nominal value reaching 50,000,000,000 RUB, structured with a minimum purchase increment of 1,000 RUB. Notably, it was designed as a zero-coupon instrument with an interest rate of 0%, implying that investors acquired it at a discount and were set to receive the full par value upon maturity, rather than periodic interest payments. Having a defined maturity date of January 1, 2024, and a payment frequency of 1, likely referring to the singular principal repayment, the bond has now reached its scheduled end-of-life cycle and has been successfully repaid to its holders, with its current market price of 100% confirming its redemption at par.